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

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.

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

Managed File Transfer Market, by Deployment 

Managed File Transfer Market, by Application 

Managed File Transfer Market, by Type 

Managed File Transfer Market, by Geography 

- North America

- Europe

- Asia Pacific (APAC)

- Middle East & Africa (MEA)

- Latin America

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