EFSS Market Report: Trends, Forecast and Competitive Analysis to 2030

EFSS Trends and Forecast

The future of the global EFSS market looks promising with opportunities in the cloud virtualization, enterprise content management system, enterprise mobility, enterprise storage and backup, and enterprise document management markets. The global EFSS market is expected to reach an estimated $34.1 billion by 2030 with a CAGR of 23.0% from 2024 to 2030. The major drivers for this market are growing worries about company data security and privacy, broad use of cloud computing technologies to reduce running expenses, and rising levels of disposable income and massive R&D (research and development) endeavors.

A more than 150-page report is developed to help in your business decisions.

EFSS by Segment

The study includes a forecast for the global EFSS by service, application, deployment model, and region.

EFSS Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• Managed Services
• Professional Services

EFSS Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Cloud Virtualization
• Enterprise Content Management System
• Enterprise Mobility
• Enterprise Storage and Backup
• Enterprise Document Management
• Others

EFSS Market by Deployment Model [Shipment Analysis by Value from 2018 to 2030]:

• Private Cloud
• Public Cloud
• Hybrid Cloud

EFSS Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of EFSS Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies EFSS companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the EFSS companies profiled in this report include-

• Box
• Citrix Systems
• Dropbox
• Microsoft
• Google
• IBM
• Egnyte
• Acronis
• OpenText
• BlackBerry

EFSS Market Insights

Lucintel forecasts that managed services is expected to witness the higher growth over the forecast period due to avoiding cloud-based services and security lapses, their clients renew their subscriptions year after year, as well as, managed service providers gain access to exclusive partner pricing.

Within this market, cloud virtualization will remain the largest segment due to permits businesses to use resources in an optical manner, allowing them to adopt virtualization technology more quickly to expedite business processes.

North America will remain the largest region over the forecast period due to growing use of emerging technologies as a result of the country's stable economy, digitization, automated workflow systems in smes, robust government programs, and ongoing projects.

Features of the Global EFSS Market

Market Size Estimates: EFSS market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: EFSS market size by service, application, deployment model, and region in terms of value ($B).

Regional Analysis: EFSS market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different service, application, deployment model, and regions for the EFSS market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the EFSS market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the EFSS market size?

Answer: The global EFSS market is expected to reach an estimated $34.1 billion by 2030.

Q2. What is the growth forecast for EFSS market?

Answer: The global EFSS market is expected to grow with a CAGR of 23.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the EFSS market?

Answer: The major drivers for this market are growing worries about company data security and privacy, broad use of cloud computing technologies to reduce running expenses and rising levels of disposable income and massive R&D (research and development) endeavors.

Q4. What are the major segments for EFSS market?

Answer: The future of the EFSS market looks promising with opportunities in the cloud virtualization, enterprise content management system, enterprise mobility, enterprise storage and backup, and enterprise document management markets.

Q5. Who are the key EFSS market companies?

Answer: Some of the key EFSS companies are as follows:

• Box
• Citrix Systems
• Dropbox
• Microsoft
• Google
• IBM
• Egnyte
• Acronis
• OpenText
• BlackBerry

Q6. Which EFSS market segment will be the largest in future?

Answer: Lucintel forecasts that managed services is expected to witness the higher growth over the forecast period due to avoiding cloud-based services and security lapses, their clients renew their subscriptions year after year, as well as, managed service providers gain access to exclusive partner pricing.

Q7. In EFSS market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing use of emerging technologies as a result of the country's stable economy, digitization, automated workflow systems in smes, robust government programs, and ongoing projects.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the EFSS market by service (managed services and professional services), application (cloud virtualization, enterprise content management system, enterprise mobility, enterprise storage and backup, enterprise document management, and others), deployment model (private cloud, public cloud, and hybrid cloud), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?