Unlocking Opportunities in the Managed File Transfer Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theManaged File Transfer Market?
The upsurge in cyberattacks is propelling the expansion of the managed file transfer market. Cyberattacks involve unauthorized entry into computer systems with intents like stealing, exposing, altering, disabling, or obliterating information. Implementing managed file transfer (MFT) services can enhance the security of company data, thereby increasing its demand. For example, the UK government declared in April 2023 that UK businesses had encountered approximately 2.39 million instances of cybercrime and nearly 49,000 fraud cases connected to cybercrime in the last year. Consequently, the surge in cyberattacks is propelling growth in the managed file transfer market.
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#What Growth Opportunities Will Drive the Managed File Transfer Market’s CAGR Through 2034?
In recent times, the managed file transfer market has seen significant growth. The market, which stands at $1.6 billion in 2024, is set to increase to $1.74 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.5%. This upward trend during the historical period is largely due to factors such as concerns over data security, regulatory compliance, automation in business processes, globalization, the rise of a remote workforce, and the expansion of data volumes.
The market of managed file transfer is anticipated to experience speedy expansion in the coming years, reaching a valuation of $2.68 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 11.4%. This development in the predicted period can be attributed to the increasing competition and innovation amongst vendors, focus on business continuity planning, the emphasis on automation and efficiency, API integration and interoperability, and trends in cloud migration. Integral trends observed during the forecast period include the frameworks of interoperability and integration, workflow automation integration, enhanced security protocols, the adoption of cloud-based solutions, as well as managed services and outsourcing.
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Which Cutting-Edge Market Trends Are Expected to Drive theManaged File Transfer Market’s Growth?
The advent of technology is a prevalent trend gaining traction in the managed file transfer marketplace. Leading entities in the market are evolving, such as the Diplomat MFT v9.1 managed file transfer application featuring additional perks for its users. As an example, Coviant Software, an American handler of managed file transfer solutions, introduced the Diplomat MFT v9.1 in June 2022. This recent upgrade of its platform comes with multiple enhancements including data replication, file synchronization, and support for parallel file transfers to different end-points. As a result, this solution is beneficial for clients who have to duplicate files, such as website content, for dissemination to approved web farms and an effortless distribution throughout data centers.
What Are the Leading Market Players Impacting theManaged File Transfer Market’s Growth Trend?
Major companies operating in the managed file transfer market include International Business Machines Corporation, Oracle Corporation, Wipro Limited, OpenText Corporation, Micro Focus International plc, Software AG, TIBCO Software Inc., Progress Software Corporation, HelpSystems LLC, Axway Software, Accellion Inc., Globalscape, Kiteworks, Cleo Communications, Signiant Inc., DataMotion Inc., Thru Inc., Jscape LLC, Coviant Software, Biscom Inc., SFTPPlus, Copperfasten Technologies, SmartFile, FileCatalyst
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How Are the Key Segments of the Managed File Transfer Market Driving Opportunities and Innovations?
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
Subsegments:
1) By Consulting and System Integration: Strategy Development, Implementation Services, Workflow Design
2) By Support and Maintenance: Technical Support Services, Software Updates and Upgrades, Performance Monitoring and Optimization
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theManaged File Transfer Market?# Market Expansion?
North America was the largest region in the managed file transfer market share in 2024. 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.
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