Global Enterprise File Synchronization and Sharing Market Size, Forecast, and Trend Highlights Over 2025-2037
Enterprise File Synchronization & Sharing (EFSS) Market size was valued at USD 11.87 billion in 2024 and is poised to reach USD 229.78 billion by the end of 2037, registering a CAGR of 25.6% between 2025 and 2037. In 2025, the industry size of EFSS is estimated at USD 14.45 billion.
A major factor impacting the growth of the EFSS market is the heightened digital transformation across the world, along with the surge in cybersecurity concerns pushing enterprises to move from traditional file sharing to digital sharing. The table below highlights key trends impacting the sector’s growth.
|
Indicator |
2024 Data |
|
Enterprise SaaS Spend/Employee |
$4,840 (+21.8% YoY) |
|
Data Localization |
50+ countries with active/localization laws |
|
Remote Workforce – Global |
~41% remote; NA: 45.5%, EU: 43.5% |
In 2023, the U.S. Bureau of Economic Analysis highlighted that software investment accounted for around 25.0% of nonresidential fixed investment, leading to a 19% increase compared to previous estimates. The adjustment is a part of the broader SaaS enterprise spending trends, integral to EFSS platforms. Additionally, the figures showcase the heightened importance of software investments, boding well for the future of EFSS solutions in devising long-term IT strategies.
 Market Size.webp)
Enterprise File Synchronization & Sharing Sector: Growth Drivers and Challenges
Growth Drivers
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Expansion of remote work, bolstering demand for EFSS solutions: A major contributing factor to the enterprise file synchronization & sharing (EFSS) market growth is the shift towards the requirement for secure as well as efficient file-sharing platforms. As per the U.S. Census Bureau, the number of people working remotely increased to over 21 million in 2023 from 8.5 million in 2019. The estimate highlights that the pre-pandemic figures have more than doubled, which drives the demand for EFSS solutions. In addition, the remote work is not a trend limited to the U.S. alone, but globally, the percentage has risen after the pandemic. This trend is poised to ensure sustained demand for EFSS solutions, driving the sector’s growth.
- Escalating cybersecurity and compliance requirements: Due to a rapid increase in cybersecurity threats, the enterprise file synchronization & sharing (EFSS) market is slated to exhibit robust growth throughout the forecast timeline. Notably, in 2023, the MOVEit data breach exploited key vulnerabilities in file transfer software, which led to a data compromise of more than 2500 organizations and exposed more than 93.0 million individuals’ information. In a similar incident, PowerSchool, which is serving more than 70% of the U.S. school districts, experienced a ransomware attack in December 2024, causing theft of sensitive data. Such incidents create a heightened requirement for EFSS solutions, with Kaspersky reporting around 890 million phishing attacks in 2024 alone. The table below highlights major cybersecurity cases, which are poised to ensure sustained demand for secure file-sharing solutions.
|
Company |
Attack Type |
Year |
Financial/Operational Impact |
|
PowerSchool |
Ransomware |
2024 |
Ransom paid; data exfiltration affecting U.S. school districts |
|
MOVEit (Progress Software) |
Software vulnerability |
2023 |
92.0 million individuals’ data exposed; 2,500+ orgs breached |
|
Kadokawa / Niconico |
Phishing → Ransomware |
2024 |
253,241 records leaked; 21% stock price drop |
|
Marks & Spencer |
Social engineering |
2024 |
IT access compromised; nationwide online operations disrupted |
|
Edinburgh Education Dept. |
Spear-phishing |
2024 |
2,550+ students impacted; exam preparations disrupted |
Global EFSS Pricing Trends (2020–2024)
Over the past five years, the EFSS market has experienced considerable pricing fluctuations influenced by regional developments and technological advancements. In North America, the average annual price per user highlighted a decrease from USD 170.5 in 2020 to USD 150.2 in 2024. Similar changes were exhibited in Europe and the Asia Pacific, highlighted in the table below.
