Secure File Transfer Market Size, Share, Trends And Overview Report 2024

The Business Research Company recently released a comprehensive report on the Global Secure File Transfer Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The secure file transfer market size has grown strongly in recent years. It will grow from $2.08 billion in 2023 to $2.28 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to data security concerns, demand for automation, globalization and data exchange, data breach incidents, integration of cloud services.

The secure file transfer market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing cybersecurity threats, increased use of iot devices, cloud integration and hybrid solutions, growing volume of data transfers, focus on user authentication and access control. Major trends in the forecast period include blockchain integration in security, ai-powered threat detection, end-to-end encryption solutions, mobile-friendly secure transfer, zero-trust security frameworks.

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Market Drivers and Trends:

The growing demand for cloud-based technologies is expected to propel the growth of the secure file transfer market going forward. Cloud-based file transfer solutions can aid secure information transfer by offering encryption, access control, and other security features. These systems may also include secure file sharing and collaboration features, allowing users to exchange files with others while controlling who has access to them. For instance, in December 2021, according to a survey report published by O'reilly Media Inc., a US-based publishing platform, Approximately 90% of those surveyed said their companies use cloud computing. Comparing it to 88% last year, there is a slight uptick.At least 75% of the respondents are employed by cloud-using companies across all industries. The sectors of software, retail & e-commerce, and finance & banking are the most proactive.A public cloud is used by two thirds of respondents (67%) followed by a private cloud (45%) and traditionally managed on-premises infrastructure (55%). Therefore, the growing demand for cloud-based technologies is driving the growth of the secure file transfer market.

Technological innovations are the key trends gaining popularity in the secure file transfer market. Companies operating in the secure file transfer market are adopting new technologies to sustain their position in the market. For instance, in January 2023, FileCloud, a US-based company that specializes in file sharing, synchronization, and backup solutions, launched zero-trust file-sharing technology. This technology is developed to safeguard data within the environment, Zip file structures and password protection are used to achieve Zero Trust. The user will be able to specify a Zero Trust password and create a sharing link to a file or folder. The data cannot be accessed without this password, regardless of whether a direct link is supplied or a breach happens.

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Major Key Players of the Market:

Accellion Inc.; Axway India Private Limited; Box Inc.; Citrix Systems Inc.; Egnyte Inc.; Google LLC; GlobalSCAPE Inc.; International Business Machines Corporation (IBM); Microsoft Corporation; Progress Software Corporation; Attunity Ltd.; Coviant Software LLC; Saison Information Systems Co Ltd.; BlackBerry Limited; Biscom Inc.; Ipswitch Inc.; CTERA Networks Ltd.; HelpSystems LLC; Hightail Inc.; Huddle; Seeburger AG; SolarWinds Worldwide LLC; South River Technologies Inc.; Cleo Communications Inc.; Cornerstone Technology S.A.; DataMotion Inc.; FileCatalyst; FileZilla; Flux Corporation; JSCAPE; Leapfile Inc.; Linoma Software

Secure File Transfer Market 2024 Key Insights:

• The secure file transfer market will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
• Secure File Transfer Market Growth Amidst Escalating Demand For Cloud-Based Technologies
• Zero-Trust File-Sharing Technology In The Secure File Transfer Market
• North America was the largest region in the secure file transfer market in 2023

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