According to a new market report published by Transparency Market Research, the global managed file transfer market
was valued at US$ 1,093.5 Mn in 2016 and is expected to expand at a
CAGR of 7.9% from 2018 to 2026, reaching US$ 2,307.8 Mn by the end of
the forecast period. According to the report, North America was the most
significant contributor in terms of revenue to the managed file
transfer market in 2016.
The growing need for secure file transfer and government rules and regulations for transferring sensitive data drives the managed file transfer market
The need for sharing files between
multiple companies and systems has become critical for all enterprises.
At the same time, file types, size, and volume are increasing at a rapid
rate; hence, traditional sharing methods such as email are not very
helpful. Moreover, the exchange of large sensitive files, healthcare
records, financial reports, etc., has become common in enterprises. This
transfer brings high-security risks, especially if using FTP, email, or
other insecure transport options.
These problems are solved with the help
of managed file transfer solutions. Various rules and regulations have
emerged in the file transfer market to increase the security and
integrity of sensitive data. For instance, Payment Card Industry Data
Security Standard (PCI-DSS) for the payment industry, Health Insurance
Portability and Accountability Act (HIPAA) for the healthcare industry
in the U.S., and EU Data Protection Directive.
The global market for managed file
transfer is segmented on the basis of deployment, solution, model,
enterprise size, industry vertical, and region. Based on deployment, the
market has been segmented into cloud, on-premise, and hybrid. In terms
of solution, the market is bifurcated into software and professional
services. The software solution is further divided into suite and
standalone.
The standalone solution is further
divided into automated file transfer, file integration, file governance,
security & encryption, translation, mobile file sharing and
collaboration, file storage, advanced workflows and others (file
synchronization, file acceleration, etc.). Professional services are
sub-segmented into installation and integration, and support and
maintenance. Based on model, the market is categorized into
person-person, server-person, person-server, and business-business.
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