Managed File Transfer Market to Grow with a CAGR of 9.78% Globally through to 2028
Managed File Transfer increasing due to rising demand for secure file sharing and data exchange solutions across industries globally in the forecast period, 2024-2028.
According to TechSci Research report, “Global Managed File Transfer Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028. Global Managed File Transfer market has witnessed tremendous growth in recent years, reaching a valuation of USD 1.83 billion in 2022. The market is projected to continue its strong upward trajectory, posting a CAGR of 9.78% from 2024 to 2028.
Global Managed File Transfer market has witnessed significant growth over the past year, driven primarily by increasing demand across key verticals. Leading organizations in sectors like retail, CPG, travel and hospitality have increasingly recognized the strategic advantages offered by managed file transfer platforms.
Managed file transfer platforms enable personalized customer engagements and data-driven insights that have become critical for maximizing customer lifetime value in today's competitive landscape. Retailers are partnering with major MFT solution providers to develop innovative platforms tailored for omnichannel experiences. Similarly, travel and hospitality companies are leveraging MFT platforms to support global loyalty programs and deliver seamless customer experiences.
Technologies leveraging customer data such as AI-powered recommendations, predictive analytics for targeted upsell/cross-sell opportunities and integrated CRM platforms have empowered enterprises with customized strategies. This has provided a competitive edge through improved customer satisfaction, optimized marketing ROI and expedited value-added loyalty services rollouts.
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Furthermore, ongoing R&D in areas such as blockchain for loyalty points management, augmented reality for enhanced engagement and next-generation loyalty platforms is fueling innovation. These advancements are enabling brands to establish data-driven models for segmentation, campaign management and service delivery using loyalty programs.
As digital transformation continues to accelerate globally, reliance on managed file transfer platforms will further increase to support customer-centric strategies, positioning the market for continued strong growth.
The global managed file transfer market is segmented by solution type, deployment model, end-user industry and region.
By solution type, the application centric MFT segment dominated in 2022 as organizations increasingly adopted process automation solutions for inter-organizational file transfers. However, the people centric MFT segment is expected to witness the fastest growth with the rising need for secure collaboration and data sharing among remote workforces.
In terms of deployment model, the hybrid cloud segment held the largest share owing to flexibility of using private and public clouds. Nonetheless, the public cloud segment is poised to emerge as the fastest growing segment leveraging scalable cloud infrastructure.
By end-user, the healthcare industry is projected to expand at the highest CAGR during the forecast period given increasing digitalization initiatives and emphasis on seamless data exchange compliance.
Regionally, North America accounted for a significant market share in 2022. However, Asia Pacific is anticipated to offer lucrative opportunities with the growing adoption of cloud technologies across industries in countries like China and India.
Major companies operating in Global Managed File
Transfer Market are:
- International Business Machines
Corporation
- Axway Software SA
- Accellion, Inc
- GlobalSCAPE, Inc
- Primeur, Inc
- Progress Software Corporation
- Micro Focus International plc
- TIBCO Software Inc
- Saison Information Systems Co.,
Ltd
- SSH Communications Security Oyj
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“Global managed file transfer market has witnessed significant growth in recent years and is well-positioned to continue expanding rapidly. Propelled by the rising digital transformation across industries, the managed file transfer market size is projected to record strong revenue growth over the next five years.
Technologies like AI, cloud computing, IoT, and big data analytics have enabled enterprises to leverage managed file transfer platforms to optimize operations, generate predictive insights, automate workflows, and manage compliance at scale. By collecting and analyzing vast amounts of data through advanced analytics, managed file transfer solutions allow companies to highly customize programs, reduce costs through streamlined processes and strengthen regulatory controls.
Both large enterprises and SMEs are partnering with managed file transfer providers to digitally transform core functions. This adoption of managed file transfer solutions helps organizations enhance relationships through personalized recommendations, automate workflows to boost efficiencies and manage compliance requirements more effectively.
Managed file transfer vendors continue making heavy R&D investments to develop industry-specific solutions addressing diverse business needs. Regulatory bodies are also framing policies to ensure data privacy and security standards are maintained, fueling continued innovation.
Backed by ongoing technological advancements, growing acceptance of data-driven strategies and continuous product innovation, analysts project the global managed file transfer market will register strong, sustained revenue growth over the next five years. As digital technologies become increasingly critical for business functions across sectors, managed file transfer solutions are cementing their role as indispensable tools for optimizing processes.
The future outlook for the global managed file transfer market remains highly positive, well-positioned for continued expansion driven by factors supporting the ongoing digital transformation worldwide.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Managed File Transfer Market by Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Managed File Transfer Market -Segmented by Solution Type (Application-Centric Managed File Transfer , People-Centric Managed File Transfer , Ad-Hoc Managed File Transfer), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By End-User Industry (Manufacturing, Retail, Automotive, Healthcare, Construction, Energy and Utilities, Aerospace and Defense, Telecom, Others) By Region, By Competition”, has evaluated the future growth potential of Global Managed File Transfer Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Managed File Transfer Market.
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