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EFSS market will still see substantial and continued growth at an average of 22% compound annual growth rate
In 2020, we estimate of the size of the EFSS market at $3.83 billion, rising to $9.82 billion by 2025
The EFSS market will still see substantial and continued growth at an average of 22% compound annual growth rate (CAGR) for its current use cases over the next five years
Various attempts have been made to rename the category, and a variety of alternative terms are used to describe EFSS systems, including (but not limited to) Cloud Content Management, Cloud Collaboration Platforms, and Secure File Sharing.
Geopolitics and government cost-cutting combined have added urgency to moving files and sharing them in the cloud: cost-cutting because the cloud is perceived to be cheaper than on-premises, and geopolitics because greater scrutiny of where files are located and who they are shared with is accelerating the need to geofence data.
At FileCloud we are eager to help customers understand the ways in which the market is changing in response to these events and more.
To understand more about EFSS and where the market is heading, do read this report .