Global Secure File Transfer Market Size 2024, Forecast To 2033
6 Mar, 2024
The secure file transfer market has witnessed robust growth, advancing from $2.08 billion in 2023 to $2.28 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 10.0%. This expansion in the historical period is associated with concerns about data security, the escalating demand for automation, the effects of globalization on data exchange, incidents of data breaches, and the integration of cloud services. Looking ahead to 2028, the secure file transfer market is poised for continued strong growth, projecting a market size of $3.26 billion at a CAGR of 9.3%. Contributing factors in the forecast period include the increasing prevalence of cybersecurity threats, the heightened use of IoT devices, the integration of cloud services and hybrid solutions, the growing volume of data transfers, and an emphasis on user authentication and access control. Significant trends include the integration of blockchain in security, AI-powered threat detection, end-to-end encryption solutions, mobile-friendly secure transfer, and the adoption of zero-trust security frameworks.
Global Secure File Transfer Market Key Driver
The anticipated increase in demand for cloud-based technologies is set to drive the growth of the secure file transfer market. Cloud-based file transfer solutions play a vital role in ensuring secure information transfer, offering encryption, access control, and other essential security features. These systems also incorporate secure file sharing and collaboration features, empowering users to exchange files while maintaining control over access. As of December 2021, a survey report by O'reilly Media Inc. indicated that approximately 90% of surveyed companies utilize cloud computing, showing a slight uptick from 88% the previous year. Among the respondents employed by cloud-using companies across various industries, the software, retail & e-commerce, and finance & banking sectors demonstrated the highest proactive engagement. Notably, public clouds were utilized by 67% of respondents, followed by private clouds at 45%, and traditionally managed on-premises infrastructure at 55%. Consequently, the growing demand for cloud-based technologies is expected to continue driving the secure file transfer market in 2023, 2024, and 2028.
Get A Free Sample Of The Global Secure File Transfer Market ReportGlobal Secure File Transfer Market Segments
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
By Geography:The regions covered in the secure file transfer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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
Major Secure File Transfer Industry Players
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
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Secure File Transfer Market Overview
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.
Secure File Transfer Global Market Report 2023 provides data on the global secure file transfer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The secure file transfer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.