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The managed file transfer market has experienced significant growth, rising from $1.49 billion in 2023 to $1.64 billion in 2024, with a compound annual growth rate (CAGR) of 9.7%. This growth in the historical period is fueled by concerns surrounding data security, regulatory compliance requirements, the need for business process automation, the globalization of businesses, and the exponential growth in data volume. Looking ahead, the market is poised for robust expansion, reaching $2.39 billion by 2028, with a compound annual growth rate (CAGR) of 9.9%. The anticipated growth is driven by factors such as increased vendor competition and innovation, heightened focus on business continuity planning, the emphasis on automation and operational efficiency, the integration of Application Programming Interfaces (APIs) and interoperability, and the surge in cloud migration trends. Major trends in the forecast period include the development of interoperability and integration frameworks, the integration of managed file transfer with workflow automation systems, the implementation of enhanced security measures, the adoption of cloud-based solutions, and the increasing reliance on managed services and outsourcing.

The surge in cyberattacks is fueling the expansion of the managed file transfer market moving forward. Cyberattacks entail unauthorized access to computer systems for purposes such as theft, exposure, alteration, disablement, or destruction of information. Managed file transfer (MFT) services offer enhanced security for company data, thereby amplifying demand. Notably, the Internet Crime Report 2021 released by the Federal Bureau of Investigation (FBI) indicates a substantial rise, with cybercrime complaints escalating from 791,790 in 2020 to 847,376 in 2021 in the United States. Consequently, the heightened frequency of cyberattacks is propelling the managed file transfer market forward. Market sizing data for 2023, 2024, and 2028 is critical for strategic planning and understanding industry trends.

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What Are The Key Trends That Influence Managed File Transfer Market Share Analysis?

Technological advancement is a key trend gaining popularity in the managed file transfer market. Major players operating in the market are developing Diplomat MFT v9.1 managed file transfer system that features additional benefits for their users. For Instance, in June 2022, Coviant Software, a US-based provider of managed file transfer solutions launched the Diplomat MFT v9.1. It is an update to its platform with various additional benefits such as data replication, file synchronization, and support for simultaneous file transfers to multiple destinations. This solution is therefore useful for customers who need to replicate files, including site content, for distribution to authorized web farms and throughout data centers with ease.

Which Market Players Are Driving Growth In The Managed File Transfer Market?

Major companies operating in the managed file transfer market report are Raytheon Technologies Corporation, International Business Machines Corporation, Oracle Corporation, Wipro Limited, OpenText Corporation, Micro Focus International plc, Software AG, TIBCO Software Inc., QlikTech International AB, Progress Software Corporation, HelpSystems LLC, MOVEit, Axway Software, Limelight Networks, Acronis International GmbH, Ipswitch Inc., Accellion Inc., Globalscape, Kiteworks, Cleo Communications, Signiant Inc., DataMotion Inc., Thru Inc., Jscape LLC, Coviant Software, Biscom Inc., SFTPPlus, Copperfasten Technologies, SmartFile, FileCatalyst

How Is The Global Managed File Transfer Market Segmented?

The managed file transfer market covered in this report is segmented –

1) By Service: Consulting and system integration, Support and maintenance
2) By Solution: Application-centric, People-centric, Ad-hoc
3) By Deployment type: Cloud, On-Premises
4) By Organization size: Small and Medium Enterprises (SMEs), Large enterprises
5) By End-user Industry: Information Technology And Telecommunication, Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Media and Entertainment, Other End-user Industries

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The Managed File Transfer Global Market Report 2024 provides an overview of the managed file transfermarket 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 Template 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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