PUBLISHED DATE : Dec 2020 | Pages : 177
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Secure File Transfer Market Size, Share, Trends Analysis Report by Deployment Model (On-premises, Cloud-based, and Hybrid), Enterprises (Small and Medium and Large), End-users (Banking, Financial Services and Insurance (BFSI), Healthcare, Legal, Retail, Media, and Entertainment, Manufacturing, Transportation, and Logistics, Educational, Government, and Others), and Geography (APAC, North America, Europe, and Rest of the World), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2025
177 Pages
17 Tables
58 Charts
4 Regions
10 Countries
41 Companies
4 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (REVENUE) | USD 3 BILLION (2025) |
| CAGR | 10% (2020–2025) |
| Base Year | 2019 |
| Forecast Year | 2020–2025 |
| Market Segments | Deployment Model (On-premises, Cloud-based, and Hybrid), Enterprises (Small and Medium and Large), End-users (Banking, Financial Services and Insurance (BFSI), Healthcare, Legal, Retail, Media, and Entertainment, Manufacturing, Transportation, and Logistics, Educational, Government, and Others) |
| Geographic Analysis | North America, Europe, APAC, and Rest of the World |
| Countries Covered | US, Canada, UK, Germany, France, Japan, China, Australia, Brazil, and UAE |
The global secure file transfer market size to cross USD 3 billion by 2025, growing at a CAGR of 10% during the forecast period. The global market has majorly been affected by the outbreak of the COVID-19 pandemic. The demand for secure file transfer solutions has increased with the increase in remote working. Organizations in IT, healthcare, BFSI, and education sectors have increased online-based business operations with employees working from home. Hence, the increase in remote working has increased the adoption of secure file transfer solutions, preventing data leakages and information breaches. The adoption rate was high among education institutions during Q1 and Q2 2020 due to the COVID-19 pandemic, resulting in schools and colleges' closure. Moreover, the incorporation of new technologies such as big data and IoT is expected to drive secure file transfer solutions.
This research report includes a detailed segmentation by:
The hybrid deployment model market is expected to reach $1.26 billion by 2025. The increasing use of SaaS applications in the enterprise environment is likely to make hybrid solutions easily integrated and quickly deployable. The shift from on-premises service providers to hybrid services is a major driver, contributing to the growth of hybrid solutions. A high level of compliance and security is another key factor responsible for the growth of the segment.
Fast deployment, limited capital investment, and low operational expenditure drive the demand for cloud-based solutions. As cloud-based services enable businesses to transfer documents within hours after their deployment, the demand is growing steadily. These solutions will continue to grow during the forecast period as they witness enhancements in terms of security and compliance.
The growing maturity of cloud-based services and the increased adoption of cloud-based communication and collaboration platforms by enterprises are likely to impact the revenue of on-premises solutions. However, increased controls over business processes and the necessity to manage and integrate secure file transfer services with existing applications for business purposes are likely to drive the demand for on-premises solutions.
The increase in data volumes prompts small and medium enterprises (SME) to adopt secure file transfer protocols with added security and integration features. Secure file services are likely to continue their dominance due to the growth of SMEs operating in the retail, logistics, entertainment, real estate, and IT sectors. SMEs are likely to grow higher than large enterprises because of IT's growth through integrated communication and collaboration platforms at reduced operational expenditure. Government regulations and data privacy laws are expected to play a vital role in deploying file-sharing services in SMEs during the forecast period.
Digitalization drives large-scale cloud-based communication and collaboration service providers to shift to cloud-managed file transfer solutions by integrating on-premises solutions with cloud platforms. However, the dependency on on-premises solutions is also high among large enterprises due to added controls over the file transfer process. The outbreak of the COVID-19 pandemic had a strong impact on market growth during Q1 and Q2 2020, as the file transfer adoption rate grew among large enterprises on account of remote working. Also, enterprises, which earlier used on-premise solutions, have migrated to hybrid solutions that enable the transfer of documents over the internet with enhanced security.
Healthcare, BFSI, legal services, retail, media, and entertainment end-users are likely to emerge as the major contributors to the market by 2025. The increased operational expenditure and initiatives toward the green environment are aiding the secure file transfer market's growth. The automation of secure file transfer solutions aids in improving efficiency and supporting HIPAA regulatory requirements. On average, around 40% of information leaked in the healthcare sector is via employee mishandling of information. Hence, these solutions are likely to prevent information leakages and breaches, which is expected to increase the demand in the healthcare sector.
Adherence to evolving regulatory compliances among BFSI organizations is constantly improving the security of Personal Identifiable Information (PII) with additional features. Incorporation of secure file transfer solutions would reduce operational costs by 50% and increase efficiency. Moreover, the growing data and financial transactions by users worldwide have increased the demand for secure FTP servers is increasing.
