Market participants are emphasizing on new product development to gain a competitive advantage.
Authors:
Preeti Wadhwani
Frequently Asked Questions (FAQ) :
The market size of managed file transfer exceeded USD 1 billion in 2019.
The industry share of managed file transfer is anticipated to grow at a CAGR of over 10% between 2020 and 2026.
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.