The Business Research Company’s report on the Secure File Transfer Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the secure file transfer industry?
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 April 2024, according to the Statistical Office of the European Communities, a Luxembourg-based government agency, in 2023, 42.5% of enterprises in the EU purchased cloud computing services, primarily for email, file storage, and office software. This represents a 4.2% point increase compared to the share of enterprises that purchased cloud computing services in 2021. Therefore, the growing demand for cloud-based technologies is driving the growth of the secure file transfer market.
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What is the estimated market size of the secure file transfer sector by 2029, based on current forecasts?
The secure file transfer market size has grown strongly in recent years. It will grow from$2.35 billion in 2024 to $2.51 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. 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 “$3.63 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. 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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Who are the top players in the secure file transfer market?
Major companies operating in the secure file transfer market include 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, 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
What are the major trends in the secure file transfer market?
Technological innovations are the key trends gaining popularity in the secure file transfer market. Companies operating in the secure file transfer market are adopting new technologies to sustain their position in the market. For instance, in January 2023, FileCloud, a US-based company that specializes in file sharing, synchronization, and backup solutions, launched zero-trust file-sharing technology. This technology is developed to safeguard data within the environment, Zip file structures and password protection are used to achieve Zero Trust. The user will be able to specify a Zero Trust password and create a sharing link to a file or folder. The data cannot be accessed without this password, regardless of whether a direct link is supplied or a breach happens.
Which geography holds the highest secure file transfer market share?
North America was the largest region in the secure file transfer market in 2024.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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How do different segments contribute to the overall expansion of the secure file transfer market?
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
Subsegments:
1) By Business To Business: Managed File Transfer, Enterprise File Sync and Share
2) By Accelerated Transfer: High-Speed File Transfer, File Transfer Optimization Solutions
3) By Ad hoc: Temporary File Sharing Solutions, Instant Transfer Services
4) By Other Types: Secure Email Transfer, Secure Cloud Storage Solutions
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How is the secure file transfer market defined?
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.
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