According to a new market report published by Credence Research, Inc. “Managed File Transfer Market By Type (Software, Service), By Software (System-centric File Transfer, People-centric File Transfer, Extreme File Transfer), By Service (Implementation & Integration, Consulting, Support), By End User (BFSI, Media & Entertainment, Retail, Manufacturing, IT & Telecom and Others) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2023”, the global managed file transfer market is expected to grow at a CAGR of over 6% from 2016 to 2023.
[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
Managed file transfer is a software that offers a secure and real-time transfer of files within or outside businesses. Such technologies are gaining traction in major end-user vertical sectors such as banking & financial services, IT & telecommunications and healthcare. Managed file transfer software is finding new applications for safe file sharing in government and educational institutions.
The dominance of these technologies over conventional file transfer protocol (FTP) software is fueling the growth of the global market for managed file transfer. In addition, these technologies are primarily being used by small and medium-sized businesses to improve business performance and data security. However, lack of awareness among companies, especially in developing regions, hinders the adoption of controlled file transfer solutions. The presence of third party vendors also poses a threat to data privacy and security, which, in effect, is expected to impede the growth of the market to some degree.
Key players in the managed file transfer market are focused towards investing substantial amount on research and development activities to introduce advanced and cost-effective solutions. Also, introduction of cloud-based managed file transfer solutions is becoming an emerging trend in the market. Strategic partnership and collaboration is the another major strategy followed by vendors to strengthen market position and expand existing product portfolio. Major vendors operating in the global managed file transfer market are Axway Inc., IBM Corporation, Oracle Corporation, CA Technologies Inc., Signiant Inc., Software AG, GlobalSCAPE Inc., Wipro Limited., SWIFT, and Micro Focus (Attachmate).
Strategic partnership and collaboration ventures among key players
Substantial investment on research and development activities
Introduction of cloud-based managed file transfer solutions