The global managed file transfer software & services market is anticipated to grow at a significant CAGR of 5.9% during the forecast period (2022-2028). Managed file transfer is a form of software that allows files to be transferred both within and between companies. This type of file exchange is quick, secure, dependable, and transparent, with added capabilities, such as tracking and monitoring. As a result, one can detect data loss from a certain moment in time and receive an acknowledgment when a file transfer process is completed successfully.
The market players are delivering new and creative products for business continuity, with benefits, such as better business productivity, reliable data migration, and lower costs. The integration of technologies, such as the internet of things, big data, artificial intelligence, and others, will generate new opportunities for growth in the managed file transfer software and services market with significantly more capabilities and higher performance.
North America holds the largest share in the global managed file transfer software and services market due to the significant presence of major market players in the region. This is owing to an increase in demand for managed file transmission across a range of industries, including BFSI, media & entertainment, retail, manufacturing, telecommunications, and others.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-
- In April 2021, Adabas Auditing for z/OS was launched by Software AG to meet the growing demand for data security. The new solution extends monitoring capabilities that previously focused just on data modifications to encompass any data access, including determining who viewed what data and when. It was created in partnership with Beta Systems.
- In February 2021, Tata Power Delhi Distribution Ltd. partnered with OpenText to enable a remote workforce and empower consumers. OpenText Documentum connects distant workers to important corporate material and contributes to a around 35% increase in digital payments.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Software
- By Services
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– includes Axway Software, GlobalSCAPE, Inc., IBM Corp., Micro Focus, and Software AG, among others.
A full report Managed File Transfer Software & Services Market of is available at: https://orionmarketreports.com/managed-file-transfer-software-services-market/106779/
Global Managed File Transfer Software & Services Market Report by Segment
By Software
- System-Centric File Transfer
- People-Centric File Transfer
- Extreme File Transfer
By Services
- Implementation & Integration
- Consulting
- Support & Maintenance
By End-User
- BFSI
- Media & Entertainment
- Retail
- Manufacturing
- Telecommunication
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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