BYOD, Cloud To Drive File Sync And Sharing Market
With the rise in the number of mobile workforce today, the enterprise file sync and sharing market is on a rise. An IDC report estimates this market to touch $2.3 billion, growing at a CAGR of over 23 percent from 2013 through 2018.
The overall FSS market grew 114 percent in 2013 to $805 million, while use in the workplace was significantly faster than last year’s forecast of 72 percent growth.
The top five vendors in the overall market — Apple, Box, Citrix, Dropbox, and Microsoft - accounted for 73.3 percent market revenue in 2013.
While traditional means of sharing files are breaking down, email attachments, content management systems, copies on user devices, in backups, and on file servers are leading to inefficient storage and network utilization owing to massive content duplication and high cost for storage, backup, and data management.
With the rise in BYOD, employees would want to see work data on multiple devices and getting work data onto a smartphone or tablet would require a user to use file-sharing techniques to get that data where they want it. This limitation of the old methods has led to the popularity of consumer cloud-based file sync and share tools like DropBox.
The healthy growth rate through 2018 will continue to be driven by the shift to cloud, mobile use of FSS, and the ability to share and collaborate with others effectively, says IDC.
According to the research firm, many of the vendors in the FSS market offer FSS as a free service, causing adoption among consumers at home and in the workplace to be heavily underrepresented by revenue.
“File sync and share is being approached from a number of different market polarities to meet a wide variety of business challenges,” said Vanessa Thompson, Research Director, Enterprise Social Networks and Collaborative Technologies.
“The file synchronization and sharing market is rapidly commoditising. Over time, bundled vendor products and offerings will start to serve a variety of specialised market needs alongside pure play file sync and share products.”
IDC estimates that roughly half of US enterprises with more than 1,000 employees either formally or informally adopted FSS by the end of 2013.
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