EFSS Platform Average Annual Price per User (2020–2024)
|
Region |
2020 |
2021 |
2022 |
2023 |
2024 |
Annual Change |
|
North America |
$170.5 |
$165.3 |
$160.3 |
$155.2 |
$150.2 |
-3.1% |
|
Europe |
$160.4 |
$164.2 |
$168.9 |
$172.3 |
$175.4 |
+2.2% |
|
Asia-Pacific |
$140.6 |
$145.6 |
$150.4 |
$158.7 |
$165.5 |
+4.1% |
Challenges
-
Data sovereignty complexities: A significant challenge in the EFSS sector is the variance in data residency laws across multiple regions. Some of such data residency laws are the European Union’s General Data Protection Regulation (GDPR), Canada’s PIPEDA, and Brazil’s LGPD. In 2024, the U.S. National Institute of Standards and Technology released a report that more than 40% of surveyed cloud service providers in the U.S. faced a barrier in scaling up due to data localization constraints.
- Lack of interoperability between EFSS and legacy on-premise systems: In emerging economies and government entities, the phasing out of legacy platforms has been comparatively slow. This creates a hurdle in the integration of EFSS solutions. Legacy systems often lack secure gateways that can facilitate seamless file synchronization, creating vulnerabilities to security. Additionally, the Office of the National Coordinator of Health reported in 2023 that more than 50% of healthcare providers in the U.S. faced challenges in implementing secure EFSS solutions due to the risk of inconsistency in data access.
Enterprise File Synchronization and Sharing Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
25.6% |
|
Base Year Market Size (2024) |
USD 11.87 billion |
|
Forecast Year Market Size (2037) |
USD 229.78 billion |
|
Regional Scope |
|
EFSS Segmentation
Deployment (Cloud Storage, Private Cloud, Public Cloud, Hybrid Cloud, On-Premises Storage)
The cloud storage segment is estimated to hold a leading revenue share of over 35.4% in the enterprise file synchronization & sharing (EFSS) market . A major contributing factor to the sector’s growth is the ongoing digital transformation across industries, especially in the space of cloud computing. The digital transformation has ensured the adoption of cloud-based storage solutions. As per a 2024 report from the NIST, more than 68% of enterprises are poised to migrate their data to cloud infrastructure by the end of 2026. The move is predicted as enterprises scale up their efforts to bolster security along with scalability. By the end of 2023, major organizations such as AWS and Microsoft had reported a steady growth in cloud storage adoption, creating profitable opportunities converging with the EFSS platform sector.
Application (Enterprise Mobility, Cloud Virtualization, Enterprise & Backup, Enterprise Content Management System, Others)
The enterprise mobility segment in enterprise file synchronization & sharing (EFSS) market is poised to register a rapid expansion throughout the forecast timeline. The segment is slated to hold a 27.5% revenue share by the end of 2037. As per a 2023 report by the National Cybersecurity Alliance (NCSA), more than 75% of employees in industries such as healthcare, retail, and BFSI are leveraging mobile devices for work-related tasks. The expanding access to enterprise data has ensured a rise in demand for secure file synchronization, bolstering the demand for EFSS solutions. For instance, in 2024, a leading U.S. healthcare provider implemented EFSS solutions to secure patient record sharing across multiple devices, whilst maintaining compliance with HIPAA.
Another supporting factor of the segment’s growth is the rising prevalence of multi-factor authentication (MFA), remote wipe capabilities, and data loss prevention (DLP) integrated with EFSS platforms for enterprise mobility use cases. The success has ensured that enterprise mobility emerges as a promising segment within the EFSS market.
Our in-depth analysis of the enterprise file synchronization and sharing market includes the following segments:
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Deployment |
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Application |
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Operation Size |
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End user |
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Customize this ReportEnterprise File Synchronization & Sharing (EFSS) Platform Industry - Regional Synopsis
North America Market Forecast
The North America enterprise file synchronization and sharing market held a 38.7% revenue share by the end of 2037. The market’s expansion is attributed to a well-established cloud infrastructure. Additionally, the region has stringent data protection laws, such as Canada’s PIPEDA and CCPA (California Consumer Privacy Act), requiring improvements in file-sharing solutions. In 2024, the U.S. federal funding for digital modernization highlighted more than USD 2 billion in cybersecurity spending by the end of 2024, which directly benefits the deployment of EFSS platforms across multiple sectors, ranging from BFSI to healthcare. With the complexity of cybersecurity increasing, the regional market is poised to maintain a leading demand for EFSS solutions throughout the forecast timeline.
