Managed File Transfer Market: Future Growth Opportunities By 2026

Managed File Transfer Market: Future Growth Opportunities By 2026

The managed file transfer market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

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.

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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.

Global managed file transfer market size will hit USD 3 billion in terms of annual valuation by 2026. Cloud-based solutions are rapidly taken up by major enterprises as they enable multiple files sending across remote locations. Extensive penetration of cloud computing technology is another key factor supporting the adoption of cloud-based managed file transfer solutions in enterprises. Also, small enterprises are also switching to cloud-based infrastructure gradually.

Cloud-based managed file transfer segment is set to grow at 16% CAGR over 2020-2026. Ad-hoc solutions are gaining popularity on account of their capability to manage person-to-person file transfer with less burden on enterprise resources. The solutions feature reactive management technologies for auditing and reporting multiple file transfers.

Apart from this, ad-hoc managed file transfer aids in eliminating the requirement for third-party file transfer software as well as websites sensitive information transfer. The segment is expected to showcase growth rate of 15% through 2026.

Organizations operating in the healthcare sector are rapidly incorporating managed file transfer solutions to manage and share critical data, like patient’s medical history or medical device readings. The solutions allow maintaining regulatory compliance for the healthcare sector, including HIPAA (Health Insurance Portability and Accountability Act). Managed file transfer market share from healthcare applications is expected to grow at over 16% CAGR up to 2026.

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Major companies across India and China are utilizing file transfer solutions at large-scale to for secure, seamless virtual integration and cost-effective communication. Enterprises operating in the BFSI sector in the region are adopting these solutions to improve overall customer experience. Asia Pacific managed file transfer industry size is forecast to grow at expand at 15% CAGR through 2026. Established managed file transfer service and solution providers globally are IBM Corporation, Axway, Inc., Saison Information System Co. Ltd. and Progress Software Corporation, among others.

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