It has been estimated that global managed file transfer market value will exceed US$3 billion by 2026. Increased demand for secured and controlled measures to transfer large volumes of data and use of technically advanced security systems to combat cyberattacks with effective cross-platform transfer solutions, are significantly impacting managed file transfer industry trends. Managed file transfer solutions are employed by enterprises to ensure enhanced functionalities during large data transfers.

Apart from providing security and reliability features for end-user simplicity when transferring critical data, these solutions provide enhanced productivity in controlled file transfers. Growing need for enhanced visibility in file transfer processes across industries will elevate the adoption of key software solutions.

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Ad-hoc and cloud-based file transfers to boost performance

Cloud-based managed file transfer is preferred now by top enterprises. Major factors impacting the demand are easy operations in remote regions and adoption of cloud-based architecture by large companies. The industry size for this domain is anticipated to grow at a CAGR of over 16% over 2020-2026.

The ad-hoc managed file transfer market share is projected to register a CAGR of over 15% through 2026. The ad-hoc file transfers or person-to-person file transfers are considerably effortless and minimize the dependency on third-party software for transfer of sensitive data.

Large enterprises to adopt advanced solutions

Large-scale companies deal with complex and critical data transfers. Simplification of mission-critical file transfers and minimizing monetary loss are factors driving the managed file transfer market. The large enterprise customers will represent, for the managed file transfer industry, a CAGR of around 10% up to 2026 in terms of annual revenues.

A product of IBM, IBM Sterling Secure File Transfer provides a unified platform for file transfers to share and track mission-critical information across the enterprise trading partner network. It also promises reliable, consolidated, scalable and automated file transfers.

Data management advancements in the healthcare sector

Managed file transfer solutions are deployed in healthcare sector for sharing and managing critical data records like device readings and patient’s medical histories. For an instance, with the fiercely growing COVID-19 cases in the present days, healthcare facilities can rely on adopting MFT solutions for better functioning.

Health Insurance Portability and Accountability Act (HIPAA) is a regulatory compliance supporting managed file transfers, raising the market valuation across the healthcare sector. From healthcare applications, the managed file transfers market forecast was pegged at 16% CAGR through 2026.

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Expanding BFSI sector in the Asia Pacific region

Organizations in APAC countries like India and China deploy MFT methods for achieving cost-effective, secure communication solutions with seamless virtual integration. The expansion of managed file transfer market share in the Asia Pacific can be estimated to reach a CAGR of above 15% in coming years. BFSI companies functioning in these regions use managed file transfers for attaining an improved customer experience.

For instance, Wipro Limited’s Managed File Transfer-as-a-Service platform based on Microsoft Azure, accelerates secure client onboarding providing optimum service quality for organizations. Some of the major companies dominating this industry are IBM Corporation, Axway Inc., Saison Information System and Progress Software Corporation.  

Solution providers are primarily focused on adopting advanced methods of file transfers that promote hybrid cloud structures. To quote two instances, MOVEit, launched by Progress Software Corporation, in May 2020, is based on automated and secure file transfer solutions for on-premise and cloud infrastructures. GlobalSCAPE Inc., in January 2020, released Version 8.0 of its MFT platform for advanced cloud migration tools.

Table of Contents (ToC) of the report:

Chapter 1.    Methodology & Scope

1.1.    Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definitions

1.1.6. Methodology & forecast parameters

1.2.    Data Sources

1.2.1. Secondary

1.2.1.1.    Paid sources

1.2.1.2.    Public sources

1.2.2. Primary

Chapter 2.    Executive Summary

2.1.    Managed file transfer market 360º synopsis, 2015 - 2026

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.3.1.    Solutions trends

2.1.3.2.    Service trends

2.1.4. Deployment model

2.1.5. Organization size trends

2.1.6. Application trends   

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