The global managed file transfer (MFT) market is estimated to be valued at USD 2 billion in 2023. The market is projected to reach USD 5.3 billion by 2033, exhibiting a CAGR of 10.1% from 2023 to 2033.
Increasing cloud adoption for securely transferring and sharing multiple types of data is expected to drive demand for managed file transfer in the coming years.
The industry is anticipated to expand significantly as a result of factors such as increasing demand for dependable and cost-effective managed file transfer solutions, growing digitization of the workspace, expanding demand for high-performance managed file transfer solutions, and escalating accessibility to cost-effective managed file transfer software, as well as innovations in technology.
In today's world, information is regarded as the most valuable asset, and the transfer and exchange of data from B2B or privately stored have become essential. Although, with the support of managed file transfer applications, a company may transfer files or any data in an efficient and safe way. There are no restrictions on file size, value, or type.
When contrasted to the conventional approach of file transfer, managed file transfer is favored by the company and serves a significant part in data transfer with a spike in information traffic and exposure to hacking or malware, managed file transfer software substantially decreases the danger.
| Attributes | Details |
|---|---|
| Managed File Transfer (MFT) Market Value (2022) | USD 1.8 billion |
| Managed File Transfer (MFT) Market Value (2023) | USD 2 billion |
| Managed File Transfer (MFT) Market Expected Value (2033) | USD 5.3 billion |
| Managed File Transfer (MFT) Market Projected CAGR (2023 to 2033) | 10.1% |
Managed file transfer market was estimated to grow at a CAGR of 8% over the historical period ranging from 2018 to 2022. Managed file transfer has drawn enormous interest in recent years owing to the emergence of cloud-based managed file transfer solutions.
The BFSI, telecommunications, and other sectors have shown an elevated need for managed file transfer applications and services for managing regular workflow. This is projected to lead to revenue generation in the market over the forecast time frame.
Consistent advancement and deployment of new technologies including managed file transfer as-a-service (MFTaaS) solutions and cloud computing systems for autonomously encrypting data before the transfer, guaranteeing safety, and centralization and flexibility, among others, is creating prospects for managed file transfer solution spending expansion.
The main variables promoting a growing number of managed file transfer companies offering novel solutions for company continuity are benefits such as enhanced company productivity, robust information movement, and lower costs.
The incorporation of technologies such as IoT, Big Data, Artificial Intelligence, and others is projected to contribute to the expansion of the managed file transfer market with significantly increased capacities and functionality.
With the prevalence of automation patterns, it has become more crucial for sectors to seek approaches that can provide facilities that lower infrastructure expenses.
Cloud-based solutions provide improved efficiency and predicted quality of service to meet expanding demands, including high reliability, mixed management of workloads, near real-time information loads, and complicated query processing. As a result, businesses are turning to the cloud-based model of managed file transfer solutions as a superior choice for swiftly growing file-sharing services throughout the business environment.
Some of the factors impeding the development of the Managed File Transfer Software Market include the sheer number of firms in the market, which leads to intense rivalry in the market, as well as the accessibility of substitutes including share services and file sync.
Other variables impeding market growth include a lack of understanding and reliance on conventional technologies. The Managed File Transfer Software Market experienced decreases in growth during the recent COVID-19 outbreak. Although the marketplace is projected to recover and grow following the pandemic.
Due to the region's substantial number of MFT providers, North America will be the most significant market for managed file transfer. The growth is owing to an increase in demand for managed file transfer across a variety of industries, including BFSI, media & entertainment, retail, manufacturing, telecommunications, and others. According to the report, overall spending on managed file transfer solutions in the United States is expected to rise by 8.2% between 2023 to 2033.
The United States accounted for approximately 26.5% of the global managed file transfer market in 2022. The increased adoption of cloud computing applications in industries has fueled growth in the North American market for MFT solutions.
The adoption of managed file transfer software by German government organizations is encouraging MFT solution providers to introduce solutions designed specifically to meet the needs of government departments in the region. Over the forecast period, the German market is expected to grow at a CAGR of 6.7%.
The implementation of GDPR-based requirements across different entities is expected to benefit it. Companies such as HelpSystems provide managed file transfer solutions in addition to GDPR compliance. Over the forecast period, this is expected to contribute to an increase in demand for managed file transfer.
China and Japan are providing the market with lucrative growth opportunities. East Asia's IT and telecom sectors are expanding rapidly as the number of Tier II and Tier III solution providers increase. This creates an ideal environment for market expansion.
The expansion of China's cloud computing market remains to be a key growth driver. With China's cloud infrastructure expected to grow at an exponential rate, demand for MFT solutions and services is anticipated to rise as well. The MFT market in China is anticipated to expand at a CAGR of 11.7% over the forecast period.
According to the& olution, the market is divided into two parts: software and services. The managed file transfer software segment dominated the market in terms of value, accounting for nearly 75.9% of the total market value share by the end of 2022.
