Overview and Scope
The secure file transfer data sharing technology refers to the encryption and security measures to safeguard data while it is in transit. It is used to safeguard data during transit through encoding, verification, access restrictions, and auditing while sharing files within or between enterprises.
Sizing and Forecast
The secure file transfer market size has grown strongly in recent years. It will grow from $2.08 billion in 2023 to $2.28 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to data security concerns, demand for automation, globalization and data exchange, data breach incidents, integration of cloud services.
The secure file transfer market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing cybersecurity threats, increased use of iot devices, cloud integration and hybrid solutions, growing volume of data transfers, focus on user authentication and access control. Major trends in the forecast period include blockchain integration in security, ai-powered threat detection, end-to-end encryption solutions, mobile-friendly secure transfer, zero-trust security frameworks.
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Segmentation & Regional Insights
The secure file transfer market covered in this report is segmented –
1) By Type: Business To Business, Accelerated Transfer, Ad hoc, Other Types
2) By Deployment Model Type: On-Premises, Cloud-Based, Hybrid
3) By Enterprise: Small And Medium, Large
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Healthcare, Manufacturing, Logistics, Retail, Media And Entertainment, IT And Telecommunication, Government, Other Industry Verticals
North America was the largest region in the secure file transfer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global secure file transfer market report during the forecast period. The regions covered in the secure file transfer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand for cloud-based technologies is expected to propel the growth of the secure file transfer market going forward. Cloud-based file transfer solutions can aid secure information transfer by offering encryption, access control, and other security features. These systems may also include secure file sharing and collaboration features, allowing users to exchange files with others while controlling who has access to them. For instance, in December 2021, according to a survey report published by O’reilly Media Inc., a US-based publishing platform, Approximately 90% of those surveyed said their companies use cloud computing. Comparing it to 88% last year, there is a slight uptick.At least 75% of the respondents are employed by cloud-using companies across all industries. The sectors of software, retail & e-commerce, and finance & banking are the most proactive.A public cloud is used by two thirds of respondents (67%) followed by a private cloud (45%) and traditionally managed on-premises infrastructure (55%). Therefore, the growing demand for cloud-based technologies is driving the growth of the secure file transfer market.
Key Industry Players
Major companies operating in the secure file transfer market report are Accellion Inc., Axway India Private Limited, Box Inc., Citrix Systems Inc., Egnyte Inc., Google LLC, GlobalSCAPE Inc., International Business Machines Corporation (IBM), Microsoft Corporation, Progress Software Corporation, Attunity Ltd., Coviant Software LLC, Saison Information Systems Co Ltd., BlackBerry Limited, Biscom Inc., Ipswitch Inc., CTERA Networks Ltd., HelpSystems LLC, Hightail Inc., Huddle, Seeburger AG, SolarWinds Worldwide LLC, South River Technologies Inc., Cleo Communications Inc., Cornerstone Technology S.A., DataMotion Inc., FileCatalyst, FileZilla, Flux Corporation, JSCAPE, Leapfile Inc., Linoma Software
The secure file transfer market report table of contents includes:
1. Executive Summary
2. Secure File Transfer Market Characteristics
3. Secure File Transfer Market Trends And Strategies
4. Secure File Transfer Market – Macro Economic Scenario
5. Global Secure File Transfer Market Size and Growth
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31. Global Secure File Transfer Market Competitive Benchmarking
32. Global Secure File Transfer Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Secure File Transfer Market
34. Secure File Transfer Market Future Outlook and Potential Analysis
35. Appendix
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