Surge In Cyberattacks Propels Growth Of Managed File Transfer Market: Powering Innovation and Expansion in the Managed File Transfer Market by 2025

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Managed File Transfer Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the managed file transfer market has seen a robust growth in the past few years. It is projected to rise from $1.6 billion in 2024 to $1.74 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. The expansion during the historical period is credited to issues related to data security, regulatory compliance, business process automation, globalization, the emergence of a remote workforce, and the growth of data volumes.

Managed File Transfer Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the managed file transfer market is anticipated to experience a swift expansion. By 2029, it's predicted to reach a size of $2.68 billion, reflecting an 11.4% compound annual growth rate (CAGR). The projected growth in the aforementioned period can be credited to elements such as vendor rivalry and innovation, strategies for business continuity, emphasis on automation and efficiency, API integration, and adaptability, and trends in migration to the cloud. The forecast period will also witness key trends such as incorporation and interoperability frameworks, fusion with workflow automation, heightened security protocols, the increased acceptance of cloud-based solutions, along with an upswing in managed services and outsourcing.

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What Are the Drivers Transforming the Managed File Transfer Market?
The rising incidence of cyberattacks is propelling the expansion of the managed file transfer market. Cyberattacks involve unauthorized penetration into computer systems with an intent to steal, expose, alter, disable, or ruin information. The deployment of managed file transfer (MFT) solutions can enhance the security of a company's data, thereby boosting its demand. For example, in April 2023, the UK Government revealed that UK businesses endured a staggering 2.39 million cybercrime incidents and nearly 49,000 fraud cases related to cybercrime over the last 12 months. As such, the rising cyberattacks are fuelling the growth of the managed file transfer market.

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What Long-Term Trends Will Define the Future of the Managed File Transfer Market?
One notable trend growing in prominence within the managed file transfer market is the advancement of technology. Major industry players are creating improved versions of managed file transfer systems, like the Diplomat MFT v9.1, which offer an array of additional benefits for end-users. For example, Coviant Software, an American business known for their managed file transfer solutions, revealed the Diplomat MFT v9.1 in June 2022. This updated platform offers several enhanced features such as data replication, file synchronization, and the capability for simultaneous file transfers to various locations. Such solutions prove advantageous for clients requiring file replication, including website content, facilitating distribution to sanctioned web farms and data centers efficiently.

Which Segments in the Managed File Transfer Market Offer the Most Profit Potential?
The managed file transfer market covered in this report is segmented -

1) By Service: Consulting and system integration, Support and maintenance
2) By Solution: Application-centric, People-centric, Ad-hoc
3) By Deployment type: Cloud, On-Premises
4) By Organization size: Small and Medium Enterprises (SMEs), Large enterprises
5) By End-user Industry: Information Technology And Telecommunication, Banking, Financial Services and Insurance (BFSI), Retail, Healare, Media and Entertainment, Other End-user Industries

Subsegments:
1) By Consulting and System Integration: Strategy Development, Implementation Services, Workflow Design
2) By Support and Maintenance: Technical Support Services, Software Updates and Upgrades, Performance Monitoring and Optimization

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Which Firms Dominate the Managed File Transfer Market by Market Share and Revenue in 2025?
Major companies operating in the managed file transfer market include International Business Machines Corporation, Oracle Corporation, Wipro Limited, OpenText Corporation, Micro Focus International plc, Software AG, TIBCO Software Inc., Progress Software Corporation, HelpSystems LLC, Axway Software, Accellion Inc., Globalscape, Kiteworks, Cleo Communications, Signiant Inc., DataMotion Inc., Thru Inc., Jscape LLC, Coviant Software, Biscom Inc., SFTPPlus, Copperfasten Technologies, SmartFile, FileCatalyst

Which Regions Offer the Highest Growth Potential in the Managed File Transfer Market?
North America was the largest region in the managed file transfer market share in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed file transfer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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