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Managed File Transfer Market

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The Growing Need For Secure File Transfer And Government Rules And Regulations For
Transferring Sensitive Data Drives The Managed File Transfer Market
According to a new market report published by Transparency Market Research, the global
managed file transfer market was valued at US$ 1,093.5 Mn in 2016 and is expected to expand at
a CAGR of 7.9% from 2018 to 2026, reaching US$ 2,307.8 Mn by the end of the forecast period.
According to the report, North America was the most significant contributor in terms of revenue
to the managed file transfer market in 2016.
The growing need for secure file transfer and government rules and regulations for
transferring sensitive data drives the managed file transfer market
The need for sharing files between multiple companies and systems has become critical for all
enterprises. At the same time, file types, size, and volume are increasing at a rapid rate; hence,
traditional sharing methods such as email are not very helpful. Moreover, the exchange of large
sensitive files, healthcare records, financial reports, etc., has become common in enterprises.
This transfer brings high-security risks, especially if using FTP, email, or other insecure transport
options. These problems are solved with the help of managed file transfer solutions. Various
rules and regulations have emerged in the file transfer market to increase the security and
integrity of sensitive data. For instance, Payment Card Industry Data Security Standard (PCIDSS) for the payment industry, Health Insurance Portability and Accountability Act (HIPAA)
for the healthcare industry in the U.S., and EU Data Protection Directive.
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Managed File Transfer Market: Scope of the Report
The global market for managed file transfer is segmented on the basis of deployment, solution,
model, enterprise size, industry vertical, and region. Based on deployment, the market has been
segmented into cloud, on-premise, and hybrid. In terms of solution, the market is bifurcated into
software and professional services. The software solution is further divided into suite and
standalone. The standalone solution is further divided into automated file transfer, file
integration, file governance, security & encryption, translation, mobile file sharing and
collaboration, file storage, advanced workflows and others (file synchronization, file
acceleration, etc.). Professional services are sub-segmented into installation and integration, and
support and maintenance. Based on model, the market is categorized into person-person, serverperson, person-server, and business-business. In terms of enterprise size, the market is
fragmented into small & medium enterprises (SMEs) and large enterprises. The market is
segmented based on industry vertical into BFSI (Banking, Financial Services and Insurance), IT
and telecom, government, healthcare, logistics, education, retail, media and entertainment,
manufacturing, energy and utility and others (travel and hospitality, legal, construction, etc.).
Geographically, the global managed file transfer market is divided into North America, Asia
Pacific, Europe, South America, and Middle East & Africa. In North America, revenue is
majorly generated from government and BFSI industry vertical. The growth of the market in
North America is due to the presence of influential players such as IBM Corporation, Oracle
Corporation, and Open Text Corporation in the region. The market in the Asia Pacific region is
expected to register the highest growth due to growth in digitalization and industrialization. The
markets in Middle East & Africa and South Africa are anticipated to grow at a slow rate due to
lack of awareness about managed file transfer solutions.
Global Managed File Transfer Market: Competitive Dynamics
The global managed file transfer market is highly competitive. The market includes key players
such as IBM Corporation, Tibco Software Inc., Oracle Corporation, Linoma Software, Ipswitch
Inc., Open Text Corporation, GlobalSCAPE Inc., Attunity Ltd., Biscom Inc., Axway Software
SA, JScape LLC, Seeburger AG, South River Technologies Inc., and Cleo Communications Inc.
Author
monali raghu
monali raghu349   documents Email
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