Global Gloud Storage Market 2017-2025
The file synchronization/sharing (FSS) and content management (CM) markets combined are expected to grow from $7.76 billion in 2018 to $9.12 billion by 2020, a 2-year CAGR of 8.4%. Looking deeper, the file synchronization and sharing market is expected to grow at a 2-year CAGR of 13.3%, far outpacing the 5.5% growth rate of the content management market.
Similarly, according to IDC, the content management software market, including on-premise and public cloud software, is expected to grow from $7.8 billion in 2018 to $9.3 billion in 2020, a 2-year CAGR of 8.8%.
Worldwide EFSS and ECM Market Forecasts: 2018E-2020E ($MIL)
Source: IDC
Worldwide CMS Forecasts: 2018E-2020E ($MIL)
Source: IDC
Worldwide CMS Forecasts: 2018E-2020E ($MIL)
The enterprise collaboration market is considerably larger than the file synchronization/sharing and content management markets. Market estimates vary considerably, depending on how the market is defined. According to data from MarketsandMarkets, a market research firm, the broadly defined enterprise collaboration market is estimated to grow from $26.68 billion in 2016 to $49.51 billion by 2021, a 5-year CAGR of 13.2%.
Enterprise Collaboration Market ($BIL)
Global Gloud Services Forecast
Growing Market Opportunity in Cloud Services & AI
Gartner forecasts a $380-billion expense in 2020 across the aggregate cloud services market. Cloud computing is playing an increasingly significant role in organizations. According to one survey in 2017, 74% of technology CFOs said that cloud computing will have the most impact on their businesses.
