The BFSI segment is expected to drive the largest market owing to the leading market in 2018. By vertical segment, the file sharing market has been segmented into BFSI, healthcare, it & telecommunication, education & research, media & entertainment, and others. The end-user segment categorized the file sharing market into enterprise users, individual users, and government. Depending on services, the file-sharing market has been sub-segmented into managed service and professional service. By deployment type, the market is bifurcated into cloud and on-premises. In terms of type, the global market has been divided into system native, client-server, peer-to-peer, and others. Global File Sharing Market has been classified into Type, Deployment, Services, End User, Vertical, and Region. However, the major restraining factor for the market is the concern over data security because of the third-party vendor's involvement. Additionally, the rising adoption of cloud-based services is an opportunity identified for this market. These companies focus on delivering advanced and innovative products to acquire the highest market share which in turn increases the competition among the existing players and is expected to remain intense during the assessment period. The major market players of the global file-sharing market are Google Inc., Microsoft Corporation, Dropbox Inc., Citrix File share Inc., and IBM Corporation. Global File Sharing Software Market is anticipated to exhibit a healthy market growth during the review period owing to the rising focus of vendors on file sharing. The increasing demand for cloud-enabled, mobility-optimized enterprise file sync-and-share and scalable, secure content collaboration capabilities are expected to create many lucrative opportunities for file sharing in recent years. The major factor responsible for the growth of the Global File Sharing Market is developments in digital technology and the growing adoption of BYOD in recent years. According to MRFR analysis, Global File Sharing Software Market was accounted for USD 4,033.0 Million, and it is projected to exhibit a 26.1% CAGR during the forecast period, 2020-2026.
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