Managed File Transfer Market Expected to Reach US$ 1.6 Bn by 2024 Globally: Transparency Market Research

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ALBANY, New York, May 26, 2016 /PRNewswire/ --

According to a new market report published by Transparency Market Research entitled "Managed File Transfer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024," the global managed file transfer market was valued at US$ 774.3 Mn in 2014 and is forecast to expand at a CAGR of 7.7% during the period from 2016 to 2024. A rising number of cybercrimes, increasing data generation, the spate of compliance standards, and the burgeoning need for centralization are key factors driving the growth of the managed file transfer market. In addition, a growing trend of bring your own device (BYOD) in organizations is further anticipated to drive the growth of this market over the forecast period.

In the managed file transfer market by deployment, the on-premise segment was the largest in 2014, accounting for 59.19% of the overall market. The on-premise deployment of MFT solutions is preferred by organizations that generate a large amount of sensitive data and prefer full ownership of the IT infrastructure established for the file transfer process. On-premise MFT solutions can be easily integrated with existing systems, thus it supports the adoption of on-premise MFT solutions by the businesses.

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In terms of application, BFSI held the highest share of the global MFT market. Government & health care held the second- and third-largest shares, respectively, in 2014. The rising amount of unstructured data (images, audio, and video) in these sectors is anticipated to drive the growth of the global managed file transfer market. A huge amount of sensitive data such as financial and customer details, is generated by organizations in these industries; consequently, they prefer on-premise deployment, which provides full control on the infrastructure established for the file transfer process.

In terms of type, administrative to administration (A2A) held the highest share in the MFT market. The demand for A2A solutions comes from organizations that desire data centralization and automation of their processes. With the support of A2A MFT solutions, businesses could schedule their file transfer processes and thus reduce their operational costs. This will enhance the profitability of the deploying organizations.

Some of the major industry players profiled in the study include IBM Corporation, Oracle Corporation, Ipswitch Inc., Open Text Corp., GlobalSCAPE Inc., Attunity Ltd., Biscom Inc., Axway Software SA, Jscape LLC, Tibco Software Inc., Cleo Communications Inc., Linoma Software, Seeburger AG, and South River Technologies Inc.

Browse In Detail Regional Analysis: http://www.europlat.org/managed-file-transfer-market.htm

The global managed file transfer market has been segmented as follows:

Managed File Transfer Market, by Deployment 

• On-premise
• Cloud
• Hybrid

Managed File Transfer Market, by Application 

• Government
• BFSI
• IT
• Health Care
• Logistics
• Retail
• Others

Managed File Transfer Market, by Type 

• Ad hoc
• Administrative to Administration (A2A)
• Business to Business (B2B)
• Accelerated Transfer

Managed File Transfer Market, by Geography 

- North America

• The U.S.
• Canada

- Europe

• The U.K.
• Germany
• France
• Spain
• Italy
• Rest of Europe

- Asia Pacific (APAC)

• China
• Japan
• India
• Australia
• Rest of APAC

- Middle East & Africa (MEA)

• United Arab Emirates (the UAE)
• Saudi Arabia
• South Africa
• Rest of MEA

- Latin America

• Brazil
• Rest of Latin America

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SOURCE Transparency Market Research