Overview
The global file sharing software market is growing rapidly. The market growth attributes to the proliferation of high bandwidth 3G/4G/5Gtechnologies and data center developments, and the requirement of live data/file sharing. The rapid expansion of network infrastructure has led to the development of file-sharing platforms. Moreover, an increase in the adoption of cloud technology and the growing internet penetration escalate market growth.
According to Market Research Future (MRFR), the booming File Sharing Software Market Growth is expected to reach USD 4 Billion by 2023, growing at 13.69% CAGR throughout the assessment period (2017 to 2023). Increasing demand for a convenient platform to share files immediately and store them safely by individuals and enterprises boosts the growth of the market.
Additionally, the emergence and market proliferation of cloud-based services and the increased number of organizations moving towards cloud deployment to ease access and share files across different platforms & locations influence market growth. Besides, the rising BPOs & KPOs in the APAC region increase the market size, providing more opportunities to grow & evolve.
Also, growing machine technologies and the market proliferation of smart devices like computers and smartphones foster market growth. The wide adoption of file sharing software in the media & entertainment industry provides an enormous impetus to market growth. Conversely, the high cost associated with the installation of file sharing software is a key factor projected to obstruct market growth.
Nevertheless, technological advancements and the emergence of AI would support market growth, providing cost-competitive file sharing solutions.
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Global File Sharing Software Market - Segments
The region is segmented into five dynamics;
By Type : System Native, Client Server, Peer to Peer, and others.
By Services : Professional Services, Managed Services Professional Services, Integration & Deployment Services, Support & Maintenance Services, Consulting Services, and other services.
By Deployment Mode : Cloud and On-premises.
By End-User : Individual User and Enterprises User.
By Enterprise User : BFSI, Healthcare, IT & Telecom, Education & Research, Media & Entertainment, Government, and others.
By Regions : Europe, Americas, APAC, and the Rest-of-the-World.
Global File Sharing Software Market - Regional Analysis
North America dominates the global file sharing software market. The largest market share attributes to the presence of several notable players and well-established infrastructure that enables the rapid implementation of advanced technologies. Besides, increasing investments in technology development and the rising adoption of advanced technologies positively impact regional market growth.
Moreover, the increasing popularity of the cloud platform fosters the growth of the regional market. With early adoption and constant innovation by the organizations, the US and Canada hold a leading share in the regional market. The North American file sharing software market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global file sharing software market. The market growth is driven by advances in digital technologies and the increasing need for online file sharing. Additionally, the rising adoption of BYOD across industry verticals substantiates the development of the regional market. The European file sharing software market is expected to create a substantial revenue share during the forecast period.
The Asia Pacific file sharing software market is growing rapidly. The region is a home for BPO services, catering to many non-English spoken economies worldwide. Factors such as the increasing number of businesses and uptake of the software to improve business productivity & efficiency drive the regional market growth. Moreover, the presence of various dynamic & diversified international organizations and technological advances fosters regional market growth. The APAC file sharing software market is projected to grow at the highest CAGR during the assessment period.
Industry/ Innovation/Related News:
September 02, 2020 ---- Intelligent Waves LLC (the US), a leading and trusted IT systems integrator, announced its partnership with Wire, the most secure collaboration platform to enable Intelligent Waves to customize IT solutions with Wire’s platform. This value-added reseller (VAR) partnership would enable Intelligent Waves to customize IT solutions with Wire’s platform, including end-to-end encrypted messenger, voice & video conference calls, and file sharing for federal government agencies with mission-critical security requirements. The defense and intelligence IT systems integrator and end-to-end encrypted collaboration platform would create an enhanced solution for mission-critical communications. Intelligent Waves provides robust and secure communications - particularly to the federal sector.
Global File Sharing Software Market - Competitive Analysis
Highly competitive, the file sharing software market appears to be fragmented due to the presence of several well-established industry players. Technology providers adopt strategic initiatives such as mergers & acquisitions, expansion, technology innovations, and product & service launch to gain a larger competitive share, intensifying the competitive environment of the market.
Matured technology providers increasingly focus on maximizing their market share while small players find it challenging to compete with them. Many brands have outlined plans to widen the penetration by including various technologies to their product portfolio.
Major Players:
Players leading the global file sharing software market include Dropbox (US), Google (US), Microsoft Corporation (US), Box (US), ownCloud GmbH (Germany), Citrix Systems, Inc. (US), Intralinks Holdings, Inc. (US), Tresorit (Switzerland), Huddle (UK), Onehub (US), SecureDocs, Inc. (US), IBM Corporation (US), Open Drive (US), WeTransfer (Netherlands), and Droplr (US), among others.
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File Sharing Software Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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