Enterprise File Synchronization and Sharing (EFSS) Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Enterprise File Synchronization and Sharing Market is segmented by Service (Managed Services, Professional Services), Size of Enterprise (Small and Medium Enterprises, Large Enterprises), Deployment (Cloud, On-premise), End-user Vertical (IT & Telecom, Banking, Financial Services, and Insurance, Retail, Manufacturing, Education, Government), and Geography.

EFSS Market Size

Enterprise File Synchronization and Sharing Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 28.12 %

Major Players

Enterprise File Synchronization and Sharing Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and it's growth?

EFSS Market Analysis

The global enterprise file synchronization and sharing market is expected to grow at a CAGR of 28.12% over the forecast period. Enterprise file synchronization and sharing (EFSS) is a software service that enables organizations to synchronize and share documents, photos, videos, and files securely.

  • Organizations adopt these technologies to help employees avoid using consumer-based file-sharing applications and software to store, access, and manage to ensure data security. For instance, an enterprise workstation dominantly uses Windows, Mac OS, and Linux OS. In contrast, their employees use mobile devices, such as tablets and smartphones, use Android and iOS as the dominant operating systems. It creates a considerable challenge for an organization/institution to create a solution that supports these different platforms. This led to the emergence of multiple players in the market that offer EFSS solutions.
  • Businesses use EFSS to improve content management, collaboration, secure file sharing, and include features such as live commenting, document version tracking, and workflow process management to help users store, edit, review, and share files. Additionally, it also offers the option to track and trace the document related to any invoice or order in auditing. Large enterprises that utilize EFSS require the flexibility to add access policies that govern the organization's accessibility to access specific content. These products include security capabilities, such as authentication, data encryption, containerization, and tracking features to protect enterprise data. Enterprises have been trying to improve their internal work efficiency by saving their employees time consumed in collaboration, as these solutions enable real-time collaboration and sharing of ideas.
  • The increasing adoption of the BYOD policy is driving the market. The growing mobile and digital workplace trends have positively driven the market's growth. File sharing and synchronization tools have become an essential productivity-enabling resource for increasingly mobile information workers, driven by the BYOD policy. According to toZippiaInc., the BYOD requirement of the companies has incraesedb6y 58.1% since the COVID-19 pandemic. Also, a survey conducted by IBM India among CIOs, CMOs, CTOs, and other decision-makers across various verticals indicated that about 57% of enterprises had been planning to invest in BYOD and mobile technology for their companies. In comparison, 67.4% expressed personal interest in owning this technology.
  • With the increasing demand for content and information security, enterprises are actively looking for more advanced solutions than the cloud. Weaknesses in cloud security include theft, sophisticated attacks against the application provider, and the inability to monitor data moving to and from applications. To overcome these, enterprises are launching new solutions. In June 2022, Elastic launched Elastic Security for Cloud to identify cloud threats like runtime and deployment risks automatically. The launch also allows analysts to enforce cloud security with Kubernetes security posture management (KSPM), with security benchmarks like Center for Internet Security (CIS) controls. The EFSS market is expected to continue to evolve as more organizations focus on digital transformation, an approach to enhancing internal productivity through adopting new technology and eliminating paper processes.
  • However, the organizations also encourage distributing their hardware for the prevalent hybrid work models to ensure uncompromised data security and work quality. Such measures pose a potential threat to the EFSS market, limiting the precedented growth with concepts like BYOD. The companies continue to use EFSS solutions on their proprietary devices for remote working.
  • Further, the outbreak of the COVID-19 pandemic worldwide is anticipated to augment the demand for enterprise file synchronization and sharing, especially among the IT and telecom sectors, due to the feasibility of employees' work from home. This has significantly driven the demand for solutions offering safer enterprise file access, synchronization, and sharing. As a result of the WFH onslaught, companies have been witnessing stepped-up sales, providing multiple access points and new-age features to ensure smooth and mission-critical performance in client organizations.

EFSS Industry Segmentation

The enterprise file synchronization and sharing service allows users to save files such as documents, photos, and videos in the cloud or on-premises storage and then access them on other computing devices with multiple people. Increasing privacy and security concerns, the service demand for all organization sizes is growing, comprising various end-user Vertical, such as Telecom and IT, BFSI, Retail, and Manufacturing.

