Managed File Transfer Market Size, Share, Growth, Trends, and Global Industry Analysis: By Deployment Type (Cloud and On-Premises), By Solution (Application-centric, People-centric and Ad-hoc), By Service (Consulting and system integration and Support and maintenance), By Organization Size (Small, Medium Enterprises (SMEs) and Large enterprises) and Region

Managed File Transfer Market size is valued at US$ 2.53 billion in 2023 and is poised to reach US$ 4.27 billion by 2030, at a significant CAGR of 9.5% from 2024-2030. The managed file transfer software is a programme that allows users to safely and securely move data such as apps, trading partners, and file servers from one location to another over a network. With monitoring, worldwide visibility, end-to-end security, tracking, and other capabilities, managed file transfer makes file sharing more transparent. It is frequently used as a replacement for file transfer protocols such as HTTP, FTP, and others. Retail and consumer packaged goods (CPG), media and entertainment, IT and telecommunications, government and public sector, banking, financial services and insurance (BFSI), and other businesses employ managed file transfer software.

In today's world, information is regarded as the most valuable asset, and communication and data transmission from B2B, as well as safe data storage, have become critical. Although, with the help of managed file transfer software, a company can securely send files or any other information at a high pace. There are no limitations on file size, value, or kind. When compared to traditional file transfer methods, managed file transfer is preferred by the company and plays an important role in data transfer. As data traffic grows, so does the risk of being hacked or infected with malware. With managed file transfer software, the risk is significantly reduced.