Managed File Transfer Market By Type (Software, Service), By Software (System-Centric File Transfer, People-Centric File Transfer, Extreme File Transfer), By Service (Implementation & Integration, Consulting, Support), By End User (BFSI, Media & Entertainment, Retail, Manufacturing, IT & Telecom And Others) – Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Managed file transfer software is gaining traction among end-user organizations as it offers advanced features over traditional file transfer protocol (FTP) software. Also, the increasing need for enterprises to enhance data security and governance is boosting the growth of the managed file transfer market across the globe. Further improved business performance and productivity are driving the market growth.

Due to its superiority over traditional FTP, the deployment of advanced managed file transfer software is increasing in the banking and financial sectors. However, the exposure of confidential data to third-party vendors is impeding the adoption of managed file transfer among end-user organizations. Additionally, a lack of awareness among end users regarding the benefits of managed file transfer solutions is expected to hamper the market growth to a certain extent over the forecast period.

Report Scope

This report analyses the global managed file transfer market in terms of type, service, end user, and geography. The global managed file transfer market has been segmented based on type into software and services. The software segment consists of system-centric file transfer software, people-centric file transfer software, and extreme file transfer software. On the basis of service, the global managed file transfer market is segmented into implementation and integration services, consulting services, and support services.

Based on end users, the market is bifurcated into BFSI, media & entertainment, retail, manufacturing, IT & telecom, and others. The global managed file transfer market covers major geographies such as North America, Europe, Asia Pacific, and the Rest of the World.

Major players in the managed file transfer market are concentrating on entering strategic partnerships to introduce advanced services for end-user organizations and individuals. This helps key vendors enhance their industry presence. Also, acquisitions and mergers are other major strategies followed by major vendors in the globally managed file transfer market.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Global Managed File Transfer Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global Managed File Transfer market.

Target Audience

  • Managed File Transfer Solution Providers
  • Providers of Management File Transfer Services
  • System Integrators
  • third-party vendors
  • Government

On the basis of software, the global managed file transfer market is categorized into the following sub-segments:

  • system-centric file transfer
  • People-centric File Transfer
  • Extreme File Transfer

As of 2015, system-centric file transfer was the dominant sub-segment among all types of software in the global managed file transfer market, accounting for over half of the overall market. Additionally, the sub-segment is expected to continue its dominance by 2023. This is mainly attributed to the increasing demand for software that can support file transfers among applications with enhanced security and reliability.

However, the extreme file transfer software segment is expected to expand at the highest CAGR over the forecast period, 2016–2023. Organizations are increasingly using extreme file transfer software to exchange or share large files. This software solves problems associated with transferring large files to far-off destinations without data loss. Also, extreme file transfer software overcomes the shortcomings of conventional TCP/IP.

On the basis of end-user vertical, the global managed file transfer market is categorized into the following segments:

  • BFSI
  • Media & Entertainment
  • Retail
  • Manufacturing
  • IT & Telecom
  • Others

As of 2015, the global managed file transfer market was dominated by the BFSI end-user segment. The segment accounted for over 20% of the global managed file transfer market's revenue in the same year. With the ongoing digitization of business models and data in the BFSI sector, the need for secure and reliable internal or external file transfers is increasing.

This is driving the demand for managed file transfer solutions in the sector. Also, major banks are bringing managed file transfer software in-house to meet government regulations. Media & Entertainment was the second-largest end-user segment in the market in 2015. In this sector, managed file transfer software is being increasingly used to share videos, press collateral, graphics, and screenplays.

On the basis of geography, the global managed file transfer market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • United Kingdom
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

In 2015, North America was the largest regional market in terms of revenue contribution and accounted for more than 40% market share, followed by Europe. In North America, the U.S. is a major market for managed file transfer solutions and service providers. Major end-user industries in the country, such as BFSI and the media and entertainment sectors, are increasingly investing in advanced file transfer solutions to improve data security and reliability.

However, the market in Asia Pacific is expected to grow at the fastest CAGR owing to the rising digitization of businesses and the increasing volume of digital data in large, midsize, and small enterprises in the region. Major markets in the Asia Pacific, such as China and India, are expected to create growth opportunities for major vendors operating in the market.

Frequently Asked Questions:

The market for Managed File Transfer Market is expected to reach US$ XX Mn By 2023.

The Managed File Transfer Market is expected to see significant CAGR growth over the coming years, at 6%.

The report is forecasted from 2016 – 2023.

The base year of this report is 2015.

IBM Corporation, Axway Inc., CA Technologies Inc., GlobalSCAPE Inc. are some of the major players in the global market.

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Published Date:  Jan 2017
Category:  Technology & Media
Report ID:   58326
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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