Secure file transfer services are a type of managed file transfer services offered by vendors. The various functionality offered by secure file transfer solutions include enterprise’s file sync and share solutions with a focus on security, compliance, integration, and ease of use. The increasing complexity of the enterprise operational environment and the growing need for additional security to adhere to regulatory compliance is propelling the adoption of these solutions by various organizations in the global market.

The major end-users of these solutions in the global market are BFSI, healthcare, and financial enterprises. The exponential growth of the SME industries in developed and increasing requirement for data processing will propel the growth of this market. The introduction of SaaS solutions and cloud-based services for the efficient hybrid operational environment will create new opportunities for leading vendors in the global market. The growing need to facilitate mobile workspace with added security and automation features will encourage the vendors to launch innovative solutions in the market.

The secure file transfer market is estimated to reach values of around $1.6 billion by 2023, growing at a CAGR of more than 5% by 2018-2023.

The top 9 companies in the secure file transfer market are listed below:

1.    Accellion

Accellion is involved in providing secure collaboration and file sharing solutions (kiteworks) through private cloud environments for enterprises and government agencies. It enables users to edit, access, and share information securely. Accellion is involved in offering kiteworks, file transfer solution as a secure private cloud and on-premises solutions. The company offers multiple features to enhance the security of file transfer and has a strong customer base across several industries in the global secure file transfer market.

2.    AXWAY

Axway provides enterprise software, enterprise application integration, business analytics, business activity monitoring, mobile application development, and web API management for organizations worldwide. The company offers platforms includes capabilities such as analytics, API lifecycle management, application development, community management, managed file transfer, secure e-mail and file sharing, B2Bi, and content collaboration. Axway operates directly or indirectly through partners and reseller across multiple countries in the world in the secure file transfer market.

3.    BOX

Box is involved in providing cloud-based storage and file sharing services for individuals and enterprise worldwide. The company offers secure file sharing and transfer solutions through its business plans with a variety of features in the secure file transfer market. The company’s major strength is its wide range of features ranging from security, governance, and integration support. Increased enterprise adoption of cloud-based collaboration platforms is a major boost for the company, especially through integration support for AWS, Microsoft and Google G-Suite.

4.    Citrix

Citrix is involved in providing products and services related to applications, servers, and desktop virtualization, networking, and cloud. Some of the offerings by Citrix include application virtualization and virtual desktop infrastructure, enterprise mobility management, file sync and share, and networking solutions. Citrix offers its secure file transfer (ShareFile) solutions through its enterprise and service providers segment and cloud services sub-segment.

5.    EGNYTE

Egnyte is involved in offering Egnyte Connect (secure file sharing) and Egnyte Protect (content governance) solutions in the market. The company is involved in providing products to industry sectors that include construction, finance, healthcare, high tech, media and advertising, and retail customers. Some of the customers for Egnyte solutions include Yamaha, Balfour Betty, Red Bull, Nasdaq, and LesMills. The company is focusing on the APAC region to expand its businesses in the secure file transfer market.

6.    GlobalSCAPE

Globalscape provides solutions for safe and secure file transfer of business-critical information. Its products include Enhanced File Transfer (EFT), Kenetix, Mail Express, and CuteFTP. Among these products, the EFT segment generates around 90% of its annual revenue.  The company offers secure file transfer solutions with a wide variety of features, especially security and compliance.

7.    Saison Information Systems (HULFT)

HULFT offers retail and service integrated solutions, financial business solutions, and center management services for enterprises across various industry sectors in the secure file transfer market. The company helps in providing managed file transfer (MFT) for sending mission-critical business data securely, reliably, and efficiently. HULFT supports different operating environments, and a wide range of file and code system types through TCP/IP protocol security enabling faster data transfer.

8.    IBM

IBM is a major cloud-service provider with multiple data centers operated worldwide. Aspera can be adopted along with other cloud-services offered by IBM. The company offers solutions such as File Integration (Sterling Connect: Direct and IBM MQ Managed File Transfer), File Gateway (IBM Sterling File Gateway), File Governance and Security (IBM Control Center and IBM Sterling Secure Proxy) and High-speed transfer solutions through IBM Aspera High-Speed Add-on for Connect: Direct. IBM offers solutions that enable faster secure file transfer as a dedicated network link for file transfer.

9.    Ipswitch

Ipswitch is involved in offering MOVEit Managed File Transfer and MOVEit cloud products focusing on security, compliance, and automation in the market. Ipswitch offers a 30-day trial period for the use of its products. The company has strong expertise in the secure file transfer market through FTP server products offering for the past two decades. Continuous innovation in its solutions is a key strength of the company. This includes innovations in MOVEit cloud deployment modules.

Other prominent players in the secure file transfer market are Attunity, Befine Solutions AG (CRYPTSHARE), Biscom, BlackBerry, Cleo, Coviant Software, CTERA, Dropbox, Egress Software Technologies, EISOO, Google, Helpsystems (GoAnyWhere), Hightail (YouSendIt), Huddle, Intralinks, JSCAPE, MayTech, Microsoft, Open Text, PrimeuR, Safe-T, Seeburger, SolarWinds, South River Technologies, THRU INC, VanDyke Software, Vaultize, and XMedius.

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