The Europe Managed File Transfer Market would witness market growth of 9.4% CAGR during the forecast period (2023-2030).
The use of the cloud in enterprises is practically universal and has become much more pervasive. The ability to run entire network architectures in cloud settings has been made possible by the maturation of cloud solution providers' security credentials. Managed file transfer, like all file transfer activities, is not immune to this tendency. There is a growing need for cloud-based, secure methods of sharing private information, like those offered by OneDrive and Dropbox, as well as for methods that leave little to no network footprint. Rising opportunities in application integration trends and cloud-based MFT solutions are anticipated to drive the market.
As a result of the rise in the number of private data, the market has grown more rapidly because of data security. Better performances and cost-effectiveness are other factors driving up demand for end users. Technological advancements that improve accuracy, sustainability, quality, and operational safety are available today. Many users are drawn to the controlled file transfer business program, which has gained popularity alongside Android and iOS. In addition, the market is growing due to security and safety, government regulations, and an increase in demand across various industries.
The benefits, such as decreased infrastructure & maintenance scalability and cost, given by cloud-based MFT solutions are expected to drive an increase in the model of cloud deployment in the market. The expansion of the market is also supported by the country's businesses using cloud computing technologies more frequently. Therefore, many businesses are migrating their IT systems and apps to the cloud, driving up cloud adoption in regional advanced economies like France. The market in France is also very competitive, with several regional and international suppliers providing various solutions. This rivalry promotes innovation and aids in maintaining competitive pricing, making it a desirable market for suppliers and consumers. These factors are anticipated to speed up MFT adoption in the Europe.
The Germany market dominated the Europe Managed File Transfer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $230.6 million by 2030. The UK market is anticipated to grow at a CAGR of 8.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 10.3% during (2023 - 2030).
Based on Component, the market is segmented into Solution (Application-centric, People-centric and Ad-hoc) and Services. Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail, Media & Entertainment, Government & Public Sector, Manufacturing, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Managed File Transfer Market is Projected to reach USD 3.6 Billion by 2030, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., IBM Corporation, Oracle Corporation, OpenText Corporation, Wipro Limited, Software AG, Axway Software SA, Ipswitch, Inc. (Progress Software Corporation), GlobalScape, Inc. (Fortra, LLC) and Signiant, Inc.
By Component
By Deployment Mode
By Organization Size
By Vertical
By Country
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