The Enterprise File Synchronization and Sharing Market is segmented by Service (Managed Services, Professional Services), Size of Enterprise (Small and Medium Enterprises, Large Enterprises), Deployment (Cloud, On-premise), End-user Vertical (IT & Telecom, Banking, Financial Services, and Insurance, Retail, Manufacturing, Education, Government), and Geography.

Managed Service
Professional Service
Size of Enterprise
Small and Medium Enterprises
Large Enterprises
Deployment Type
End-user Vertical
IT & Telecom
Banking, Financial Services and Insurance
Other End-user Verticals
North America
Latin America
Middle East and Africa

Report scope can be customized per your requirements. Click here.

EFSS Market Trends

This section covers the major market trends shaping the EFSS Market according to our research experts:

BFSI to Account for the Significant Market Share

  • Capital-intensive financial institutions generally have multiple lines of business, which leads to several disconnected technology solutions and functions. This has created a demand for unified applications within the overall organization.
  • Most BFSI players invest in EFSS to develop mission-critical banking solutions for risk assessment and mitigation in the business prospects preventing the least data breaches. Cloud content management, data and security management, and using unsanctioned solutions to share files outside the firewall have become primary EFSS functions for deployment among the banking and insurance sectors. Banking institutions have made significant investments.
  • According to the 2021 Annual Data Breach Report by the Identity Theft Resource Center, the overall number of data compromises, 1,862, has increased by more than 68% compared to 2020. The increasing data breaches and incidences of identity thefts make it immensely important for companies to opt for active file management, especially in the banking sector.
  • The BFSI sector accounted for the majority of exposed sensitive records. According to moneycontrol.com, in August 2022, the Indian Minister of State in the Ministry of Finance mentioned that the government recorded 248 successful data breaches, comprising card data breaches and other thefts of business and non-business data in India. Such figures suggest the need for stringent and robust cloud access and remote file management software in the banking sector.
  • Thus, the market studied has been gaining traction. Many banks have been hosting advanced file sharing and synchronization services, which are compatible with their existing IT architecture and capabilities to protect data across all accessing devices, including monitoring, preventing, and resolving any instances of data leakage. Lockton (US Insurance Firm), one of the prominent, privately-owned insurance brokerage firms with over 5,600 associates and over 48,000 clients, provided unique file-sharing access to experts. Lockton used ShareFile, a DropBox solution, as a single solution to address mobility requirements while allowing easy and secure file sharing with its clients.
Enterprise File Synchronization and Sharing Market: Data Compromises in the financial services sector, US, 2019-2021

North America is Expected to Hold Major Share

  • The region is home to significant markets for managed services, professional services, cloud, IT and telecom, and retail due to the presence of countries such as the United States and Canada. The United States holds a significant share in IT and telecom and its supporting sectors, which may grow even further over the forecast period. The penetration of BYOD and smart device worldwide is significantly driving the market growth for EFSS. The United States holds a prominent share in smart device sales.
  • The region's demand for managed services is another driving factor for EFSS, as more and more enterprises opt for outsourcing non-core functionalities. The region is also home to significant vendors in managed services space, and such vendors are growing even further to increase their capabilities.
  • EFSS vendors, such as Microsoft, Dropbox, Citrix, Google, VMware, etc., are concentrated in the United States. Because of such scenarios, the region is driving the demand. Also, North America is expected to attain prominent revenue generation due to the high development rate of small and medium businesses. SMEs in the region are increasingly integrating modern technologies, such as mobile and cloud, within conventional EFSS, offering cost benefits. According to the Small Business Profile by the US Small Business Administration, in 2021, the country housed 32.5 million small businesses, constituting about 99.9% of the US businesses.
  • The growing number of enterprises catering to global and local clientele increases data privacy concerns. Governments in the region are taking certain steps to regulate citizens' data privacy. For instance, the California Consumer Privacy Act (CCPA) came into effect in January 2020, which applies to a business that collects and processes California residents' data or does business in California. The CCPA also grants rights to consumers similar to the GDPR, including disclosing personal information and requests for personal data.
  • Also, the Canadian law, Personal Information Protection and Electronic Documents Act (PIPEDA) enforces data privacy and governs how private sector organizations collect, use, and disclose personal information in their businesses. Due to such developments and increasing regional demand, many vendors focus on their regional operations and cross-border operations, which further needs even more strict measures to avoid data breaches, targeting seamless management of files and data.
Enterprise File Synchronization and Sharing (EFSS) Market, Growth Rate by Region,

EFSS Industry Overview

The enterprise file synchronization and sharing market are highly fragmented and intensely competitive. Players use strategies such as new product launches, partnerships, expansions, and others to increase their footprints in this market. The players share resources for mutual benefits. The client companies leverage the solutions the service providers offer to bolster some major functionalities.

