In addition to the digital workplace trend, businesses are increasingly embracing the mobile workforce trend, which is being fuelled by the spread of smartphones among the workforce. n addition, the digital workplace improves staff collaboration and productivity, improves business decision-making, expands customer reach via social media, successfully engages customers, and generates more income. Businesses have embraced the digital workplace trend to deal with new business operations and innovative technologies. Market Growth Factors: Digital workplace and mobile workforce are on the riseīy reinventing work culture, group cooperation, and legacy business systems, the digital workplace has rejuvenated companies' business processes. Moreover, rising digital workplace and mobile workforce trends have been the driving drivers during the pandemic period. In addition, even organizations that are opposed to the concept of a distributed workforce have been obliged to allow employees to work from home so that work can be completed even during the stringent lockdown guidelines. Companies who rely on modern technologies like cloud, AI, and IoT to rethink their business model for the future by accelerating digital transformation would remain competitive. However, a significant cost of EFSS systems is likely to hamper the growth of the industry in the coming years.ĬOVID-19 prompted many businesses and educational institutions to digitally transform their workplaces and educational institutions in order to operate effectively. As a result, many vendors in the market offering EFSS solutions have emerged.įactors such as growth in the number of digital workplaces and mobile workforces, an increase in employee & corporate collaboration and strict government restrictions, and companies’ focus on security elements of corporate data would fuel the growth of the industry during the forecasting period. It is quite difficult for an organization or institution to develop a solution that supports all of these platforms. In contrast, the operating systems utilized by their staff on mobile devices like tablets and smartphones are Android and iOS. An enterprise workstation, for example, is likely to run Windows, Mac OS, or Linux. Additionally, these technologies are used by businesses to help employees avoid utilizing consumer-based file sharing applications and software to store, access, and manage data. Moreover, some of the prominent growth catalysts for the market are increased security and privacy concerns, as well as a significant change in businesses from traditional file-sharing methods to digital methods.Įnterprise file synchronization and sharing refer to a software solution that allows businesses to securely synchronize and share documents, photographs, videos, and files. In addition, to aid users in storing, reviewing, editing, and sharing files, EFSS services incorporate features such as live document version tracking, commenting, and workflow process management.Įmployees can perform collaboration, communications, and content management responsibilities with the help of enterprise file-sharing technologies, which provide an integrated framework. The Global Enterprise File Synchronization and Sharing (EFSS) Market size is expected to reach $25.8 billion by 2027, rising at a market growth of 26.7% CAGR during the forecast period.Įnterprise file synchronization and sharing (EFSS) can be defined as a service that allows users to save files like images, documents, and videos in the cloud or on-premises storage and subsequently access them from multiple computers.
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