The U.S. enterprise file synchronization & sharing (EFSS) market is projected to expand its revenue share by the end of 2037. The market benefits from the proactive integration of digital solutions across multiple enterprises, creating a sustained demand for EFSS solutions. Additionally, the supportive government regulations in the U.S. boost the enterprise file synchronization and sharing market growth. Two such regulatory practices are the Digital Government Strategy, the Federal Cloud Computing Strategy (FedRAMP), and the modernization mandates pushed by Executive Order 14028 in May 2021. Lastly, with over 85% of enterprises in the U.S. moving critical workload to the cloud by 2023, the demand for EFSS solutions is expected to further proliferate across workspaces.
APAC Market Forecast
The APAC enterprise file synchronization and sharing market is poised to register the fastest revenue share of 24.4% throughout the forecast period. A major driver of the regional market is poised to be a surging demand from SMEs. Two major initiatives within the region are the Digital India initiative and the Cloud Computing Development Plan of China, which has bolstered the deployment of EFSS platforms. For instance, the Open Government Data (OGD) highlights that more than 70% of enterprises in India have implemented cloud-based document sharing platforms between 2022 to 2024. Lastly, the region has some of the highest densities of mobile users, creating the demand for secure file-sharing solutions.
The China EFSS market is slated to exhibit sustained growth during the anticipated timeline. Two recent laws in China impact the sector’s growth curve, i.e., the Data Security Law of 2021 and the Personal Information Protection Law (PIPL) in 2022. These laws mandate companies to adopt local, secure EFSS solutions. Additionally, as per the Cyberspace Administration of China, the demand for localized EFSS vendors is increasing due to the compliance requirement with cross-border data transfer laws. The enterprise file synchronization and sharing market in China is also poised to benefit from the 14th 5-year plan (2021-2025) that stimulated demand for EFSS tools that can support data collaboration between the burgeoning tech and manufacturing sectors.
 Market Share.webp)
Companies Dominating the Enterprise File Synchronization & Sharing (EFSS) Platform Market
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The enterprise file synchronization and sharing market is led by technology giants such as Microsoft, Dropbox, Google, Citrix, etc. These companies are leveraging integrated productivity suites to offer EFSS solutions against the backdrop of heightened demand. Strategic initiatives impacting the market include Microsoft’s integration of AI capabilities into OneDrive and Box’s partnership with Google Cloud. Additionally, firms such as Acronis and Nextcloud are emphasizing data sovereignty to comply with regulations such as GDPR. The table below highlights the major players in the enterprise file synchronization & sharing (EFSS) market .
|
Company Name |
Country |
2024 Revenue Share (%) |
|
Microsoft Corporation |
United States |
12.3 |
|
Dropbox, Inc. |
United States |
8.0 |
|
Box, Inc. |
United States |
7.3 |
|
Google LLC |
United States |
6.2 |
|
Citrix Systems, Inc. |
United States |
5.8 |
|
IBM Corporation |
United States |
xx |
|
OpenText Corporation |
Canada |
xx |
|
Acronis International GmbH |
Switzerland |
xx |
|
Egnyte, Inc. |
United States |
xx |
|
Syncplicity LLC (Axway) |
United States |
xx |
|
CTERA Networks Ltd. |
Israel |
xx |
|
Thru, Inc. |
United States |
xx |
|
Nextcloud GmbH |
Germany |
xx |
|
Northbridge Secure Systems |
Australia |
xx |
|
Inspire-Tech Pte Ltd. |
Singapore |
xx |
|
Fujitsu Limited |
Japan |
xx |
|
Hitachi, Ltd. |
Japan |
xx |
|
NTT Data Corporation |
Japan |
xx |
|
NEC Corporation |
Japan |
xx |
|
Ricoh Company, Ltd. |
Japan |
xx |
Given below are the areas covered for each company in the EFSS:
In the News
- In May 2024, Box, Inc., introduced AI-driven features into its EFSS platform. Through the new solution, Box reported a more than 10% increase in enterprise subscriptions in Q2 2024.
- In April 2024, Microsoft announced major improvements to its popular OneDrive platform. The advancements focused on improved collaboration tools and integration with Microsoft 365. The updates are poised to improve the user experience in file synchronization.
Author Credits: Abhishek Verma
- Report ID: 686
- Published Date: Jun 05, 2025
- Report Format: PDF, PPT