North America comprises several Fortune 500 organizations, which operate across the US and Canada and require secure platforms for collaborations. Several SMEs are signing up for cloud-based and hybrid secure file transfer solutions due to security restrictions, increased business data processing needs, mobility enablement, and compliance requirements. The market is growing due to the increase in cloud-based communication and collaboration platforms. Large enterprises in the region are the major contributors to the growth of secure file transfer solutions. Large enterprises are likely to migrate to hybrid solution providers in the next five years. The financial and healthcare industries are the major contributors to the adoption of secure and compliant solutions.
The increased focus to improve security, compliance, integration, and ease of use increases the demand for foolproof secure file transfer systems. Most vendors provide HIPPA, SOX, PCI DSS, and GDPR compliant solutions in the market. Vendors are aiming to enhance the security of solutions due to the rise in cyber intrusions. The global secure file transfer market is highly competitive because of vendors such as Microsoft, Google, IBM, and Citrix. However, other pure-play and content management providers have also strengthened their market presence in the last few years.
Deployment Model
Enterprises
End-users
Geography
Frequently Asked Questions
What are the expected revenue growth and growth rate for the market during the forecast period?
The secure file transfer market is expected to grow over $3 billion by 2025, growing at a CAGR of over approx. 10% during 2020–2025.
What is the growth projection of the hybrid secure file transfer segment?
The hybrid deployment model market is projected to reach $1.26 billion by 2025.
Who are the leading players in the secure file transfer market?
Accellion, Axway, Box, Citrix, and Egnyte are some of the leading players in the market.
Which region is likely to lead the secure file transfer market by revenue?
North America is expected to lead the secure file market.
What is the impact of the COVID-19 pandemic on the secure file transfer market share?
The outbreak of the COVID-19 pandemic has increased the demand for secure file transfer solutions from IT, healthcare, BFSI education sectors.
The secure file transfer market by revenue is expected to grow at a CAGR of approx. 10% during the period 2020–2025.
The following factors are likely to contribute to the growth of the secure file transfer market during the forecast period:
Base Year: 2019
Forecast Year: 2020–2025
The study considers the present scenario of the secure file transfer market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Prominent Vendors
Other Prominent Vendors
Infrastructure
Enterprises
End-users
Geography
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
4.3.2 Market Segmentation by Infrastructure
4.3.3 Market Segmentation by End-User
4.3.4 Market Segmentation by Industry Sector
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
8 Market Opportunities & Trends
8.1 Higher Adoption Of Cloud-Based Collaboration Platforms
8.2 Growth In Data Volumes
8.3 Automation & End-To-End Monitoring Of File Transfer
9 Market Enablers
9.1 Digitalization Of Business Environment
9.2 COVID-19 Spikes Demand For SFT Solutions
9.3 Adherence To Regulatory Compliance
10 Market Restraints
10.1 Lack Of Awareness
10.2 Existence Of Unsecured And Traditional File Transfer Solutions
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 Deployment Model
12.1 Market Snapshot & Growth Engine
12.2 On-Premises Secure File Transfer
12.2.1 Market Overview
12.2.2 Market Size & Forecast
12.3 Cloud-Based Secure File Transfer
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.4 Hybrid Secure File Transfer
12.4.1 Market Overview
12.4.2 Market Size & Forecast
13 End-Users
13.1 Market Snapshot & Growth Engine
13.2 SMEs
13.2.1 Market Overview
13.2.2 Market Size and Forecast
13.3 Large Enterprises
13.3.1 Market Overview
13.3.2 Market Size & Forecast
14 Industry
14.1 Market Snapshot & Growth Engine
14.2 Banking, Financial Services, And Insurance (BFSI)
14.2.1 Market Overview
14.2.2 Market Size and Forecast
14.3 Healthcare Sector
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.4 Legal Sector
