Global File Sharing Software Market

 Global file sharing software market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 24.8% during the forecast period.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Market Definition
File sharing is the method of sharing private or public data on a network with numerous levels of access privilege. File sharing software is a sharing application thatexecutes or carries outtasks such as receiving and sending files and collaboration among users using a local network or the Internet.

Market Dynamics
An increasing number of remote workers, a rising transition towards the digital file-sharing platforms over physical sharing platforms and a surge in the adoption of cloud-based service in an enterprise are major driving factors behind the growth of the market. Growing globalization, rising implementation of file sharing policies to avoid data security risks, andrising adoption of file-sharing software in various enterprises for sending and receiving electronic documents or files to improve collaboration and productivity of their business are expected to improve the growth of the marketduring the forecast period. File sharing software provides some benefits such as improved accessibility, timesaving, reduced costs, and recovery of lost files which are ultimately propelling the growth of the market.

However, security and privacy concerns, risks of malware infection, data redundancy, and data inconsistency are major restraining factors that could hamper the growth of the market.

Global File Sharing Software Market: COVID- 19 Pandemic Impacts
Globally, most of the countries such as the US, India, Canada, France, Spain, Italy, and many others are affected by COVID-19 outbreak, and numbers of COVID-19 confirmed cases are increasing every day. As of 17 July 2020, nearly 13,575,158 confirmed cases of COVID- 19 are there in the world. To avoid this spreading of the pandemic, the governments of these most affected countries have announced lockdown. Also almost all private and public enterprises have started Work from Home (WFH) policies by ensuringthe safety of their employees along with the continuity of their business. Thus, increasing the need to transfer confidential data or file over the internet most effectively and quickly, many enterprises are adopting various secured file-sharing software tools, which is steadily driving the growth market during the pandemic.

Global File Sharing Software Market: Segmentation Analysis
By type, cloud-based file sharing segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during the forecast period.Cloud-based file sharing platform is the most widely used platform as it provides more convenience and other advanced features whichare required by today’smodern businesses. This software allows users to create folders, to send and receive files and it enables the collaborationbetween the employeesanywhere,anytime.Growing adoption of cloud-based file-sharing software by enterprises and individuals is attributed to the growth of the market.Google Drive and Dropbox are examples of cloud-based file-sharing software.

Dropbox- Dropbox is the powerful sharing,collaboration, and storagesoftware tool in the market today. According to research, it is found that, there are above 150,000 business enterprises use Dropbox Business file-sharing software and it is most ideal for the small and medium-sized enterprises because of its ease of use. Furthermore,this software provides benefits such as dedicated live support, generous storage space, and enhanced security.
Google Drive- Google Drive is another most popular file sharing and file storage platform that allows users to access and store files anywhere on any device which are connected to the Internet. As of July 2018, around 1 Bn active users of Google Drive are there across the globe.

Global File Sharing Software Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to continue its dominance at CAGR of XX% during the forecast period. The US and Canada are major key contributors to the growth of the market. The growth is attributed to the massive presence of leading file sharing software providers across the region. Rising adoption of work from home policies by various enterprises results in the increasing demandfor advanced file sharing tools in the global market. Growing technological advancements, rising requirements of highly secured file-sharing software tools, and rising adoption of advanced software tools by various enterprises is further driving the growth of the market in the region.
The objective of the report is to present a comprehensive analysis of the Global File Sharing Software Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global File Sharing Software Market dynamics, structure by analyzing the market segments and projects the Global File Sharing Software Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global File Sharing Software Market make the report investor’s guide.

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The Scope of Global File Sharing Software Market

Global File Sharing Software Market, By Type

• Client Server
• Peer to Peer
• Cloud-based
• System-native
• Others
Global File Sharing Software Market, By Industry

• IT & Telecom
• Government
• Healthcare
• Media and Entertainment
• Others
Global File Sharing Software Market, By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Global File Sharing Software Market, Key Players

• Google
• Dropbox
• Microsoft Corporation
• Box
• Citrix Systems, Inc
• ownCloud GmbH
• Intralinks Holdings, Inc
• Huddle
• Tresorit
• Onehub
• IBM Corporation
• SecureDocs, Inc
• Open Drive
• Droplr
• WeTransfer

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