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File Sharing Software Market Analysis and Review 2020-2030 | Market Research Future
File Sharing Software Market Research Report Information - By Type (Client-Server, Peer to Peer), By Deployment Mode (Cloud), By End-user (Enterprises and Individual), By Vertical (Government, Healthcare, Media and Entertainment)

As per Market Research Future (MRFR), the global file sharing software market is expected to reach USD 9,891.3 million with a CAGR of 24.8% from 2020 to 2030 (forecast period). The report shows the business opportunities and the market implications that arose as a result of the COVID-19 pandemic.

Market Dynamics

The need for seamless and quick file transfer anytime and anywhere has led to the development of file sharing software. Alternatives for file transfer are emails, pen drives, hard disks, and tapes. File sharing software is favored over emails as the latter has drawbacks such as file size limits. Similarly, pen drives, hard disks, and tapes are inconvenient, as they require the sender/receiver to move physically from one place to the other. As a result, the high availability of bandwidth (3G/4G/5G), the rapid growth of network infrastructure, the development of data centers, and the demand for live data/file sharing have contributed to the development of file sharing platforms. In addition, the growth in the adoption of cloud technologies and the rising penetration of the Internet have provided individuals and companies with a convenient platform to immediately transfer and store files safely.

The market for file sharing software is growing due to advances in digital technology. Data can be transferred or shared easily, regardless of time and place. Industry 4.0 revolution, along with 5G technology, further promotes technological advancements. Cloud computing is a major opportunity for this market, as different economies in the world are currently leaning towards this technology. Cloud provides ease and efficient sharing and synchronizing of files, as well as storage. Enterprises from different verticals as well as individual users use the cloud to store and share files across the globe. In addition, the file sharing software also provides a platform for employees; the market is expected to expand at a significant pace. The high cost of enterprise file sharing software solutions and data security issues due to the presence of third-party vendors are the limiting factors for this market.

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Market Segmentation

The global market for file sharing software has been segmented based on type, services, professional services, deployment mode, and end-user.

By type, the global file sharing software market has been segmented into system native, client-server, peer-to-peer, and others. The client-server segment held the largest market share in 2017, and the peer-to-peer segment is anticipated to be the second-largest market during the assessment period.

By services, the global file sharing software market has been segmented into professional services and managed services. 

By professional services, the global file sharing software market has been segmented into integration and deployment services, support & maintenance services, and consulting services.

By deployment mode, the global file sharing software market has been segmented into cloud and on-premises. The cloud segment is projected to be the larger one and the faster-growing segment during the forecast period.

By end-user, the global file sharing software market has been segmented into individual users and enterprises user. Enterprise user is further segmented into BFSI, healthcare, IT & telecom, education and research, media and entertainment, government, and others. The enterprise user segment accounted for the broader market share in 2017, and the individual user segment was valued with a higher CAGR during the projected period.

Regional Analysis

Region-wise. the global file sharing software market has been segmented into the Asia Pacific, North America, Europe, Middle East & Africa, and South America.

North America led the market for file sharing software in 2017, while Asia Pacific is projected to be the fastest-growing region in the market for file sharing software with the highest CAGR in the forecast period. Europe is expected to be second in the market for file sharing software during the forecast period. For this study, the North American region has been divided into three countries: The United States, Canada, and Mexico. According to the MRFR report, the US is projected to have the largest market share, followed by Canada and Mexico. Some of the factors responsible for the market growth include the advancement of digital technologies with a growing need for online file sharing as well as the increasing adoption of BYOD across industry verticals.

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Key Players

Notable players in the global file sharing software market are Google (US), Dropbox (US), ownCloud GmbH (Germany), Microsoft Corporation (US), Box (US), Citrix Systems, Inc. (US), Intralinks Holdings, Inc. (US), Huddle (UK), Tresorit (Switzerland), Open Drive (US), Onehub (US), IBM Corporation (US), SecureDocs, Inc. (US), Droplr (US), and WeTransfer (Netherlands).

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