Albany, NY -- (SBWIRE) -- 07/26/2016 -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) entitled "Managed File Transfer Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024," the global managed file transfer market was valued at US$ 774.3 Mn in 2014 and is forecast to expand at a CAGR of 7.7% during the period between 2016 and 2024.

According to the World Population Review 2015, Asia Pacific accounts for 60% of the world's population. This population generates a huge amount of data in terms of business and personal information. The growth in the population has forced large companies to establish their centers/manufacturing facilities/subsidiaries in the region. Therefore, a huge amount of critical files are transferred from their headquarters to their subsidiaries/production centers. Furthermore, accelerating incidents of cybercrime, such as hacking, malware, phishing, and data leakages have created a need for security during these file transfer processes. Most organizations in Asia Pacific still use traditional file transfer methods such as FTP. However, awareness about the benefits of MFT solutions has increased. This will lead to a growth in the adoption rate of MFT solutions in the region.

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North America is considered the major market for managed file transfer solutions, as the majority of key players are headquartered in the region. Demand for MFT solutions continues to grow in the region with rising sector-specific compliances in the region. Rising data breaches in sectors such as government and BFSI have also created a need for data security in the region. Demand will be also supported by the growth of the Internet of Things (IoT), which is expected to generate a huge amount of data to be transferred among devices and organizations. Major managed file transfer solution providers include IBM Corporation, Oracle Corporation, Ipswitch Inc., Open Text Corp., GlobalSCAPE Inc., Attunity Ltd., Biscom Inc., Axway Software SA, Jscape LLC, Tibco Software Inc., Cleo Communications Inc., Linoma Software, Seeburger AG, and South River Technologies Inc.

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The global managed file transfer market has been segmented as follows:

Managed File Transfer Market, by Deployment

-On-premise
-Cloud
-Hybrid

Managed File Transfer Market, by Application

-Government
-BFSI
-IT
-Health Care
-Logistics
-Retail
-Others

Managed File Transfer Market, by Type

-Ad hoc
-Administrative to Administration (A2A)
-Business to Business (B2B)
-Accelerated Transfer

Managed File Transfer Market, by Geography

-North America
oThe U.S.
oCanada
-Europe
oThe U.K.
oGermany
oFrance
oSpain
oItaly
oRest of Europe
-Asia Pacific (APAC)
oChina
oJapan
oIndia
oAustralia
oRest of APAC
-Middle East & Africa (MEA)
oUnited Arab Emirates (the UAE)
oSaudi Arabia
oSouth Africa
oRest of MEA
-Latin America
oBrazil
oRest of Latin America

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