  • May 2022 - Citrix Systems Inc partners with Microsoft Corporation to combine its high-0definition user experience (HDX) technology, ecosystem flexibility, and IT policy control with Windows 365, a major Cloud PC that offers IT administrators Citrix user licensing and employees. This also allows them the switch through Microsoft Endpoint Manager and windows365.microsoft.com.
  • November 2021 - Dropbox, Inc. acquired Command E, a search tool that consolidates multiple tools and platforms to efficiently search through files and documents. The company highlights the productivity benefits of Command E, helping navigate the content management software effectively.

EFSS Market Leaders

  1. Box, Inc.

  2. Citrix Systems, Inc.

  3. Dropbox, Inc.

  4. Microsoft Corporation

  5. Google Inc. (Alphabet Inc.)

*Disclaimer: Major Players sorted in no particular order

Enterprise File Synchronization and Sharing Market Concentration

EFSS Market News

  • June 2022 - The London councils of Royal Borough of Kingston upon Thames and London Borough of Sutton partner with Citrix Systems Inc. to leverage Citrix Virtual Apps and Desktops via Citrix Cloud, enabling more than 5,000 employees to serve more than 400,000 constituents. This allows the employees to access the client's resources, wherever required, to deliver the work remotely.
  • May 2022 - Movebot (developed by Couchdrop Limited) and Dropbox Inc. entered a strategic partnership, allowing individual, team, and business users to migrate data from other clouds to Dropbox quickly and securely. The global agreement makes Movebot Dropbox's preferred data migration solution provider.

EFSS Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Industry Value Chain Analysis


    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Adoption of BYOD across Various Industries

    2. 5.2 Market Restraints

      1. 5.2.1 Growing Penetration of Smartphones and Laptops

      2. 5.2.2 Data Privacy Challenges



    1. 7.1 Service

      1. 7.1.1 Managed Service

      2. 7.1.2 Professional Service

    2. 7.2 Size of Enterprise

      1. 7.2.1 Small and Medium Enterprises

      2. 7.2.2 Large Enterprises

    3. 7.3 Deployment Type

      1. 7.3.1 On-premise

      2. 7.3.2 Cloud

    4. 7.4 End-user Vertical

      1. 7.4.1 IT & Telecom

      2. 7.4.2 Banking, Financial Services and Insurance

      3. 7.4.3 Retail

      4. 7.4.4 Manufacturing

      5. 7.4.5 Education

      6. 7.4.6 Government

      7. 7.4.7 Other End-user Verticals

    5. 7.5 Geography

      1. 7.5.1 North America

      2. 7.5.2 Europe

      3. 7.5.3 Asia-Pacific

      4. 7.5.4 Latin America

      5. 7.5.5 Middle East and Africa


    1. 8.1 Company Profiles

      1. 8.1.1 Box, Inc.

      2. 8.1.2 Citrix Systems, Inc.

      3. 8.1.3 Dropbox Inc.

      4. 8.1.4 Microsoft Corporation (Microsoft OneDrive)

      5. 8.1.5 Google, Inc. (Alphabet Inc.)

      6. 8.1.6 IBM Corporation

      7. 8.1.7 BlackBerry Limited

      8. 8.1.8  VMware Inc. (Dell Technologies) 

      9. 8.1.9 Thru Inc.

      10. 8.1.10 SugarSync Inc.

      11. 8.1.11 Qnext Corp.

      12. 8.1.12 Acronis Inc.

      13. 8.1.13 CTERA Networks Inc.

    2. *List Not Exhaustive


**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

EFSS Market Research FAQs

The EFSS Market is studied from 2018 - 2028.

The EFSS Market is growing at a CAGR of 28.12% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Box, Inc., Citrix Systems, Inc., Dropbox, Inc., Microsoft Corporation, Google Inc. (Alphabet Inc.) are the major companies operating in EFSS Market.

EFSS Industry Report

Statistics for the 2023 EFSS market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. EFSS analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!