Secure File Transfer Market Size to Reach Revenues of around USD 3 Billion by 2025 - Arizton

Secure File Transfer Market Size to Reach Revenues of around USD 3 Billion by 2025 - Arizton

PR Newswire

CHICAGO, Dec. 15, 2020

CHICAGO, Dec. 15, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global secure file transfer market report.

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The global secure file transfer market is expected to grow at a CAGR of approximately 10% during the period 2019−2025.

Key Highlights Offered in the Report:  

1.  In 2020, COVID-19 has been a major catalyst for around 32% growth in secure file transfer solutions.

2.  Over USD 1 billion will be the cumulative revenue opportunity for secure file transfer service providers during 2020-2025.

3.  SME adoption of secure file transfer grew by about 50% in 2020, whereas large enterprise growth was around 20%, mainly driven by the COVID-19 pandemic.

4.  Cloud-based file transfer solutions will bring-in revenue opportunities of over USD 500 million during 2020-2025, where the pandemic contributed to around 60% growth in 2020.

5.  In 2020, the market growth across all industry sectors was about 15%-40%, with significant growth witnessed across healthcare, government, and education sectors in 2020.

6.  The secure file transfer market is yet to mature among SMEs in developing countries, where digitalization and adoption of enterprise sync and share solutions will play a vital growth.

Key Offerings:

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Secure File Transfer Market – Segmentation

Secure File Transfer Market by Deployment Model

Secure File Transfer Market by Enterprises

Secure File Transfer Market by End-users

Secure File Transfer Market – Dynamics

Cloud computing has been a strong force behind organizations' digital workplace initiatives. Among these, there are enterprises that are involved in using complete cloud-based solutions or creating hybrid platforms for operations. These systems and platforms are popular, especially in organizations that allow remote working access. Several financial and healthcare customers operate their own private cloud environments, with applications hosted in their own data centers. The secure file transfer market is dominated by major cloud providers such as Microsoft, Google, AWS, Citrix, and IBM. Vendors are involved in providing cloud-based secure file transfer services in partnership with these cloud-based hosting providers. In addition, most enterprise content management systems are offered as a cloud-based Software-as-a-Service (SaaS) solution, which is integrated with secure file transfer solutions.

Key Drivers and Trends fueling Market Growth:

Secure File Transfer Market – Geography

In North America, many customers use FTP servers to transfer less-critical business data. However, many SMEs are signing up for cloud-based secure file transfer solutions and hybrid file transfer solutions due to security restrictions, increased business data processing needs, mobility enablement, and compliance requirement. The market is also growing due to the rise in cloud-based communication and collaboration platforms. Large enterprises in the region are the major contributors to the growth of secure file transfer solutions. The growth in data will necessitate automation of file transfer solutions among SMEs. Several enterprise content management software providers and cloud-based collaboration providers are also integrating secure file transfer solutions with their offerings.

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Secure File Transfer Market by Geography

Major Vendors

Other Prominent Vendors

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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