There were several types of managed file transfer software in the software segment, including system-centric file transfer, people-centric file transfer, and extreme file transfer.
The market is divided into industries such as IT & Telecom, BFSI, healthcare, retail, media & entertainment, manufacturing, and others. The global managed file transfer market is dominated by the BFSI industry, which was expected to account for 28% of total market value by the end of 2022.
Because of the growing demand for improved safety and security in banking and financial transactions, the BFSI segment is expected to remain a key end user in the global MFT software & services market.
Top players in the managed file transfer solution industry employ a novel product introduction as a key strategy. They intend to boost their business revenue by doing so. To increase their market share, managed file transfer solution providers are focusing on product/service innovation.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.1% from 2023 to 2033 |
| Market Value in 2023 | USD 2 billion |
| Market Value in 2033 | USD 5.3 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, Malaysia, Singapore, Thailand, China, Japan, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Segments Covered | Solution, Industry, Region |
| Key Companies Profiled | Axway Inc.; GlobalSCAPE, Inc.; IBM Corporation; Micro Focus; Software AG; Oracle Corporation; Wipro Limited; Signiant Inc.; OpenText Corporation; CA Technologies Inc. |
| Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 4: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: Latin America Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 10: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 11: Europe Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 12: Europe Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 13: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: South Asia Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 15: South Asia Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 16: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: East Asia Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 18: East Asia Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 19: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Oceania Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 21: Oceania Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 22: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 23: MEA Market Value (US$ Million) Forecast by Solution, 2018 to 2033
Table 24: MEA Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Solution, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Industry, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 13: Global Market Attractiveness by Solution, 2023 to 2033
Figure 14: Global Market Attractiveness by Industry, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ Million) by Solution, 2023 to 2033
Figure 17: North America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 28: North America Market Attractiveness by Solution, 2023 to 2033
Figure 29: North America Market Attractiveness by Industry, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Million) by Solution, 2023 to 2033
Figure 32: Latin America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 43: Latin America Market Attractiveness by Solution, 2023 to 2033
Figure 44: Latin America Market Attractiveness by Industry, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Europe Market Value (US$ Million) by Solution, 2023 to 2033
Figure 47: Europe Market Value (US$ Million) by Industry, 2023 to 2033
Figure 48: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Europe Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 53: Europe Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 55: Europe Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 56: Europe Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 58: Europe Market Attractiveness by Solution, 2023 to 2033
Figure 59: Europe Market Attractiveness by Industry, 2023 to 2033
Figure 60: Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: South Asia Market Value (US$ Million) by Solution, 2023 to 2033
Figure 62: South Asia Market Value (US$ Million) by Industry, 2023 to 2033
Figure 63: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 64: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 65: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: South Asia Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 68: South Asia Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 69: South Asia Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 70: South Asia Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 71: South Asia Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 72: South Asia Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 73: South Asia Market Attractiveness by Solution, 2023 to 2033
Figure 74: South Asia Market Attractiveness by Industry, 2023 to 2033
Figure 75: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ Million) by Solution, 2023 to 2033
Figure 77: East Asia Market Value (US$ Million) by Industry, 2023 to 2033
Figure 78: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 80: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: East Asia Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 83: East Asia Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 84: East Asia Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 85: East Asia Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 88: East Asia Market Attractiveness by Solution, 2023 to 2033
Figure 89: East Asia Market Attractiveness by Industry, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: Oceania Market Value (US$ Million) by Solution, 2023 to 2033
Figure 92: Oceania Market Value (US$ Million) by Industry, 2023 to 2033
Figure 93: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: Oceania Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 98: Oceania Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 99: Oceania Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 100: Oceania Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 101: Oceania Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 102: Oceania Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 103: Oceania Market Attractiveness by Solution, 2023 to 2033
Figure 104: Oceania Market Attractiveness by Industry, 2023 to 2033
Figure 105: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 106: MEA Market Value (US$ Million) by Solution, 2023 to 2033
Figure 107: MEA Market Value (US$ Million) by Industry, 2023 to 2033
Figure 108: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 109: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 110: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 111: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 112: MEA Market Value (US$ Million) Analysis by Solution, 2018 to 2033
Figure 113: MEA Market Value Share (%) and BPS Analysis by Solution, 2023 to 2033
Figure 114: MEA Market Y-o-Y Growth (%) Projections by Solution, 2023 to 2033
Figure 115: MEA Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 116: MEA Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 117: MEA Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 118: MEA Market Attractiveness by Solution, 2023 to 2033
Figure 119: MEA Market Attractiveness by Industry, 2023 to 2033
Figure 120: MEA Market Attractiveness by Country, 2023 to 2033
The managed file transfer (MFT) market CAGR for 2033 is 10.1%.
The market is estimated to secure a valuation of USD 2 billion in 2023.
The projected market value of the market for 2033 is USD 5.3 billion.
Key players are developing the market by introducing new technologies.
IBM, Oracle, and OpenText are the key companies in this market.
Explore Similar Insights
Managed File Transfer (MFT) Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
