About File Storage and Sharing Software
File storage and sharing software enable companies to securely share and store photos, documents, videos, and files from multiple sources with its customers, partners, and employees. Such software are utilized by companies to prevent the use of file sharing applications by illegitimate users. File storage and sharing software allow the transfer of large files, support multiple file extensions, schedule automated file transfers from repositories, audit file activities, and also protect stored files. Due to growing number of organization the market of file storage and sharing software is increasing.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is consolidated, with a few leading players. Key companies are indulging in various strategies to expand. Those include product launch, and mergers and acquisitions. The players are working hard to expand their reach and increase their consumer base all over the globe. 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.
Monday (United States), Zoho (India), Bitrix (United States), VeryConnect (United Kingdom), FileInvite (New Zealand), Dropbox (United States), Slack (Canada), Google Drive (United States), Microsoft OneDrive (United States) and OpenText (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Samepage, Citrix Systems, WeTransfer, Droplr, ShareVault, Rabbitsoft and Synology.
Segmentation Overview
AMA Research has segmented the market of Global File Storage and Sharing Software market by , Application (IT & Telecommunication, Retail, BFSI, Education, Media and Entertainment, Government and Others) and Region.
On the basis of geography, the market of File Storage and Sharing 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 Mode, the sub-segment i.e. Cloud Based will boost the File Storage and Sharing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components, the sub-segment i.e. Software will boost the File Storage and Sharing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Large Enterprises will boost the File Storage and Sharing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Consumer Use will boost the File Storage and Sharing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of cloud based solutions and Growing technological advancement in software
Market Growth Drivers:
Growing digitization in workplace and Increasing emphasis of business on the security aspects of corporate data
Challenges:
Security concern and data privacy issue and Problem on selecting correct software due to growing market competition
Restraints:
High cost associated with the software solution
Opportunities:
Increasing collaboration between enterprise and employees and Emerging potential markets
Market Leaders and their expansionary development strategies
In March 2022, Files.com acquired ExaVault, a cloud file transfer vendor for SMB and mid-market businesses, instantly creating the largest cloud-native SaaS file transfer and automation platform, with over 6,500 active business-to-business (B2B) customers in the combined business.
In July 2023, Digital file sharing and cloud storage service provider DigiBoxx announced the launch of a new data storage solution for corporates and individuals.
Key Target Audience
File Storage and Sharing Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors 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.