Global Managed File Transfer Market Report, Recent Trends, Growth Driving Factors, Challenges, Opportunities, Strategies, Recent Developments, Product Segments, and Growth Forecast 2019 – 2028
Global Managed File Transfer Market was valued at US$ x.x Bn in 2018. It is expected to reach US$ x.x Bn in 2028. The market is expected to register significant growth between 2019 – 2028. The global managed file transfer market has been divided on the basis of deployment type, model type, solution, organization size, industry vertical, and region and country.
Overview of Managed File Transfer (MFT)
Transferring data and securing it during a speedy and routine transfer is becoming increasingly important for commercial use. MFT solutions involve service or software, which helps enterprises secure day-to-day data transfers. Managed file transfers, commonly known as MFTs, involve use of end-to-end encryption, performance metrics, file transfer notifications, non-repudiation, auditability, automation of file transfer-related activities and related processes.
More and more enterprises are realizing that MFTs are essential for secure file transfers as opposed to widely used FTPs, which were a common sight at various organizations earlier. MFTs, however, need to adapt to become more scalable, fall in line with SAAS trends, and cater to a wide variety of needs of various different organizations to remain competitive in the near future.
Market Growth Drivers and Key Industry Trends
Market growth is expected to be driven by growing importance of cloud solutions, cost-saving opportunities in virtual data storage, increasing threats of cybercrime and increasing digitalization. Increasingly managed file transfer solutions are becoming more complex to adapt to the growing needs of enterprises. Organizations can deploy these solutions on-premise, cloud, on and in hybrid settings as well. Managed file transfer solutions would be provided as an all-in-one suite which includes file storage, file governance, data transfer and security, translation solutions, and file integration in order to meet the growing expectations. The aforementioned are key factors driving growth of the global MFT market.
Key Industry Trends include:
- Strategic collaborations and partnerships among international and local players
- High capital investments by major players in R&D activities
- High Penetration of cloud-based MFT solutions
These trends are expected to gain traction and support market growth in the near future.
Analysis by Segment
By Deployment Type:
Among the deployment type segments, the on-premise segment is anticipated to account for larger revenue share in the global market. The cloud segment is expected to grow at a substantial growth rate owing to rising preference for cloud-based services and advent of 5G high-speed Internet connectivity.
By Solution Type:
Among the solution type segments, the application centric segment is anticipated to hold a dominant position in terms of revenue share in the target market. The other two segments, people centric and ad hoc, are estimated to account for moderate revenue shares in the market worldwide.
By Component Type:
Among the components, the software segment is anticipated to account for significant share in terms of value in the market for managed file transfer. The professional services segment is anticipated to grow at a notable rate owing to constant need for services in terms of integration, maintenance, etc.
By Organization Size:
Among the two organization size segments, the large scale enterprises segment is expected to hold dominant position in terms of revenue contribution and the small & medium enterprises (SMEs) segment is anticipated to witness a higher growth rate owing to increasing adoption of cloud-based services by SMEs.
The managed file transfer market in North America is expected to account for the highest share of the global market. The market in North America is expected to register significant growth, driven primarily by early and higher adoption of new technology, large number of cloud-based enterprises and platforms owing to cost-cutting opportunities offered, and increasing awareness about benefits of digitalization. The Asia Pacific MFT market is expected to register the highest rate of growth over the 10-year period, driven by increasing initiatives by government for digitalization, rapidly developing end-use verticals such as BFSI, IT & Telecommunication, healthcare, and others.
Global Managed File Transfer Market Segmentation
Segmentation, by Deployment Type:
Segmentation, by Solution Type:
- Application centric
- People centric
- Ad hoc
Segmentation, by Component Type:
- Professional Services
- Consulting and System integration
- Support and Maintenance
Segmentation, by Organization Size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
Segmentation, by Industry Vertical:
- IT and Telecom
- Media and Entertainment
- Energy and Utility
- Others (Travel and Hospitality, Legal, Construction, etc.)
Segmentation, by Region:
- North America
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- IBM Corporation
- Tibco Software Inc.
- Oracle Corporation
- Ipswitch Inc.
- Open Text Corporation.
- Axway Software SA
- JScape LLC
- Seeburger AG
- South River Technologies Inc.
- Cleo Communications Inc.
Request for TOC
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
Request for Customization
Don't just take our word. We are trusted by these great companies!