Managed File Transfer Market Size, By Component (Solution [Application-centric, People-centric/Ad-Hoc], Service [Consulting & Integration, Support & Maintenance]), By Deployment Model (On-premise, Cloud), By Organization Size (Large Enterprise, SMEs), By Application (IT & Telecom, BFSI, Healthcare, Retail, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Managed File Transfer Market size exceeded USD 1 billion in 2019 and is anticipated to grow at a CAGR of over 10% from 2020 to 2026. The market growth is attributed to a significant rise in the number of cyberattacks across the world.
 

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The increase in number of cyberattacks is enabling enterprises to adopt managed file transfer solutions to securely transfer and share various types of data. Managed file transfer solutions use integrated encryption techniques, such as Secure Sockets Layer (SSL), Open Pretty Good Privacy (PGP), Advanced Encryption Standard (AES), and Secure Shell (SSH), to securely transfer sensitive data by encrypting it.
 

People-centric file transfer to grow rapidly in the U.S. region

In the U.S., the people-centric/ad-hoc solution segment is expected to witness 10% growth rate through 2026 led by the rising adoption of managed file transfer across retail and manufacturing industries to support collaborating in various business processes across multiple geographic locations. People-centric managed file transfer is also fueling case management processes across various industries such as social service cases and legal actions. It also helps enterprises to control and mitigate human errors during file transfers. Also, due to the COVID-19 pandemic situation, the need for secure data transfer over people-centric models is increasing to ensure protection of data from hackers and evolving cyber threats.
 

Growing market demand for cloud computing technology will spur the acceptance of cloud-based solutions in the Netherlands

In the Netherlands, the cloud deployment model in the managed file transfer market is estimated to attain a CAGR of 15% till 2026 impelled by the benefits, such as reduced infrastructure & maintenance cost and scalability, offered by cloud-based managed file transfer solutions. The increasing usage of cloud computing technology across enterprises in the country is also supporting the industry growth.
 

The large enterprise segment in China to lead the market revenue

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In China, large enterprises dominated more than 60% of the market share in 2019 due to the growing industry demand to transfer sensitive data across enterprise branches located at different locations. Managed file transfer solutions enable large enterprises to securely transfer critical data for business processes across different office locations. Growing cybersecurity risks to sensitive business data will support the demand for managed file transfer solutions across large enterprises. Large enterprises are using different cloud-based file transfer solutions to gain more control over file transfers.
 

Stringent financial regulations in Brazil are fostering the managed file transfer market value

In Brazil, the BFSI segment is poised to expand at more than 15% CAGR by 2026 owing to the growing demand for a reliable and secure exchange of financial information. Banking and other financial institutions need a high level of cybersecurity while transferring sensitive financial information. The growing need to comply with different security regulations on financial information will stimulate the market progression for managed file transfer solutions across the BFSI sector.
 

North America held the highest market share

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North America managed file transfer market captured over 35% of revenue share in 2019 on account of the growing demand for data governance and security in the region. Rising data breach incidents while transfer of sensitive data is enabling companies to deploy advanced file transfer solutions. Government authorities in the region are mandating standards & regulations that an enterprise needs to follow to ensure protection of customer data. Managed file transfer solutions support different regulations and make it easy for smaller businesses with lesser resources to operate in the market.
 

The development of innovative solutions is the key strategy adopted by major market players

Major companies operating in the market are Accellion, Inc., Axway, Inc., Biscom, Inc., Cleo Communications, Inc., GlobalSCAPE, Inc., IBM Corporation, JSCAPE LLC, Opentext Corporation, Oracle Corporation, Progress Software Corporation, QlikTech International AB (Attunity Ltd.), Safe-T Group Ltd, Saison Information Systems Co., Ltd., Seeburger AG, Signiant, Inc., Software AG South River Technologies, Inc., Tibco Software, Inc., and Wipro Limited. Market participants are emphasizing on new product development to gain a competitive advantage.
 

The managed file transfer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

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Market, By Component

• Solution
  • Application-centric
  • People-centric/Ad-Hoc
• Service
  • Consulting & Integration
  • Support & Maintenance

Market, By Deployment Model

• On-premise
• Cloud

Market, By Organization Size

• Large Enterprises
• SMEs

Market, By Application

• IT & Telecom
• BFSI
• Healthcare
• Retail
• Manufacturing
• Chemical

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Israel
  • UAE