Cloud MFT (Managed File Transfer) Services Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

What industry-specific factors are fueling the growth of the cloud mft (managed file transfer) services market?
The rise in cyber-attack incidents is projected to spur the expansion of the cloud-managed file transfer (MFT) services market. Cyber-attacks consist of hostile and intentional actions by individuals or groups seeking illicit access to computer systems, networks, devices, or data, and aiming to cause harm or disruption. Cloud MFT services are designed to counter these threats by incorporating features such as encryption, access management, and security auditing, which help prevent data breaches and unauthorized access. As an example, according to the Australian Signals Directorate's 2023 ASD Cyber Threat Report, ReportCyber received close to 94,000 reports of cybercrime in the 2022-23 fiscal year, indicating a 23% rise from the previous year. This equates to a report every six minutes. Thus, the escalating incidents of cyber-attacks are contributing to the growth of the cloud-managed file transfer (MFT) services market. Cloud MFT (Managed File Transfer) Services Market Driver: Cloud MFT(Managed File Transfer) Services Market

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What Is the projected market size and growth rate for the cloud mft (managed file transfer) services market?
The market size for cloud MFT (managed file transfer) services has seen a swift expansion in the last few years. The value will increase from $2.46 billion in 2024 to $2.86 billion in 2025, marking a compound annual growth rate (CAGR) of 16.4%. This growth trajectory in the historical timeframe can be credited to the rising demand for business automation and smoother workflows, business resiliency and disaster recovery plans, an upsurge in data volumes and complexity, data accessibility and availability, along with integration with hybrid IT environments.

The market size of cloud MFT (managed file transfer) services is predicted to undergo swift expansion in the forthcoming years, with an expected value of $5.4 billion in 2029 and a compound annual growth rate (CAGR) of 17.2%. The predicted growth in the forecast period is credited to factors like cost-saving measures, reduction in overheads, industry-specific compliance demands, business continuity, disaster recovery, enhancement in automation and workflow, and the surge in data volumes and complexity. Some key trends in the forecast period consist of the rising demand for real-time data transfer, emphasis on user experience, increase in remote collaboration, and integration with advanced technologies.

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How are the latest trends influencing the growth of the cloud mft (managed file transfer) services market?
Leading market operators are innovating their managed file transfer system to offer added advantages to their customers. They're enhancing its functionality through feature additions, bug fixes and performance upgrades. For instance, in June 2022, Coviant Software, a US company specializing in managed file transfer solutions, introduced the Diplomat MFT v9.1. This upgraded platform offers various extra benefits like data replication, file synchronization, and support for concurrent file transfers to varied endpoints. Subsequently, this tool can be beneficial for customers requiring to duplicate files, like website content, for easy dispersion to authorized web farms and spanning data centers.

What major market segments define the scope and growth of the cloud mft (managed file transfer) services market?
The cloud MFT (managed file transfer) services market covered in this report is segmented -

1) By Type: Public, Private, Hybrid
2) By Enterprise Size: Large Enterprises, Small And Medium-Sized Enterprises
3) By End Use: Government, Banking Financial Services And Insurance (BFSI), Retail, Manufacturing, Energy Utility, Information Technology (IT) And Telecommunication, Other End Users

Subsegments:
1) By Public: Public Cloud File Transfer Services, Multi-Tenant Public Cloud Solutions
2) By Private: Dedicated Private Cloud File Transfer Services, Single-Tenant Private Cloud Solutions
3) By Hybrid: Hybrid Cloud File Transfer Solutions, Multi-Cloud Integration Services

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Which region dominates the cloud mft (managed file transfer) services market?
North America was the largest region in the cloud-managed file transfer (MFT) services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud mft (managed file transfer) services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the cloud mft (managed file transfer) services industry growth?
Major companies operating in the cloud managed file transfer services market report are Amazon Web Services Inc., The International Business Machines Corporation, Oracle Corporation, Microsoft Azure, Broadcom Inc., Wipro Ltd., Lumen Technologies Inc., CA Technologies Limited, Citrix ShareFile is Citrix Systems Inc., Rackspace Technology Inc., Tibco Software Inc., Software AG, DigitalOcean Holdings Inc., Virtustream, Saison Information System Co. Ltd., Attunity, Open Text Corporation, Axway Software, Accellion Inc., South River Technologies Inc., Biscom Inc., Signiant Inc., Linoma Software, Hightail, Coviant Software LLC, FileCatalyst

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What Is Covered In The Cloud MFT (Managed File Transfer) Services Global Market Report?

• Market Size Forecast: Examine the cloud mft (managed file transfer) services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the cloud mft (managed file transfer) services market for a structured understanding.
• Key Players Overview: Analyze major players in the cloud mft (managed file transfer) services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud mft (managed file transfer) services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the cloud mft (managed file transfer) services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud mft (managed file transfer) services market.
• Industry Challenges: Identify potential risks and obstacles affecting the cloud mft (managed file transfer) services market.
• Competitive Landscape: Review strategic developments in the cloud mft (managed file transfer) services market, including expansions, agreements, and new product launches.

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