The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global managed file transfer (MFT) market is experiencing significant growth, set to increase from $1.36 billion in 2022 to $1.50 billion in 2023 at a CAGR of 10.4%. Looking ahead, the market is projected to reach $2.15 billion in 2027, maintaining a robust CAGR of 9.4%. This surge is fueled by a combination of factors, with increased cyberattacks emerging as a primary driver.

1. Cybersecurity Concerns Driving Growth:

• Rising Cyberattacks:
  • Increased cyberattacks worldwide are propelling the demand for managed file transfer services.
  • Cyberattacks involve unauthorized access to computer systems, leading to theft, exposure, alteration, disablement, or destruction of information.
• FBI Report:
  • According to the Internet Crime Report 2021 by the Federal Bureau of Investigation (FBI), the US saw a significant surge in cybercrime complaints from 791,790 in 2020 to 847,376 in 2021.
  • The need for enhanced data security is pushing organizations to adopt MFT solutions to safeguard their sensitive information.

2. Key Players in the MFT Market:

• Industry Leaders:
  • Major players shaping the managed file transfer market include IBM Corporation, Axway Software, Ipswitch Inc., and Attunity.
  • These companies contribute to the market’s growth through innovation, strategic partnerships, and the development of advanced MFT solutions.
• Diverse Solutions:
  • The market includes prominent players such as Kiteworks, Globalscape, OpenText Corporation, and Coviant Software, offering a range of MFT solutions catering to diverse needs.

3. Technological Advancements:

• Innovation in MFT Systems:
  • Technological advancements emerge as a key trend, with major players developing sophisticated MFT systems to meet evolving user requirements.
  • Coviant Software, for example, launched the Diplomat MFT v9.1 in June 2022, featuring benefits like data replication, file synchronization, and simultaneous transfers to multiple destinations.
• Enhanced User Benefits:
  • Diplomat MFT v9.1 offers additional benefits, making it useful for customers requiring seamless file replication for distribution across authorized web farms and data centers.
  • The continuous innovation in MFT systems enhances user experiences, promoting efficiency and security.

4. Market Segmentation:

• Diverse Service Offerings:
  • The global managed file transfer market is segmented based on service types, including Consulting and System Integration, and Support and Maintenance.
  • These services cater to different stages of implementing and maintaining MFT solutions.
• Variety in Solutions:
  • Solutions are categorized into Application-centric, People-centric, and Ad-hoc, reflecting the diverse nature of MFT applications.
  • This segmentation allows organizations to choose solutions aligned with their specific requirements.
• Deployment Types:
  • The market also differentiates between Cloud and On-Premises deployment types, offering flexibility in how organizations choose to implement MFT solutions.
  • This addresses varying preferences and infrastructure needs.
• Organization Size and End-user Industries:
  • The market considers organization size, with offerings tailored for both Small and Medium Enterprises (SMEs) and Large Enterprises.
  • End-user industries, including Information Technology and Telecommunication, BFSI, Retail, Healthcare, and others, further diversify the market.

5. Regional Dynamics:

• North America’s Dominance:
  • In 2022, North America emerged as the largest region in the managed file transfer market.
  • The region’s robust technological infrastructure and heightened awareness of cybersecurity contribute to its leadership.
• Asia-Pacific’s Growth Potential:
  • Asia Pacific is forecasted to be the fastest-growing region in the managed file transfer market in the coming years.
  • The region’s expanding IT landscape and the rising adoption of advanced technologies position it as a key player in the global MFT market.

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The Managed File Transfer Global Market Report 2023  provides an overview of the managed File transfer market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The managed File transfer market forecast analyzes managed File transfer market size, managed File transfer market share, leading competitor and their market positions.

The Table Of Content For The Managed File Transfer Market Include:
1. Managed File Transfer Market Executive Summary
2. Managed File Transfer Market Segments
3. Managed File Transfer Market Size And Managed File Transfer Market Growth Rate
4. Key Managed File Transfer Market Trends
5. Major Managed File Transfer Market Drivers
……
25. Key Mergers And Acquisitions In The Managed File Transfer Market
26. Top Managed File Transfer Companies
27. Managed File Transfer Market Opportunities And Strategies
28. Managed File Transfer Market, Conclusions And Recommendations
29. Appendix

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