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.5 Retail, Media, And Entertainment Sector
14.5.1 Market Overview
14.5.2 Market Size And Forecast
14.6 Manufacturing, Transportation And Logistics Sector
14.6.1 Market Overview
14.6.2 Market Size & Forecast
14.7 Government Agencies
14.7.1 Market Overview
14.7.2 Market Size & Forecast
14.8 Education Sector
14.8.1 Market Overview
14.8.2 Market Size & Forecast
14.9 Other Sectors
14.9.1 Market Overview
14.9.2 Market Size & Forecast
15 Geography
15.1 Market Snapshot & Growth Engine
16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Key Countries
16.4 US
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.5 Canada
16.5.1 Market Overview
16.5.2 Market Size & Forecast
17 Europe
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Key Countries
17.4 UK
17.4.1 Market Overview
17.4.2 Market Size & Forecast
17.5 Germany
17.5.1 Market Overview
17.5.2 Market Size & Forecast
17.6 France
17.6.1 Market Overview
17.6.2 Market Size & Forecast
18 APAC
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Key Countries
18.4 China
18.4.1 Market Overview
18.4.2 Market Size & Forecast
18.5 Japan
18.5.1 Market Overview
18.5.2 Market Size & Forecast
18.6 Australia
18.6.1 Market Overview
18.6.2 Market Size & Forecast
19 Rest Of The World
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Key Countries
19.4 Brazil
19.4.1 Market Overview
19.4.2 Market Size & Forecast
19.5 UAE
19.5.1 Market Overview
19.5.2 Market Size & Forecast
20 Competitive Landscape
21 Key Company Profiles
21.1 Accellion
21.1.1 Business Overview
21.1.2 Market Overview
21.1.3 Key Strengths
21.1.4 Key Weakness
21.2 Axway
21.2.1 Business Overview
21.2.2 Market Overview
21.2.3 Key Strengths
21.3 Box
21.3.1 Business Overview
21.3.2 Market Overview
21.3.3 Key Strengths
21.4 Citrix
21.4.1 Business Overview
21.4.2 Market Overview
21.4.3 Key Strengths
21.5 Egnyte
21.5.1 Business Overview
21.5.2 Market Overview
21.5.3 Key Strengths
21.6 Globalscape
21.6.1 Business Overview
21.6.2 Market Overview
21.6.3 Key Strengths
21.7 Saison Information Systems (HULFT)
21.7.1 Business Overview
21.7.2 Market Overview
21.7.3 Key Strengths
21.8 IBM
21.8.1 Business Overview
21.8.2 Market Overview
21.8.3 Key Strengths
21.8.4 Key Weakness
21.9 IPSWITCH
21.9.1 Business Overview
21.9.2 Market Overview
21.9.3 Key Strengths
22 Other Prominent Vendors
22.1 Arcesb International
22.2 Amazon Web Services
22.3 Befine Solutions (CRYPTSHARE)
22.4 Biscom
22.5 Blackberry
22.6 CLEO
22.7 CTERA
22.8 Coviant Software
22.9 Dropbox
22.10 EISOO
22.11 Egress Software Technologies
22.12 Google
22.13 Helpsystems (GOANYWHERE)
22.14 Huddle
22.15 Intralinks
22.16 JSCAPE
22.17 Maytech
22.18 Microsoft
22.19 Open Text
22.20 Hightail (YOUSENDIT)
22.21 XMEDIUS
22.22 PRIMEUR
22.23 QLIK
22.24 Smartfile
22.25 SAFE-T
22.26 Seeburger
22.27 Solarwinds
22.28 South River Technologies
22.29 THRU INC.
22.3 Vandyke Software
22.31 VAULTIZE
22.32 WETRANSFER
23 Report Summary
23.1 Key Takeaways
24 Quantitative Summary
24.1 Global Market
24.2 Market By Deployment Model
24.3 Market By End-Users
24.4 Market By Industry Sector
24.5 Market By Geography
24.6 North America
24.6.1 Key Leading Countries
24.7 Europe
24.7.1 Key Leading Countries
24.8 APAC
24.8.1 Key Leading Countries
24.9 Rest Of The World
24.9.1 Key Leading Countries
25 Appendix
25.1 Abbreviations
List Of Exhibits
Exhibit 1 Segmentation of Global Secure File Transfer Market
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 Impact of Higher Adoption of Cloud-Based Collaboration Platforms
Exhibit 4 Impact of Growth in Data Volumes
Exhibit 5 Impact of Automation & End-to-End Monitoring of File Transfer
Exhibit 6 Impact of Digitalization of Business Environment
Exhibit 7 Impact of COVID-19 Spikes Demand for SFT Solutions
Exhibit 8 Impact of Adherence to Regulatory Compliance
Exhibit 9 Impact of Lack of Awareness
Exhibit 10 Impact of Existence of Unsecured and Traditional File Transfer Solutions
Exhibit 11 Global Secure File Transfer Market 2019-2025 ($ million)
Exhibit 12 Five Forces Analysis 2019
Exhibit 13 Incremental Growth by Deployment Model 2019 & 2025 ($ million)
Exhibit 14 Global Secure File Transfer Market by Deployment Model 2019–2025 ($ million)
Exhibit 15 Global Secure File Transfer Market by On-premises Deployment Model 2019–2025 ($ million)
Exhibit 16 Global Secure File Transfer Market by Cloud-Based Model 2019–2025 ($ million)
