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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, SME), By Application (IT & Telecom, BFSI, Healthcare, Retail, Manufacturing), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

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Managed File Transfer Market Size

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.
 

Managed File Transfer Market Overview

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.
 

Managed File Transfer Market Analysis

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.
 

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.
 

Managed File Transfer Market Share

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.
 

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.
 

Managed File Transfer Market Size

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.
 

Managed File Transfer Market Share

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.
  • 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:

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
  • SME

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

 

Authors: Preeti Wadhwani,
Frequently Asked Question(FAQ) :
Why will managed file transfer solutions gain traction across the BFSI industry in Brazil?
The demand for managed file transfer solutions across the BFSI industry in Brazil can be credited to growing requirement for a reliable and secure exchange of financial information.
Which are the prominent players in the managed file transfer landscape?
What are the forecasts for people-centric/ad-hoc solutions in the U.S. managed file transfer industry?
What is the expected growth rate for managed file transfer industry share during the forecast timespan?
How has North America fared in the managed file transfer market?
What was the size of the global managed file transfer market in 2019?
Managed File Transfer Market Scope
  • Managed File Transfer Market Size
  • Managed File Transfer Market Trends
  • Managed File Transfer Market Analysis
  • Managed File Transfer Market Share
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    Premium Report Details

    Base Year: 2019

    Companies covered: 19

    Tables & Figures: 439

    Countries covered: 21

    Pages: 250

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