Market Highlights

The global file sharing market is predicted to grow rapidly as a result of technological developments like the introduction of secure cloud technologies, 5G, and Industry 4.0. Many companies and individuals are transitioning to the cloud. Cloud-based deployment allows for quick access and file sharing across platforms and locations. The limiting factors such as data theft, security concerns, and privacy have been reduced due to these advancements. Hardware crashing of a computer system seems to be risky for users, and, thus, data/files are shared over the Internet for safekeeping.

Market Research Future (MRFR) projects the global file sharing market to hit USD 18.33 Billion  at a CAGR of 27.19% from 2020–2030

For example, Box estimated a USD 45 billion market opportunity for file sync-and-share in 2017. The major factors of this growth are an increase in users, data, and applications. Simultaneously, significant cost reductions in computing, networking, and storage have aided in the introduction of cloud-based solutions. Demand for cloud-enabled, mobility-optimized enterprise file sync-and-share and scalable, secure content collaboration capabilities is expected to grow rapidly in the coming years. As a result, advancements in digital technology are expected to drive the growth of the global file sharing market during the forecast period.

COVID-19 has compelled many companies to digitally transform their workplaces and education to operate effectively. To stay ahead of the competition, companies rely on emerging technologies like cloud, AI, and IoT to advance and reconsider their business model for the future by speeding up digital transformation. Many companies that were previously resistant to the idea of a distributed workforce have been forced to operate from home in order to complete work while mitigating the spread of the virus.

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Segmentation:

The global file sharing industry has been segmented into type, deployment, services, end-user, and vertical.

By type, the global file sharing market has been segmented into system native, peer-to-peer, client-server, and others.

Based on deployment, the global file sharing market has been segmented into cloud and on-premises.

Based on services, the global file sharing market has been segmented into managed service and professional service.

By end-users, the global file sharing market has been segmented into individual users, enterprise users, and government.

Based on vertical, the global file sharing market has been segmented into BFSI, healthcare, IT & telecommunication, education & research, media & entertainment, and others.

Regional Analysis

By region, the global file sharing industry has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

The Asia Pacific region is a major market for file sharing software. China, Japan, and India are among the emerging and potential countries in the regional market. These countries are making significant advances in digitization, which is creating new opportunities for file sharing software vendors.

Competitive Landscape

The global file sharing market is projected to experience a high level of competition owing to the growing concentration of vendors. Google Inc., Microsoft Corporation, Dropbox Inc., Citrix File Share Inc., and IBM Corporation hold a sizable portion of the market. In order to achieve a larger market share, these companies focus on offering differentiated products. Because of these factors, competition among emerging players is fierce and is expected to remain so during the evaluation period. As a result, the level of competition is projected to be strong during the forecast period.

Notable players active in the global file sharing market are IBM Corporation (US), Alphabet Inc. (US), Microsoft Corporation (US), Owncloud GmbH (Germany), DropBox (US), BOX (US), Huddle (UK), Citrix Systems Inc. (US), Intralinks Holdings Inc. (US), Securedocs Inc. (US), Opendrive (US), Tresorit (Hungary), Onehub (US), Droplr (US), Wetransfer (Netherlands).

Industry News

In October 2020, IBM announced its partnership with Simple Cloud, a leading cloud-based platform for digital content production and management. The aim of this partnership was to improve SimpleCloud's cloud services. SimpleCloud uses IBM's Aspera for high-speed file and data sharing.

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File Sharing Market Research Report: Information By Type (System Native, Client Server, Peer-To-Peer and Others), Deployment (Cloud and On-Premise), Services (Managed Services and Professional Services), End-User (Enterprise, Individual and Government), Vertical (BFSI, Healthcare, IT & Telecommunication, Education & Research, Media & Entertainment and Others) - Forecast till 2027

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