Key Factor Supporting Global Managed File Transfer Market Development in 2025: Surge In Cyberattacks Propels Growth Of Managed File Transfer Market

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How Large Will the Managed File Transfer Market Size By 2025?
Recently, the size of the managed file transfer market has seen significant growth. It is expected to extend from a valuation of $1.6 billion in 2024 to $1.73 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. The expansion during the historical period is largely due to factors such as data security issues, regulatory compliance, process automation in business, globalisation, the rise in remote workforce, and increasing data volume.

How Big Is the Managed File Transfer Market Size Expected to Grow by 2029?
In the coming years, the market size of managed file transfer is predicted to experience a swift expansion, reaching a value of $2.65 billion by 2029 with an 11.2% compound annual growth rate (CAGR). The expected growth during the forecast period can be linked to competition and innovation among vendors, emphasis on automating processes and improving efficiency, business continuity planning, interoperability and integration via application interfaces, and trends in cloud migration. The forecast period also anticipates key trends including integration frameworks for interoperability, workflow automation integration, improvement in security protocols, adoption of cloud-based solutions, and an increase in managed services and outsourcing.

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Which Key Market Drivers Powering Managed File Transfer Market Expansion and Growth?
The surge in cyberattacks is propelling the expansion of the managed file transfer market. Cyberattacks imply unauthorized entry into computer systems intended to steal, expose, alter, deactivate, or obliterate information. The managed file transfer (MFT) service can provide enhanced security for company data, thereby boosting demand. For example, the UK Government reported in April 2023 that UK businesses had faced about 2.39 million cybercrime instances and nearly 49,000 instances linked to cybercrime fraud in the previous 12 months. Consequently, the rise in cyberattacks is fuelling the progression of the managed file transfer market.

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Which Fast-Growing Trends Are Poised to Disrupt the Managed File Transfer Market?
The rise in technology development is a prominent trend that is currently being seen in the managed file transfer market. One note-worthy advancement is the Diplomat MFT v9.1 managed file transfer system crafted by leading market participants. In June 2022, Coviant Software, an American company dedicated to producing solutions for managed file transfer, initiated the launch of the Diplomat MFT v9.1. This upgrade comes with an array of added features including data duplication, file syncing, and the capacity for parallel file transfers to multiple locations. These features prove valuable for clients who require simple and convenient file replication, such as disseminating site content to approved web farms or across data centers.

What Are the Emerging Segments in the Managed File Transfer Market?
The managed file transfermarket 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, Healthcare, 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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Who Are the Global Leaders in the Managed File Transfer Market?
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 are the Top Profitable Regional Markets for the Managed File Transfer Industry?
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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