Managed File Transfer Market Size: Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2026

The growing demand for control and security solutions for transferring a large volume of data is driving global managed file transfer market outlook, in order to eliminate the risk of cyberattacks. These solutions offer the ability to reliably and securely exchange files with business partners, enhances visibility and control over data movements as well as IT infrastructure. 

Managed file transfers also support engagement and communication with any of the industry-standard protocols such as FTPS, FTP, HTTPS, HTTP, SFTP and AS2. Adoption of the technology is aiding enterprises to improve their productivity with controlled file transfers as per business requirements. Growing demand for efficient cross-platform data transfer solutions across enterprises along with advanced security against cyberattacks will bolster the adoption of the solutions in the coming years.

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Ad-hoc and cloud-based file transfers to boost performance -

Cloud-based managed file transfer is preferred now by top enterprises. Major factors impacting the demand are easy operations in remote regions and adoption of cloud-based architecture by large companies. The industry size for this domain is anticipated to grow at a CAGR of over 16% over 2020-2026.

The ad-hoc managed file transfer market share is projected to register a CAGR of over 15% through 2026. The ad-hoc file transfers or person-to-person file transfers are considerably effortless and minimize the dependency on third-party software for transfer of sensitive data.

Large enterprises to adopt advanced solutions -

Large-scale companies deal with complex and critical data transfers. Simplification of mission-critical file transfers and minimizing monetary loss are factors driving the managed file transfer market. The large enterprise customers will represent, for the industry, a CAGR of around 10% up to 2026 in terms of annual revenues.

A product of IBM, IBM Sterling Secure File Transfer provides a unified platform for file transfers to share and track mission-critical information across the enterprise trading partner network. It also promises reliable, consolidated, scalable and automated file transfers.

Data management advancements in the healthcare sector -

Managed file transfer solutions are deployed in healthcare sector for sharing and managing critical data records like device readings and patient’s medical histories. For an instance, with the fiercely growing COVID-19 cases in the present days, healthcare facilities can rely on adopting MFT solutions for better functioning.

Health Insurance Portability and Accountability Act (HIPAA) is a regulatory compliance supporting managed file transfers, raising the market valuation across the healthcare sector. From healthcare applications, the managed file transfers market forecast was pegged at 16% CAGR through 2026.

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Organizations in APAC countries like India and China deploy MFT methods for achieving cost-effective, secure communication solutions with seamless virtual integration. The expansion of managed file transfer market share in the Asia Pacific can be estimated to reach a CAGR of above 15% in coming years. BFSI companies functioning in these regions use managed file transfers for attaining an improved customer experience.

Some of the major companies dominating this managed file transfer market are IBM Corporation, Axway Inc., Saison Information System and Progress Software Corporation.

Major Key Points from Table of Content:

Chapter 6.    Managed File Transfer Market, By Deployment Model

6.1.    Key trends, by deployment model

6.2.    On-premise

6.2.1. Market estimates and forecast, 2015 - 2026

6.3.    Cloud

6.3.1. Market estimates and forecast, 2015 – 2026

Chapter 7.    Managed File Transfer Market, By Organization Size

7.1.    Key trends, by organization size

7.2.    SMEs

7.2.1. Market estimates and forecast, 2015 - 2026

7.3.    Large Enterprises

7.3.1. Market estimates and forecast, 2015 - 2026

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Related News -  https://www.marketwatch.com/press-release/wireless-mesh-network-market-analysis-by-industry-share-growth-trends-forecast-2021-2025-2021-06-11

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