Managed File Transfer Market Growth, Demand Forecast, Research Analysis, Trends & Market Size & Share 2018-2026

Managed File Transfer Market – Overview

Managed File Transfer is a file transfer solution that automates and secures file transfers. Managed file transfer solutions help businesses improve security and provide assistance in meeting compliance requirements.

The engine of growth managed file transfer market is the increased need to protect sensitive business data. Managed File Transfer solutions provide a secure, audited method to automatically transfer information inside and outside the enterprise. Additionally, this solution can be deployed in a cloud, on-premises, and hybrid environment. As the file size increases, traditional solutions such as FTP (File Transfer Protocol) cannot meet the requirements. Managed File Transfer offers users a modular design, integrated interfaces, business application connectors, and advanced managed folder functionality. Additionally, it can be seamlessly integrated with enterprise business processes and IT workflows. Managed File Transfer solutions offer solutions for data security, file governance, file storage, file integration, and translation. Additionally, it is capable of offering solutions and services for any business model such as person-to-person, person-to-server, server-to-server, and business-to-business.

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The global managed file transfer market is segmented on the basis of deployment, solution, model, company size, industry vertical, and region. Based on deployment, the market has been segmented into cloud, on-premises and hybrid. In terms of solution, the market is divided into software and professional services. The software solution is further divided into suite/integrated and standalone. The standalone solution is further divided into Automated File Transfer, File Integration, File Governance, Security & Encryption, Translation, Mobile File Sharing & Collaboration, File Storage, Advanced Workflows, and Others (File Sync, Acceleration files, etc).

Professional services are sub-segmented into installation and integration, and support and maintenance. Based on the model, the market has been categorized into person-person, server-person, person-server, and business-business. In terms of enterprise size, the market is fragmented into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprise segment is estimated to account for the highest market share in 2018 due to the early adoption of managed file transfer. However, the small and medium enterprise (SMB) segment is expected to grow at the highest CAGR owing to the growing need for efficient file transfer solutions. The market is segmented on the basis of industry vertical into BFSI (banking, financial services and insurance), IT and telecommunications, government, healthcare, logistics, education, retail, media and entertainment, manufacturing, energy and utilities , and others (travel and hospitality). , legal, construction, etc.).

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Geographically, the global managed file transfer market is divided into North America, Asia-Pacific, Europe, South America, Middle East & Africa. North America and Europe dominate the global managed file transfer market. This is due to growing concerns about file security. Additionally, government rules and regulations in various industries in these regions are further driving the growth of the market. These include the Payment Card Industry Data Security Standard (PCI-DSS) for the payments industry and the Health Insurance Portability and Accountability Act (HIPAA) for the US healthcare industry. United States and Europe. The Asia-Pacific region market is expected to register the highest growth owing to the growth in digitalization and industrialization. The Middle East and Africa and South Africa markets are expected to grow at a slow pace due to a lack of awareness of managed file transfer solutions.

The global managed file transfer market is highly competitive. Innovations and acquisitions further increase market competitiveness. For example, in March 2015, Open Text Corporation released a new version of Managed File Transfer that provides fast and secure file transfer capabilities. The latest version of Managed File Transfer also offers increased security and versatility to support the future of Managed File Transfer in EIM (Enterprise Information Management).

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The rise in the number of cyberattacks is forcing businesses to adopt managed file transfer solutions in order to securely transfer and share different types of information. Managed file transfer solutions typically use built-in encryption techniques such as Open Pretty Good Privacy (PGP), Secure Sockets Layer (SSL), Secure Shell (SSH), and Advanced Encryption Standard (AES) to securely transfer files. sensitive data by securely encrypting it. .

Managed File Transfer is an innovation step that supports different security protocols, for example, TTPS, SFTP, FTPS and automation capabilities, to securely transfer different types of data in and out. outside of a company. Managed file transfer solutions help support various regulations and directives, for example, the Health Insurance Portability Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR) of the EU. These strict government regulations on data security and privacy will fuel the market revenue. The step offers advantages, for example, visibility, announcement, logging, security and tracking compared to conventional file transfer solutions.

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