File Sharing Software Market Overview:
Market Research Future (MRFR), in its recently published research report, asserts that the global market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 24.8% CAGR in the forecast period (2018-2023).
The market growth is credited to the advancements in digital technology that enables the end-user to share data seamlessly regardless of time and place. Significant developments in the Internet of things (IoT) along with 5G technology and cloud computing, offer better prospects for the file sharing software market. The File Sharing Software Marketallows the employees to work from anywhere and anytime on their personal devices; this boosts employee productivity. Additionally, the employees are required to share a large amount of data seamlessly for working efficiently. The file-sharing software provides a platform for such employees, and therefore, the market is slated to grow at a significant rate.
Moreover, cloud computing technology offers efficient sharing and synchronizing of files, video, images, and storage services. Enterprises, as well as individual users, are augmented adoption of cloud deployment to store and share data at a significant rate. Moreover, the adoption of bring your own device (BYOD) is also one of the driving factors for the growth of the market over the review period. The rising concerns over data security due to third-party vendor involvement is the restraining factors for the growth of file-sharing software market
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The leading market players operating in the global file sharing software market as identified by MRFR are Dropbox (US), Google (US), Microsoft Corporation (US), Citrix Systems, Inc. (US), Box (US), ownCloud GmbH (Germany), Huddle (UK), Intralinks Holdings, Inc. (the US),Tresorit (Switzerland), IBM Corporation (US), Onehub (US), SecureDocs, Inc. (US), Droplr (US), Open Drive (US), and WeTransfer (Netherlands).
The file-sharing software market has been classified into type, deployment-mode, services, end-user, and vertical.
The file-sharing type segment is divided into system native, peer-to-peer, client-server, and others. The client-server segment held the largest market share in 2017, and the peer-to-peer segment is poised to be the file-sharing market during the forecast period. Furthermore, the deployment segment is categorized into the cloud and on-premise. The cloud segment is slated to dominate the market with the highest CAGR during the forecast period.
Additionally, the end-user segment has been segmented into enterprise users and individual users. The enterprise user segment is projected to dominate the market share, and the individual user segment file-sharing with a higher CAGR over the assessment period.
Furthermore, Based no the verticals, the market has been segmented into BFSI, media and entertainment, healthcare, IT & telecom, government, education and research, and others.
The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
North America is leading the file-sharing software market. The market growth is attributed to the increasing number of BYOD users, the adoption of cloud technology, and the need for transferring and sharing data quickly. Various partnerships, mergers, and collaborations are expected to take place in the US market, making it significantly dynamic. Asia-Pacific is presumed to be the fastest-growing region in the file-sharing software market. The market growth is attributed to the surge in the number of enterprises deploying BYOD solutions. Additionally, China is one of the significant revenue-generating countries in the Asia-Pacific file-sharing software market. Although there is a growing penetration of foreign file sharing platform providers in the region, the local people mainly employ the local file sharing platform to share files.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research File Sharing Software
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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List of Tables
Table 1 File Sharing Software Market, By Type
Table 2 File Sharing Software Market, By Application
Table 3 File Sharing Software Market, By End Users
List of Figures
Figure 1 Research Type
Figure 2 File Sharing Software Market, By Type (%)
Figure 3 File Sharing Software Market, By Application (%)
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