Managed File Transfer Market Share

Managed File Transfer Market Share

Top 5 companies leading the managed file transfer industry in 2024 are IBM, Progress Software, Axway, OpenText, and Signiant. Together, they hold around 26% market share in the market.
 

• IBM has fortified its position by adding AI powered security as well as automation features to its solutions. Its hybrid cloud model aims to increased scalability and compliancy for more complex data set enterprises. Last year, IBM started the IBM Enterprise AI Venture Fund with a capital of USD 500 million which is directed towards AI software companies ranging from small startups to large, established enterprises. The fund’s objective is to promote innovation and enhance AI automation in businesses by sponsoring further research and development of generative AI technology focused on enterprise applications.
   
• Progress Software targets automated auto transfer file solutions through its MOVEit platform. The firm’s strong focus on zero-trust security and cloud based systems makes it favorable among enterprises needing compliance driven information exchange such as finance, health care, and government sectors
   
• Axway amplifies data movement with its strong MFT solutions and allows seamless integration of private and public clouds. The firm opens up secured data flow between enterprises controlling multiple cloud systems with its focus on interoperability and real time visibility. Amplify platform enables seamless flow of information across various IT systems. In October 2024, Axway, a French American IT company, completed the USD 340 million acquisition of Sopra Banking Software (SBS) from Sopra Steria. This acquisition strengthens Axway’s position as a leading enterprise software provider in France.
   
• OpenText utilizes its vast experience in enterprise information management to provide secure and scalable file transfer solutions. On the other hand, Signiant focuses on slow file transfer catering for media and entertainment and large enterprises workflow. Both firms seek automation and integration of the cloud with emphasis on security in order to meet the ever increasing data exchange.
   

Managed File Transfer Market Companies

Major players operating in the managed file transfer industry are:

• Axway
• Globalscape
• GoAnywhere
• IBM
• Kiteworks
• OpenText
• Oracle
• Progress Software
• Signiant
• TIBCO Software
   
• Leading businesses are purchasing specialized technology firms to improve secure data transfer. These mergers and acquisitions help strengthen the product portfolio, increase saturation within the managed file transfer market, and assist in developing new automation, cloud integration, and compliance solutions that ensure file transfer services for many industries are efficient and scalable.
   
• Organizations are focusing on hybrid cloud architectures and API-based systems for improved secure file transfer interoperability with other IT features. This increases flexibility, security, scalability, and improvement on the system’s ability to manage complex data flows in and out of the organization while ensuring compliance with regulations and performance across on-prem and cloud environments.
   
• With increasing compliance scrutiny, businesses are adopting industry tailored compliant secure file transfer services as well for data centric file transfer. Healthcare, finance, and government integrated solutions include encryption, access control, and auditing features to help mitigate data privacy risks and support compliance with mandated laws in an efficient manner.