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How Much Growth is Expected for the Managed File Transfer Market from 2024 to 2033?

The size of the managed file transfer market has seen robust growth in the past years. The market, which is valued at $1.49 billion in 2023, is projected to inch up to $1.64 billion in 2024, marking a compound annual growth rate (CAGR) of 9.7%. Factors like concerns about data security, regulatory compliance, business process automation, globalization and remote workforce, and data volume increase have been driving this growth during the past period.

In the upcoming years, the managed file transfer market is projected to experience significant growth, escalating to a ballpark figure of $2.39 billion by 2028, with a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this projected growth during the forecast period include vendor competition and innovation, business continuity strategies, a focus on efficiency and automation, API harmonization and interoperability, along with the trend of migrating to the cloud. Key trends during this period encompass interoperability and integration frameworks, amalgamation with workflow automation, upgraded security safeguards, adoption of cloud-based solutions, managed services, and outsourcing.

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What Factors Are Encouraging Growth in the managed file transfer Market?

The augmenting incidence of cyberattacks is propelling the expansion of the managed file transfer market. Such attacks, which involve illicit access to computer systems with the intention of stealing, compromising, modifying, disabling, or annihilating information, are on the rise. The application of a managed file transfer (MFT) service can enhance the security of corporate data, thus fuelling demand. To exemplify, the Internet Crime Report 2021 from the Federal Bureau of Investigation (FBI), a law enforcement agency in the US, stated that the number of cybercrime complaints surged from 791,790 in 2020 to 847,376 in 2021. Hence, the escalation in cyberattacks is driving progression in the managed file transfer market.

Which Segments Play a Vital Role in the Managed File Transfer Market?

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

What Trends Are Driving Change in the Managed File Transfer Market?

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What Regions Are Contributing Significantly to the Growth of the Managed File Transfer Market?

North America was the largest region in the managed file transfer market share in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed file transfer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Managed File Transfer Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the managed file transfer market, its market share, and analyzes key competitors along with 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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