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Press Release / Technology / File Sharing Software Market is expected to reach a 4 USD Billion by Forecast to 2023

File Sharing Software Market is expected to reach a 4 USD Billion by Forecast to 2023

By Market research Future on April 17 2018 | 149 Views

Global File Sharing Software Market, By Type (System Native, Client Server, Peer to Peer. Cloud Based)

Market Highlights:
The file sharing software is a platform for distribution of files (digital media) like document, image, video, audio through different sources and methods like system based, portable storage device, links, cloud based, server based and much more. The market for file sharing system is growing at a significant rate majorly due to the increased growth of cloud based services. A huge number of organizations are moving towards cloud deployment making them easy to access and share files across different platforms and locations. Even though most of the enterprises, both large and medium prefer cloud based file sharing platforms, individual users also tend to use cloud based sharing software but on a lower storage scale. Earlier, the file sharing software was mostly used in peer to peer and client – server basis but due to increased technological advancements, the cloud based file sharing leads the market for File Sharing Software market.
The market for file sharing software expands across various industry verticals say retail, banking, insurance, education, telecom IT and other utilities. The file sharing has been increased as the increased usage of internet and technological advancements in the speed of internet. Most of the enterprises such as retail, insurance and banking are keeping their data over the cloud for easier access and transfer across multiple locations. Another reason for the File Sharing Software Market is due to the compactness of computer systems and the fear of hardware crashing. The files which are to be used are downloaded on to the computer systems, worked upon and again uploaded back either to the server or the cloud.
The market is segmented on the basis of type, application, end – user and region. On the basis of type, it is further segmented as System native, client server, peer to peer and cloud based. Out of these, the market is led by the cloud based services due to its increased usage by enterprises and individuals. However there is also the significant increase in the peer to peer sharing. This is based on the file sharing over a network that adds a level of security to the sharing. Also on the basis of Application, the segmentation is divided into Enterprise and individual. The enterprise is further sub segmented into large enterprises and SME’s. These both enterprises show a large growth in the file sharing software majorly by cloud services. This increase is majorly due to the increased demand of hardware compactness. Storage capabilities are being increased with the decrease in the size of hardware. The cloud based service allows the enterprises to use the file on demand (anytime and at any place) without having its significance on the system.
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Major Key Players:

Citrix ShareFile Inc (U.S.)
SecureDocs, Inc (U.S.)
OpenDrive (U.S.)
Onehub (U.S.)
Droplr, Inc (U.S.)
ownCloud GmbH (Germany)
Box Inc (U.S.)
Huddle (U.S.)
Google Inc (U.S.)
Tresorit (Switzerland)
Microsoft Corporation (U.S.)
Dropbox, Inc (U.S.)

Regional Analysis:
The market for file sharing software attracts many of the end users like banking and insurance, telecommunication, information & technology, media and utilities. These users hold a heavy usage of file sharing software. The market for file sharing software is segmented under North America, Europe, Asia Pacific and rest of the world. The market is led by the North America because of the early adoption and constant innovation by the organizations in US and Canada. Any economic and technological changes from United States affects the development trend of File Sharing Software. United States plays an important role in global market, however, the market is followed by the Asia Pacific region majorly because of the emerging technological advancements especially in China, also fast growing India and Southeast Asia regions.
Various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. The leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Segments: For the purpose of this study, Market Research Future has segmented the market of file sharing software into type, application, end - users, and region.

System native
Client Server
Peer to Peer
Cloud based


Enterprise-            - Large

                      - SME’s


End – User:

Information Technology


North America
Asia pacific
Rest of the world.

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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

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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