Managed file transfer software is gaining traction among end-user organizations as it offers advanced features over traditional file transfer protocol (FTP) software. Also, increasing need of enterprises to enhance data security and governance is boosting growth of the managed file transfer market across the globe. Further, improved business performance and productivity is driving the market growth. Due to its superiority over traditional FTP deployment of advanced managed file transfer software is increasing in the banking and financial sector. However, exposure of confidential data to third party vendor is impeding the adoption of managed file transfer among end user organizations. Additionally, lack of awareness among end users regarding the benefits of managed file transfer solutions is expected to hamper growth of the market to certain extent over the forecast period.
Report Scope
This report analyzes the global managed file transfer market in terms of type, service, end user, and geography. The global managed file transfer market has been segmented based on type into software and service. The software segment consists of system-centric file transfer software, people-centric file transfer software, and extreme file transfer software. On the basis of service, the global managed file transfer market is segmented into implementation & integration service, consulting, service and support service. Based on end user, the market is bifurcated into BFSI, media & entertainment, retail, manufacturing, IT & Telecom and others. The global managed file transfer market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.
Major players in the Managed File Transfer market are concentrating on entering strategic partnership to introduce advanced services for end-user organizations and individuals. This helps key vendors to enhance their industry presence. Also, acquisition & mergers is another major strategy followed by major vendors in the global managed file transfer market.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Managed File Transfer Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global Managed File Transfer market.
Target Audience
USP and Key Offerings
The report titled “Global Managed File Transfer Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global Managed File Transfer market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on software, service, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading Managed File Transfer vendors, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global managed file transfer market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.
On the basis of software, the global managed file transfer market is categorized into following sub-segments:
As of 2015, system-centric file transfer was the dominant sub-segment among all types of software in the global managed file transfer market, accounting for over half of the overall market. Additionally, the sub-segment is expected to continue its dominance by 2023. This is mainly attributed to increasing demand of software that can support transfer files among applications with enhanced security and reliability. However, the extreme file transfer software segment is expected to expand at the highest CAGR over the forecast period, 2016 – 2023. Deployment of extreme file transfer software is increasing in organization to exchange or share files with large size. This software solves problems associated with transferring large sized files to far destination without data loss. Also, extreme file transfer software overcomes the shortcomings of conventional TCP/IP.
On the basis of end-user vertical, the global managed file transfer market is categorized into following segments:
As of 2015, the global managed file transfer market was dominated by BFSI end user segment. The segment accounted for over 20% of the global managed file transfer market revenue in the same year. With ongoing digitization of business model and data in BFSI sector need of secure and reliable internal or external transfer of files is increasing. This is driving the demand of managed file transfer solutions in the sector. Also, majors banks are bringing managed file transfer software in house to meet government regulations. Media & entertainment was the second-largest end user segment in the market in 2015. In this sector managed file transfer software is being increasingly used to share videos, press collaterals, graphics and screenplays.
In 2015, North America was the largest regional market in terms of revenue contribution and accounted for more than 40% market share, followed by Europe. In North America, U.S. is a major market for managed file transfer solutions and service provides. Major end user industries such as BFSI and media & entertainment sectors in the country are increasingly investing advanced file transfer solutions to improve data security and reliability. However, the market in Asia Pacific is expected to grow at a fastest CAGR owing to rising digitization of businesses and increasing volume of digital data in large, mid and small enterprises in the regions. Major markets in Asia Pacific such as China and India is expected to create growth opportunities for major vendors operating in the market.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Managed File Transfer market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Type
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Software
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Service
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End User
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
