LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global enterprise file sharing and synchronization (EFSS) market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Ishmeet Kaur, lead analyst from Technavio, specializing in research on enterprise application sector, says, “Factors like the increasing employee and customer requirements for remote information access, rising adoption of cloud-based workspace services, and greater acceptance of BYOD policy among organizations are contributing significantly to the growth of the EFSS market.”
The global EFSS market will grow at a CAGR of 20.15% during the forecast period. The continuous growth in the use of smartphones and tablets, BYOD adoption, growing need for team collaboration, and increasing virtualization are the major factors affecting the growth of the market. Enterprises are adopting virtualization to enhance productivity and reduce costs related to hardware upgrades and software license renewals. With the centralization of data storage and computing activities, the dependency on the network has increased. In virtualization, a server is integrated with the computing resources and provides end-users with on-demand access to these resources. The virtualization of IT infrastructure allows employees to share files even from remote locations which enhances employee productivity and collaboration among team members in an enterprise.
Request a sample report: http://www.technavio.com/request-a-sample?report=54472
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top four emerging trends driving the global EFSS market according to Technavio ICT research analysts are:
- Increasing mobile workforce in enterprises
- Transforming traditional workspace into virtual workspace
- Embedding of digital rights management in EFSS solutions
- Increasing integration of EFSS solutions with content-aware data loss prevention solutions
Increasing mobile workforce in enterprises
Employees are becoming more dependent on mobile devices because of the increasing need for a seamless connection between enterprise networks and employees. In 2015, the global mobile workforce was approximately 1.3 billion, and it will reach approximately USD 1.64 billion by 2020. This growth in the mobile workforce is because of the high popularity and acceptance of the BYOD policy among enterprises. The emergence of new mobile technologies such as near-field communication, wearables, and biometric readers also add fuel to the growth. This is transforming the work culture in developing regions such as China, India, Malaysia, and Indonesia, further compelling the organizations to increase their mobile workforce to stay competitive.
Transforming traditional workspace into virtual workspace
Many organizations are focusing on modernizing their IT workspaces to drive technological improvements in the organization and increase productivity. The employees prefer flexible and dynamic workspaces that offer the flexibility to work from any location via the virtual workspace. Therefore, firms are slowly replacing traditional desktop and cabin models with virtualized workspaces that provide flexibility, cost efficiency, and security. The virtualization of the workspace is achieved by separating key elements such as user experience, operating system, management, and configuration from hardware. EFSS solutions help modernize the IT virtual infrastructure so that the user can have a seamless experience with technology.
Embedding of digital rights management in EFSS solutions
The adoption of BYOD increases the need to separate enterprise files from other personal data. For this, the IT teams of enterprises use data containerization, which is an application that isolates sensitive enterprise data in an employee’s personal device and protects it from malware attacks, intruders, and other device applications. However, the chances of leakage of containerized data and loss of data control still prevail. In such cases, digital rights management (DRM) policies are adopted to enhance data security. DRM, when embedded with EFSS, controls each file’s behavior in the employee’s personal device and prevents unauthorized content redistribution. Hence, enterprises are adopting EFSS solutions embedded with DRM to secure their files and data.
Increasing integration of EFSS solutions with content-aware data loss prevention solutions
The trend of integrating EFSS solutions with security content-aware data loss prevention (DLP) solutions is gaining popularity. Content-aware DLP solutions protect enterprises from insider threats and prevent data leakage. The content aware DLP solution read, decipher, and understand contents such as email, documents in Microsoft word and excel formats, and PDF inside files, folders, and programs as well as identify sensitive data and prevent data leakage.
“The DLP vendors provide solutions to help enterprises to create data classification mechanisms and integrate them with an EFSS platform. This integration blocks files that are classified as confidential. The integrated solution notifies the administrator regarding the copying or forwarding of information such as credit card number, transaction details, and project related information,” adds Ishmeet.
The key vendors are as follows:
- Citrix Systems
Browse Related Reports:
- Global IT Asset Management Market 2016-2020
- Global Enterprise Information Management Market 2016-2020
- Global Enterprise Application Integration Market 2016-2020
Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact firstname.lastname@example.org with your requirements and our analysts will be happy to create a customized report just for you.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.