![]() North America Expected to Dominate the Global Enterprise File Synchronization and Sharing (EFSS) Market The user experience may also be affected by unstable network transmissions at some places and this would limit the reach of cloud based services including cloud-based and hybrid services/solutions in the affected regions. Constant Security Concerns and Network Issues Restricting Market Growth Cloud Security and Network Transmission IssuesĮnterprise file synchronization and sharing (EFSS) models rely heavily on cloud services and are susceptible to service impairment or control loss, data leakage, service loss including service interruption, or in worse cases, monetary loss. Labor cost is one of the major costs which needs to be paid by organizations to maintain, manage, and validate the files. Enterprise file synchronization and sharing (EFSS) eliminates manual work and reduces the labor cost. Financial institutions, retail enterprises, and many other industries are eliminating manual operational work and shifting the workflow on to the software. Organizations are increasingly seeking to reduce the operational cost to survive in this competitive environment. Increasing Need to Reduce Operational Cost Adoption of automation by SMEs in the workflow process is expected to drive the growth of the enterprise file synchronization and sharing (EFSS) market. Thus, adoption of enterprise file synchronization and sharing (EFSS) has also increased globally. Majority of SMEs within the U.S have integrated or are looking to integrate their work flow with automation to gain operational efficiency. Overall, 90%-95% of total enterprises are small & medium in size while only 5%-10% are large. Global Enterprise File Synchronization and Sharing (EFSS) Market – Dynamics Increasing Adoption of Automation & Digitization by SMEsīoth large enterprises as well as small & medium enterprises are extensively adopting digitization, smart technologies, and automation. Global Enterprise File Synchronization and Sharing (EFSS) Market: IntroductionĮnterprise file synchronization and sharing are software services which help to securely synchronize and share documents, photos, videos, and files from multiple devices with employees, and external customers and partners.
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