According to a new report, published by KBV research, The Global Managed File Transfer Market size is expected to reach $3.6 billion by 2030, rising at a market growth of 10.2% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 12.4% during (2023 - 2030). Outsourcing is common strategy businesses use to reduce expenses, boost productivity, and gain time. The fundamental tenet of every outsourcing firm is to concentrate on a specific activity that may be completed more effectively, swiftly, and affordably. Managed file transfer services are offered by specialized providers with extensive knowledge and expertise in secure file transfer. These providers have dedicated teams that understand the complexities of file transfer processes and can offer guidance, best practices, and technical support.
The On-premises segment is generating the highest revenue share in the Global Managed File Transfer Market by Deployment Mode, and it would achieve a market value of $1.7 billion by 2030. Organizations may fully control every step of the file transfer process using on-premises MFT. According to their unique security demands, compliance constraints, and integration preferences, they can configure and adapt the system. Organizations have more control over the security of data because of on-premises MFT. In order to protect important files while in transit, they can adopt their own encryption standards, security procedures, and access controls.
The Small & Medium Enterprises (SMEs) segment has shown the growth rate of 11.6% during (2023 - 2030). MFT solutions prioritize data security during file transfers. They provide encryption, secure protocols, and authentication mechanisms to protect sensitive information from unauthorized access or interception. This is particularly crucial for SMEs that handle confidential customer data, financial records, or intellectual property. In addition, MFT solutions often include workflow orchestration capabilities, allowing SMEs to automate complex file transfer processes.
The BFSI segment is leading the Global Managed File Transfer Market by Vertical in 2022 thereby, achieving a market value of $824.1 million by 2030. In the BFSI sector, selecting a managed file transfer solution is very straightforward because FTP cannot satisfy all regulatory and compliance criteria. As financial data, as well as other information, are shared across participating firms, file sharing will occur in the BFSI sector. With managed file transfers, compliance issues can be made simpler because reporting and audit trail capabilities make it easy to confirm that rules and standards are being followed.
The North America market dominated the Global Managed File Transfer Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 billion by 2030. The Europe market is exhibiting a CAGR of 9.4% during (2023 - 2030). Additionally, The Asia Pacific market would register a CAGR of 11.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/managed-file-transfer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
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