Global Enterprise File Synchronization and Sharing (EFSS) Market Expected to Reach US $ 15.6 Billion by 2026

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FACTS AT A GLANCE
Edition: 9; Approved: April 2021
Executive pool: 23573
Companies: 23 – Players Covered include Accellion, Inc .; Acronis International GmbH; BlackBerry Ltd .; Box, Inc .; Citrix Systems, Inc .; CodeLathe Technologies Inc; Ctera Networks Corporation; Dropbox, Inc .; Egnyte, Inc .; Google LLC; HighQ Solutions Limited; IBM Corporation; Inspire-Tech Pte Ltd .; IntraLinks, Inc .; Microsoft Corporation; Myworkdrive from Wanpath LLC; Nextcloud GmbH; Northbridge Secure Systems Pty Ltd .; OpenText Corporation; ownCloud GmbH; Qnext Corp; Skysync; SugarSync, Inc .; Syncplicity from Axway LLC .; By Inc .; VMware, Inc .; Xmedius solutions and others.
Cover: All major regions and key segments
Segments: Component (stand-alone EFSS solution, integrated EFSS solution, services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and rest Europe); Asia Pacific; Rest of the world.

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ABSTRACT-

Reaching Global Enterprise File Synchronization and Sharing (EFSS) Market $ 15.6 billion by 2026
Amid the COVID-19 crisis, the global enterprise file synchronization and sharing (EFSS) market is valued at $ 4.3 billion in 2020 is expected to reach a revised size of $ 15.6 billion until 2026 with a CAGR of 23.6% in the analysis period. The stand-alone EFSS solution, one of the segments analyzed in the report, is expected to have a CAGR and reach of 22% $ 8.2 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and its triggered economic crisis, growth in the Integrated EFSS Solution segment will be adjusted to a revised CAGR of 23.2% for the next 7 year period.

The US market is estimated at $ 1.7 billion in 2021, while China is expected to reach $ 2.8 billion by 2026
The Enterprise File Synchronization and Sharing (EFSS) market in the United States is estimated at $ 1.7 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 2.8 billion by 2026 with a CAGR of 23.1% in the analysis period. Other notable geographic markets include Japan and Canada, which will grow by 20.9% and 20.3% respectively over the analysis period. Within Europe, Germany is forecast to grow about 16.7% CAGR.

Service segment to be reached $ 3.5 billion by 2026
In the Global Services segment United States of America, Canada, Japan, China and Europe will drive the estimated CAGR of 27.5% for this segment. These regional markets make a combined market size of $ 646.7 million in 2020 a forecast size of $ 3.5 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More

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