About File Sharing and Document Management Software
Document management is an integral part of any organization. In today’s time due to growing awareness about environmental concerns, many companies are moving towards paperless work. This has increased the need for advanced technology to store and share important documents. It eliminates the hassles of storing physical files and also reduced the time taken for searching any files or documents. Emerging cloud-based software has increased the adoption of file sharing and document management software in SMEs due to its easy installation, low cost, and less risk of data loss.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global File Sharing and Document Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Droplr Inc. (United States), Google (United States), Dropbox (United States), Citrix Systems (United States), 1S-Bitriks (Russia), Alfresco Software, Inc. (United States), Wrike, Inc. (United States), Zoho Corporation (India), LogicalDOC (United States) and Synology Inc. (Taiwan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global File Sharing and Document Management Software market by Type (Web-based and Mobile Apps), Application (Personal and Commercial) and Region.
On the basis of geography, the market of File Sharing and Document Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. Cloud will boost the File Sharing and Document Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. BFSI will boost the File Sharing and Document Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend of Cloud-based Software and Its Mobile Applications
Market Growth Drivers:
Increasing Demand of Advanced Technological Solutions to Effectively Manage Important Documents and Share It Online and Inclination of People Towards the Paperless Work Due to Growing Digitalization Across the Globe
Challenges:
Lack of Proper Internet Connection or Bandwidth Speeds Can Create Challenges in File Sharing
Restraints:
Increasing Privacy Concern and Security Risk Due to Rising Cyber Attacks
Opportunities:
Government Initiatives Towards the Paperless Work Will Create Huge Demand for the Document Management Software
Market Leaders and their expansionary development strategies
In July 2021, Datasite announced the acquisition of Firmex, a leading virtual data room, and subscription file-sharing provider to expand its business in new markets. Firmex provides secure document-sharing solutions across many different use cases in the lower middle market. The investment of Datasite will help Firmex to expand its growing subscription-based business within the lower middle market.
In March 2023, Dropbox acquired DocSend for 165 USD MN. DocSend is a secure document sharing service that allows users to send each other documents with privacy. This acquisition helped company to strengthened its presence in file sharing and document management software market
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, File Sharing and Document Management Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.