File Sharing Software Market Highlights:
The global file-sharing software market is poised for prolific growth, and Market Research Future (MRFR) anticipates a dynamic CAGR of 24.8% over the forecast period of 2018-2023, in its latest extensive report.

Data sharing is one of the most important tools for enterprises to manage their digital assets and is being increasingly integrated various other software such as CRM, project management, email, and others. The file-sharing software market derives much of its growth from the ubiquitous adoption of cloud-based services. Enterprises of all sizes are making a move towards the cloud to exploit the advantages of easy and efficient sharing and synchronizing of files.

File Sharing Software Market is generally combined with data storage facilities, which are among the top-selling proposition for the market. More than seventy percent of consumers use at least one online file sharing and storage solutions, as per various surveys.

The augmented incidence rate of cyberattacks has boosted the growth of the file-sharing software market. Enterprises are subject to constant threat of data vulnerabilities and are under relentless pressure to securely manage huge amounts of confidential data which spurs the adoption of file sharing software. Moreover, various regulatory mandates also boost the adoption of file sharing software among end users. Key secular trends such as mobility, data growth, and movement to the cloud are also crucial factors substantiating the growth of the market.

Contrarily, the market growth can be impeded by high costs associated with them and risks of data security as it involves third-party vendors.

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

Segmentation:
The global file sharing software market has been segmented based on type, deployment, services, end user, and vertical.
• By type, the file sharing software market has been segmented into system native, client-server, peer-to-peer, and others. The client-server segment is leading the market while the peer-to-peer segment is anticipated to follow the lead over the forecast period.
• By deployment, the file sharing software market has been segmented into cloud and on-premise. The cloud segment is expected to be the largest as well as the fastest growing segment over the forecast period.
• By end-user, the file sharing software market has been segmented into enterprise user and individual user. The enterprise user segment led the market in 2017 and is expected to expand with the same momentum over the forecast period. However, the individual user segment is anticipated to showcase remarkable growth and exceed the enterprise user segment in terms of CAGR over the forecast period.
• By vertical, the file sharing software market has been segmented into BFSI, healthcare, media and entertainment, IT & telecom, government, education and research, and others.

Regional Analysis:
By region, the file sharing software market has been segmented into North America, Rest-of-the-World (RoW), Asia Pacific (APAC), and Europe.

North America is at the forefront of the file sharing software market. A high number of BYOD users, adoption of cloud computing, and high demand for file sharing have spurred the market growth in North America. Moreover, the presence of various key market players who are actively engaging in various strategic moves, such as mergers and acquisition, has augmented the growth of the market. For instance, Dropbox Inc. entered into a strategic partnership with Zoom Video Communications in October 2018.

The APAC file sharing software market is anticipated to be the fastest-growing market over the forecast period. The upsurge in the number of BYOD users and the growing presence of digital file sharing service providers in the region is boding well for the market growth. Moreover, China has an affinity for local file sharing platforms, which further accelerates the growth of the market. idu cloud, WeChat, Wetransfer, NiHao Cloud, and Nutstore Shanghai Yicun Network Technology Co., Ltd., are some of the local file sharing software providers in the region.

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Industry Updates:
April 2019 - Hedge, a checksum-powered file transfer software, announced the acquisition of Postlab, an easy-to-use collaboration solution for Final Cut Pro X.

Intended Audience:
• Storage providers
• Network solutions providers
• Banking Institutions
• Insurance providers
• Research firms
• Software investors
• Software Developers
• IT enablers
• Database solutions
• Cloud service providers
• Telecommunication companies

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