File Sharing Software Market Research Report Information - By Type (Client-Server, Peer to Peer), By Deployment Mode (Cloud), By End-user (Enterprises and Individual), By Vertical (Government, Healthcare, Media and Entertainment) - Global Forecast to 2027
File Sharing Software Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027
File Sharing Software Market Outlook, Strategies, Industry
Analysis, Future Scope, Key Drivers Forecast To 2027
File Sharing Software Market Research Report Information - By Type (Client-
Server, Peer to Peer), By Deployment Mode (Cloud), By End-user (Enterprises
and Individual), By Vertical (Government, Healthcare, Media and
Entertainment) - Global Forecast to 2027
Overview
The global file sharing software market is expected to have significant growth with a CAGR of
24.8% during the forecast period (2020-2027).
The market growth is attributed to the advancements in digital technology that enables the end
user to share data seamlessly regardless of time and place. Major developments in the Internet
of things (IoT) along with 5G technology and cloud computing offers better prospects for the file
sharing software market. The file sharing software allows the employees to work from anywhere
and anytime on their personal devices; this boosts employee productivity. Also, the employees
are required to share a large amount of data seamlessly for working efficiently. The file sharing
software offers a platform for such employees, and thus, the market is expected to grow at a
significant rate.
Furthermore, cloud computing technology offers efficient sharing and synchronizing of files,
images, video, and storage services. Enterprises, as well as individual users, are increasingly
adopting cloud deployment to store and share files at a significant rate. Also, the adoption of
bring your own device (BYOD) is also one of the fueling factors for the growth of the market.
The growing concerns over data security due to third-party vendor involvement is the limiting
factors for the growth of file sharing software market
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COVID-19 Analysis
COVID-19 has forced several organizations to transform their workplaces and education digitally
to operate effectively. Organizations that depend on advanced technologies like IoT, AI, and
cloud to rethink and advance their business for the future by fast-tracking digital transformation
will always be at the forefront in the competition. With lockdowns and social distancing being
enforced by the government, companies that were not resistant to the concept of a distributed
workforce too have been compelled to permit work from home to continue work while measures
are taken to curb the spread of the deadly virus. Thus, the mobile workforce trends coupled with
the growing digital workplace have led to the positive growth of the file sharing software industry.
Competitive Analysis
According to MRFR analysis, the growth of the global file sharing software market is dependent
on the market conditions. The key vendors in the global file sharing software market are Google
(US), Dropbox Inc. (US), Microsoft Corporation (US), Box (US), Citrix Systems, Inc. (US),
ownCloud GmbH (Germany), Intralinks Holdings, Inc. (US), Huddle (UK), Tresorit (Switzerland
and Hungary), Onehub (US), IBM Corporation (US), SecureDocs, Inc. (US), Open Drive (US),
Droplr (US), WeTransfer (Netherlands)..
Segmental Analysis
The file sharing software market has been classified into type, deployment-mode,
services, end user, and vertical.
The type segment is further divided into system native, client-server, peer-to-peer,
and others. The client-server segment accounted for the largest market share in
2017, and the peer-to-peer segment is expected to be the second largest market
during the forecast period. Furthermore, the deployment segment is categorized into
cloud and on-premise. The cloud segment is expected to dominate the market with
the highest CAGR during the forecast period.
Additionally, the end-user segment has been segmented into enterprise user and
individual user. The enterprise user segment is expected to dominate in 2017, and
the individual user segment was valued with the higher CAGR during the assessment
period.
Furthermore, the enterprise user is globally categorized into different verticals that
include BFSI, healthcare, media and entertainment, IT & telecom, government,
education and research, and others.
Regional Analysis
Geographically, the file sharing software market has been categorized into North America,
Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
North America is leading the file sharing software market. The market growth is attributed to
the rising number of BYOD users, adoption of cloud technology, and the need for transferring
and sharing data quickly. Various mergers, partnerships, and collaborations take place in the
US market, making it significantly dynamic. Few instances include Dropbox Inc.’s strategic
partnership with Zoom Video Communications in October 2018 and the partnership between
Dropbox and Salesforce for business expansion in March 2018.
Asia-Pacific is presumed to be the fastest growing region in the file sharing software market.
The market growth is attributed to a surge in the number of enterprises adopting BYOD.
Furthermore, China is one of the major revenue generating countries in the Asia-Pacific file
sharing software market. Although there is a penetration of foreign file sharing platform
providers in the country, the local people mainly adopt the local file sharing platform to share
files. The top local file sharing software includes Baidu cloud, WeChat, Wetransfer, NiHao
Cloud, and Nutstore Shanghai Yicun Network Technology Co., Ltd
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