Exhibit 17 Global Secure File Transfer Market by Hybrid Deployment Model 2019–2025 ($ million)
Exhibit 18 Incremental Growth by End-Users Type 2019 & 2025 ($ million)
Exhibit 19 Global Secure File Transfer Market by End-Users 2019–2025 ($ million)
Exhibit 20 Global Secure File Transfer Market by SMEs 2019–2025 ($ million)
Exhibit 21 Global Secure File Transfer Market by Large Enterprises 2019–2025 ($ million)
Exhibit 22 Incremental Growth by Industry Sector 2019 & 2025 ($ million)
Exhibit 23 Global Secure File Transfer Market by Industry Sectors 2019–2025 ($ million)
Exhibit 24 Global Secure File Transfer Market in BFSI Sector 2019–2025 ($ million)
Exhibit 25 Global Secure File Transfer Market in Healthcare Sector 2019–2025 ($ million)
Exhibit 26 Global Secure File Transfer Market in Legal Sector 2019–2025 ($ million)
Exhibit 27 Global Secure File Transfer Market in Retail, Media, and Entertainment Sector 2019–2025 ($ million)
Exhibit 28 Global Secure File Transfer Market in Manufacturing, Transportation and Logistics Sector 2019–2025 ($ million)
Exhibit 29 Global Secure File Transfer Market in Government Agencies 2019–2025 ($ million)
Exhibit 30 Global Secure File Transfer Market in Education Sector 2019–2025 ($ million)
Exhibit 31 Global Secure File Transfer Market in Other Sectors 2019–2025 ($ million)
Exhibit 32 Incremental Growth by Geography 2019 & 2025 ($ million)
Exhibit 33 Secure File Transfer Market in North America 2019–2025 ($ million)
Exhibit 34 Secure File Transfer Market in North America by Countries 2019–2025 ($ million)
Exhibit 35 Incremental Growth in North America 2019 & 2025 ($ million)
Exhibit 36 Secure File Transfer Market in US 2019–2025 ($ million)
Exhibit 37 Secure File Transfer Market in Canada 2019–2025 ($ million)
Exhibit 38 Secure File Transfer Market in Europe 2019-2025 ($ million)
Exhibit 39 Secure File Transfer Market in Europe by Countries 2019–2025 ($ million)
Exhibit 40 Incremental Growth in Europe 2019 & 2025 ($ million)
Exhibit 41 Secure File Transfer Market in UK 2019–2025 ($ million)
Exhibit 42 Secure File Transfer Market in Germany 2019–2025 ($ million)
Exhibit 43 Secure File Transfer Market in France 2019–2025 ($ million)
Exhibit 44 Secure File Transfer Market in APAC 2019–2025 ($ million)
Exhibit 45 Secure File Transfer Market in APAC by Countries 2019–2025 ($ million)
Exhibit 46 Incremental Growth in APAC 2019 & 2025 ($ million)
Exhibit 47 Secure File Transfer Market in China 2019–2025 ($ million)
Exhibit 48 Secure File Transfer Market in Japan 2019–2025 ($ million)
Exhibit 49 Secure File Transfer Market in Australia 2019–2025 ($ million)
Exhibit 50 Secure File Transfer Market in Rest of the World 2019–2025 ($ million)
Exhibit 51 Secure File Transfer Market in Rest of the World by Countries 2019–2025 ($ million)
Exhibit 52 Incremental Growth in Rest of the World 2019 & 2025 ($ million)
Exhibit 53 Secure File Transfer Market in Brazil 2019–2025 ($ million)
Exhibit 54 Secure File Transfer Market in UAE 2019–2025 ($ million)
Exhibit 55 Axway: Revenue by Segment and Geography (2019)
Exhibit 56 Box: Business and Geographical Revenue (2019 and 2020)
Exhibit 57 Citrix: Product Group Segmental and Geographical Revenue 2019
Exhibit 58 Globalscape: Revenue by Type and Geography 2019
List Of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2019
Table 3 Comparison of FTP and SFT
Table 4 Pricing of Accellion’s Secure File Transfer Solutions
Table 5 Box Pricing Plan
Table 6 Citrix ShareFile Pricing Plans
Table 7 Egnyte Offerings Price
Table 8 Pricing of IBM Aspera Files Products
Table 9 Global Secure File Transfer Market 2019−2025 ($ million)
Table 10 Global Secure File Transfer Market by Deployment Model 2019−2025 ($ million)
Table 11 Global Secure File Transfer Market by End Users Type 2019−2025 ($ million)
Table 12 Global Secure File Transfer Market by Industry Sector 2019−2025 ($ million)
Table 13 Global Secure File Transfer Market by Geography 2019−2025 ($ million)
Table 14 Secure File Transfer Market in North America 2019−2025 ($ million)
Table 15 Secure File Transfer Market in Europe 2019−2025 ($ million)
Table 16 Secure File Transfer Market in APAC 2019−2025 ($ million)
Table 17 Secure File Transfer Market in Rest of the World 2019−2025 ($ million)
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