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), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI4506  |  Authors: Preeti Wadhwani, Sachin Kasnale

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

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

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
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Managed file transfer is a technology platform that supports various security protocols, such as TTPS, SFTP, FTPS, and automation capabilities, to securely transfer various types of data within and outside an enterprise. Managed file transfer solutions help enterprises to support different regulations and standards such as Health Insurance Portability, Accountability Act (HIPAA), and EU General Data Protection Regulation (GDPR). These stringent government regulations on data security and privacy will fuel the market revenue. The platform offers benefits such as visibility, reporting, logging, security, and tracking compared to traditional file transfer solutions.
 

Managed File Transfer Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 1 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 10% 2026 Value Projection: 3 Billion (USD)
Pages: 250 Tables, Charts & Figures: 439
Geographies covered (21): U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, India, Japan, South Korea, Australia & New Zealand, Brazil, Mexico, Argentina, Colombia, Saudi Arabia, South Africa, UAE, Israel
Segments covered: Component, Deployment Model, Organization Size, Application and Region
Companies covered (19): 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.
Growth Drivers:
  • Stringent government regulations regarding data transfer
  • Growing number of data breach incidents
  • Cost effectiveness of managed file transfer solutions
  • Growing demand for fast data transfer solutions
  • Rising automated workflows for data transfer
Pitfalls & Challenges:
  • Prevalence of traditional file transfer solutions
  • Issues related to scalability of managed file transfer solution

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

In the U.S. managed file transfer market, the people-centric/ad-hoc solution segment will register 10% gains till 2026 driven by 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 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 to fuel the adoption of cloud-based solutions in the Netherlands

The cloud deployment model in the Netherlands market is expected to witness a growth rate of 15% during the forecast period impelled by benefits, such as reduced infrastructure & maintenance cost and scalability, offered by cloud-based managed file transfer solutions. The increasing adoption of cloud computing technology across enterprises in the country is also influencing the market size expansion.
 

The large enterprise segment in China will lead the market during the forecast period

China Managed File Transfer Market

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In China, large enterprises dominated around 60% managed file transfer market share in 2019 owing to growing 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 boost the market demand. Large enterprises are using different cloud-based file transfer solutions to gain more control over file transfers.
 

Stringent financial regulations in Brazil are fueling the market growth

BFSI sector in the Brazil market is predicted to expand at over 15% CAGR through 2026 led by 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 fuel the demand for managed file transfer solutions across the BFSI industry.
 

North America held the highest market share in 2019

North America Managed File Transfer Market

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North America managed file transfer market held a revenue share of around 35% in 2019 due to 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 market strategy adopted by major market players

Market players are emphasizing on new product development to gain a competitive advantage. For instance, in July 2019, Progress Software Corporation introduced the cloud-based managed file transfer solution, MOVEit Cloud for maximizing file transfer performance. This new solution helped the company to offer automated workflow automation capabilities to its customers.
 

Major companies operating in the industry 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.
 

The market research report on managed file transfer 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
  • 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

 

Frequently Asked Questions (FAQ) :

North America held a market revenue share of around 35% in 2019 due to growing demand for data governance and security in the region.
In the U.S. market, the people-centric/ad-hoc solution segment will register 10% gains till 2026.
Major companies operating in the industry 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.
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.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 250
  • Tables: 414
  • Charts / Figures: 25
  • Companies covered: 19
  • Countries covered: 21

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