File Transfer Protocol (FTP) Software Market Research Report - An Overview To The Future Opportunities Over The Globe

File transfer protocol (FTP) is a standard communication protocol used to send a file from PC to PC, with a good internet connection, and one of the PC is acting as a server. FTP software uses a client-server; therefore, it consists of two parts: an FTP server and an FTP client. A popular application for FTP is to download or upload files for archival or sharing of files that are too large to send on an email. FTPs are functioned by SSH (Secured Shell) clients and SFTP (Secured File Transfer Protocol) server.

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FTP software helps an organization to move enormous volumes of data on a routine basis. Managed file transfer (MFT) solutions are utilized by the higher authority of the company to protect sensitive data from the server, and an IPSwitch enables to view, manage, and control all activity through a single system.

Adoption of file transfer protocol (FTP) software is expected to increase, as it helps an organization to move large volume of data, and also secure internal, external, and ad-hoc data transfers through networks.

File Transfer Protocol (FTP) Software Market: Key Drivers

FTP is a software utility that establishes a connection between the remote server and the host computer. FTP software provides a dual-direction transfer of files and data between two PC over TCP networks.

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The FTP software provides a reliable means to transmit data between a remote host and local. The FTP client works when the host computer connects to the FTP server by specifying, IP address, domain, username, and password of that server. A key advantage of FTP software is when the connection is lost, it has the ability to resume the transfer and there is no limitation on the size of the file to be transferred

A major disadvantage of FTP software is that it does not encrypt the traffic; therefore, passwords, usernames, and other data can easily be read by capturing data packets. FTP is susceptible to packet capture and other attacks. Lack or limited awareness and high initial cost to implement and integrate File Transfer Protocol (FTP) software are expected to hamper the market

Impact of COVID-19 on the File Transfer Protocol (FTP) Software Market

Increase in cases of COVID-19 across the globe has led to an economic slowdown. Developed countries are strongly affected by the pandemic. COVID-19 has had a negative impact on file transfer protocol software market. Some companies have withheld all investments in advanced business solutions and tools due to the low return on investment.

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North America to Hold Major Share of the File Transfer Protocol (FTP) Software Market

In terms of region, the global File transfer protocol (FTP) software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America dominated the global file transfer protocol (FTP) software market in 2020. The U.S. is a key market in the adoption of new technologies. Strong financial position enables the country to invest heavily in the adoption of leading tools and technologies to ensure efficient business operations.

Key Players Operating in the Global File Transfer Protocol (FTP) Software Market

Hightail, Inc.

Hightail, Inc. was incorporated in 2004 and is headquartered in California, U.S. The company delivers protected digital file distribution services by subscription. It provides diverse services such as overnight delivery services and file transfer protocol sites. The company caters to governments, businesses, and professional agencies worldwide.

Axway

Axway was incorporated in 2001 and is headquartered in Arizona, U.S. The company provides a hybrid integration platform. The company focuses on managed file transfer, app integration, API management, content collaborations, and mobile integrations. The company's customers include financial institutions, retail, public, and healthcare sectors.

Other key players operating in the global file transfer protocol (FTP) software market include Saison Information Systems Co. Ltd., FileZilla, Jawk Softwares, Fresh Gravity Software Services Pvt. Ltd., BNT Soft, Softhub Technologies, and Softdna Software.

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