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Managed File Transfer Market Size

Report ID: GMI4506
Published Date: Jun 2020
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2019
Managed File Transfer Market Size in 2019:	1 Billion (USD)
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	10%
2026 Value Projection:	3 Billion (USD)
Historical Data for:	2015 to 2019
No. of Pages:	250
Tables, Charts & Figures:	439
Segments covered:	Component, Deployment Model, Organization Size, Application and Region
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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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.