Managed File Transfer Market Managed File Transfer Market

“The Global Managed File Transfer Market was valued around US$ 989.7 Mn by 2018 and growing at a
significant CAGR of 10.6% over next seven years 2019-2025 due to growing need of data security and
governance”
The global managed file transfer market accounted for US$ 989.7 Mn in 2018 and burgeoning over the
forthcoming years. Demand for the real-time visibility to the file transfer transactions, growing need of
data security and governance and continuous improvements in the file transfer technology together
with automation for better accuracy are some key factors fueling the market growth. Also, performance
improvements & cost efficiency and growing demand for cloud-based technologies are other factors
responsible for the market growth. However, factors such as lack of awareness amongst end users and
preference for traditional file transfer substitutes are hampering the market growth.
Global managed file transfer market segmented on the basis of deployment type, solution, service,
organization size and region.
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Cloud Dominate the Global Managed File Transfer Market
Based on deployment type, global managed file transfer market segmented into Cloud and On-Premises.
Cloud held considerable market share during forecast period. Today, cloud adoption has become far
more common and almost ever-present in its application in businesses. As cloud solution providers have
matured, so have their security credentials, opening up the opportunity of running entire network
infrastructures in cloud environments. Cloud based managed file transfer solutions open up much
smaller companies to services and features which were simply unattainable previously. The benefit for
cloud based managed file transfer solutions are that they will include committed and trained resources
provided by the cloud provider themselves, for these very purposes.
North America Leads the Global Managed File Transfer market
PBI’s global Managed File Transfer market report analyses the market in different regions such as North
America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.
North America accounted for larger revenue share in global managed file transfer market with
considerable CAGR due to increasing investments in the IT and telecom sector and high acceptance of
BYOD as there is an enhanced electronic device penetration. USA is the major contributor for the growth
of the market in the region owing to existence of organizations like IBM, Oracle, CA Technologies, etc.
and the growing demand for managed file transfer solutions in the media and entertainment sectors.
Further, Asia Pacific held substantial market share during estimated period.
Strategic New Product Launches are the key strategies adopted by market players
Global Managed File Transfer market further reveals that the key players increasingly adopting
strategies such as launch of newer products, frequent product approvals, and long term alliance to
improve market revenue share and gaining significant geographic presence across the region. For
Instance, in May 2019, ProgressNEXT launched Progress Sitefinity 12. With this release, Progress has
brought Sitefinity to the cloud and provides new levels of productivity, efficiency and faster time-to-
market.