Enterprises began using EFSS solutions with the increasing use of cloud computing, expanding network bandwidth, and collaboration of multi-regional businesses. EFSS solutions offer a centralized content storage repository for enterprise file sharing and collaboration, and allow users to save files in the cloud or on-premises storage and access them on other computing or mobile devices. The network administrator manages the access to files and folders, workgroup, or department. The previous versions of the report can be retrieved in the event of getting it corrupted or any security attacks.
Technavio’s analysts forecast the global EFSS market to grow at a CAGR of 20.15% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global EFSS market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of sales of EFSS solutions including software licenses; costs associated with subscription, software implementation, and maintenance; and technical support.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global EFSS Market 2016-2020
Technavio recognizes the following companies as the key players in the global EFSS market: ACCELLION, Box, Citrix Systems, Dropbox, Egnyte, Google, Microsoft, and Syncplicity
Other Prominent Vendors in the market are: Acronis International, Alfresco Software, BlackBerry, Commvault, FileCloud, Hightail, Hitachi Data Systems, Huddle, IBM, Intralinks, Micro Focus, PowerFolder, Thru, VMware, and Workshare
Commenting on the report, an analyst from Technavio’s team said: “Employees are becoming more dependent on mobile devices because of the increasing need for a seamless connection between enterprise networks and employees. In 2015, the global mobile workforce was approximately 1.3 billion, and it will reach approximately $1.64 billion by 2020. This growth in the mobile workforce is because of the high popularity and acceptance of the BYOD policy among enterprises. The emergence of new mobile technologies such as near-field communication, wearables, and biometric readers also add fuel to the growth. This is transforming the work culture in developing regions such as China, India, Malaysia, and Indonesia, further compelling the organizations to increase their mobile workforce to stay competitive.”
According to the report, consumerization of IT refers to the use of technologies without external IT support to standardize the IT processes in an organization. In 2015, IT enterprises widely adopted technologies such as cloud storage and other similar applications. The increase in adoption of cloud storage applications such as Dropbox and Google Drive among enterprises is mainly because of the increasing acceptance of in the BYOD in IT organizations.
Further, the report states that EFSS solutions provide a single point access for employees of an organization to access corporate data anywhere, anytime, and on any device. However, it raises security concerns because enterprises have no visibility into the data that are available in the employee's personal file sync-and-share accounts. Furthermore, the organization does not have visibility into the data stored in cloud-based EFSS solutions, creating security challenges for the enterprises. Improper data management can lead to security issues related to identity management, access control, risk management, auditing and logging in, regulatory compliance violations, data leakages, and bad reputation.
ACCELLION, Box, Citrix Systems, Dropbox, Egnyte, Google, Microsoft, Syncplicity, Acronis International, Alfresco Software, BlackBerry, Commvault, FileCloud, Hightail, Hitachi Data Systems, Huddle, IBM, Intralinks, Micro Focus, PowerFolder, Thru, VMware, Workshare.
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