Managed file transfer solutions are used for getting a secure and real-time file transfer from within the network or across other platforms. Industry verticals like BFSI and healthcare and life sciences are increasingly adopting these solutions in order to protect their data from any breaches along with improving the performance and cost efficiency. Apart from this, government institutes and organizations in IT & telecommunications sector are also implementing this technology for enhancing their business processes and facilitating application integration, thereby boosting the demand for MFT solutions, thereby driving the global market towards significant growth.
Drivers & Restraints
The growth of the global market for managed file transfer can be majorly attributed to the following factors:
- Rising need for data security and governance
- Improvements in performance and cost efficiency
Moreover, the upcoming trend of application integration and emergence of cloud-based managed file transfer solutions is expected to offer an array of growth opportunities in the near future. However, high competition from file sync and share services is likely to act as a major deterrent for the growth of this market. Apart from this, lack of awareness among end-users and overdependence on traditional file transfer alternatives are some of the major challenges faced by this market.
Market Predictions
The size of the global managed file transfer market which was estimated to be USD 939.5 Million in 2015 is now expected to reach USD 1,524.2 Million by the end of 2020, growing at a CAGR of 10.2% during the forecast period. Of all the regions, North America held the largest market share in 2015, followed by Europe and Asia-Pacific. However, the market in Asia-Pacific is expected to grow at the highest CAGR over the forecast period.
Based on deployment types, on-premises deployment is expected to hold the largest market share, whereas cloud-based managed file transfer solutions are expected to gain maximum traction from 2015 to 2020. On the basis of organization size, large enterprises are expected to dominate the market with largest share, owing to the high adoption rate of managed file transfer solutions. Among solutions, the application-centric managed file transfer solutions segment is projected to be the largest market in the coming years.
The major players operating in the global market for managed file transfer include IBM, GlobalSCAPE, Axway, Attunity, Ipswitch, OpenText Corporation, Coviant Software Corporation, Accellion, JSCAPE, and Saison Information System, Co., Ltd.
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Scope of the Research
The global market for managed file transfer has been studied and analyzed on the basis of the following segmentation:
- Deployment Type: Cloud, On-Premises
- Solution: Application-centric, People-centric, Ad-hoc
- Service: Consulting and System Integration, Support and Maintenance
- Organization Size: SMEs, Large Enterprises
- Vertical: BFSI, IT & Telecommunications, Government & Public Sector, Media & Entertainment, Retail & CPG, Manufacturing, Healthcare & Life Sciences, Others
- Geography: North America, Europe, Asia-Pacific, Middle East & Africa, Latin America
