Published by mark itwired
Posted on October 5, 2021
4 min readLast updated: January 31, 2026
The Managed File Transfer market is set to grow significantly, driven by cloud adoption in BFSI and IT sectors, with a projected CAGR of 10% through 2031.
According to a study by Future Market Insights (FMI), the managed file transfer (MFT) market will surpass US$ 1.7 Bn in 2021 on the Back of increasing adoption in BFSI and IT & Telecom industries.
Rising adoption of cloud solution to securely transfer and share various types of data is expected to propel demand for managed file transfer over the coming years. The market is projected to witness significant growth due to factors such as growing need for reliable and cost-effective managed file transfer solutions, rise in digitizing the workspace, increasing demand for high-performance managed file transfer solutions, and rising availability of cost-effective managed file transfer software along with technological advancements.
The global managed file transfer (MFT) market is anticipated to grow from a valuation of US$1.6 Bn in 2020 to US$ to over US$4.5 Bn by 2031. In the past few years, managed file transfer have gained an enormous interest across the globe due to development of cloud based managed file transfer solutions.
The BFSI sector, telecommunication, and other industries have been exhibiting high demand for managed file transfer software and services for managing regular workflow. This is expected to contribute to revenue generation in the market over the forecast period. The market is projected to grow at a healthy CAGR of around 10.0% through 2031.
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Impact of COVID-19 on Managed File Transfer Market:
The COVID-19 pandemic outbreak has disrupted many industries, including the managed file transfer market. Many private, as well as government organizations, have transitioned to remote working, due to which there is a sudden surge in demand for managed file transfer solutions.
Market Segmentation by Category:
Some of the leading companies offering managed file transfer are Axway Inc., GlobalSCAPE, Inc., IBM Corporation, Micro Focus, Software AG, Oracle Corporation, Wipro Limited, CA Technologies Inc., Clearswift, Signiant Inc., OpenText Corporation, Coviant Software Corporation, Primeur, and others.
Solution
System-centric File Transfer
People-centric File Transfer
Extreme File Transfer
Implementation & Integration
Consulting
Support & Maintenance
Industry
BFSI
Media & Entertainment
Retail
Manufacturing
Telecommunication
Others
Region
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)
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Key Questions Answered in Report
The rising demand for incorporation of artificial intelligence, cloud computing, business intelligence, and Managed File Transfer as-a-Service (MFTaaS) across organizations to streamline their operations will fuel the demand in managed file transfer market.
Unsecure data access, high competition, lack of skilled resources to monitor the data transfer, along with infrastructural security issues, are challenges which might slow down the growth of the market.
Partnerships between managed file transfer vendors, and increasing demand from banking sector are surging the sales of managed file transfer solutions
Some of the leading companies offering managed file transfer are Axway Inc., GlobalSCAPE, Inc., IBM Corporation, Micro Focus, Software AG, Oracle Corporation, Wipro Limited, CA Technologies Inc., Clearswift, Signiant Inc., OpenText Corporation, Coviant Software Corporation, Primeur, and others.
Managed file transfer market are likely to witness high demand in South Asia & Pacific due to increasing application in countries such as India, Indonesia, Australia, and others.
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Key Takeaways from Market Study:
“Key players are focusing on development and implementation of new solutions such as cloud computing technology and Managed File Transfer as-a-Service (MFTaaS) to offer secure file transfer features in businesses and across organizations,” says a Future Market Insights (FMI) analyst.
The post Managed File Transfer (MFT) Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2031 appeared first on Industry News Analsis.
The article discusses the growth and trends in the Managed File Transfer market from 2021 to 2031.
How is the BFSI sector influencing the MFT market growth?
What impact did COVID-19 have on the MFT market?
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