![]() In the meantime, the remaining leading vendors will either focus on building up their work collaboration features or become full-scale backend repositories for data and files, the report predicts. That would cause smaller players with no differentiating features or bigger companies that see little reason to expand to entirely back out of the industry. The report notes that there's "fierce competition" going on in this space, causing the simple file-storage functionality to become commoditized and offered at almost no cost. "By 2018, 70% of EFSS destination vendors will cease to exist, having been acquired or put out of business, and the remaining 30% will evolve to support the digital workplace or modernize corporate data infrastructures," Gartner wrote in its latest "Magic Quadrant" report for the EFSS industry. More than 100 vendors are competing in this space now, ranging from upstarts like Box and Dropbox to the big players like Google and Microsoft.īut this market, broadly known as "enterprise file synchronization and sharing," is ripe for change and could end up losing 70% of the companies over the next two years, according to market research firm Gartner. The market for business file-storage software has been one of the most competitive fields in tech over the past few years. Steve Jennings / Getty Images, Richard Drew/AP It often indicates a user profile.ĭropbox CEO Drew Houston, left, and Box CEO Aaron Levie. ![]() ![]() Account icon An icon in the shape of a person's head and shoulders. ![]()
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