Global Secure File Transfer Market Expected To Reach $2.97 Billion By 2027, Driven By Technological Innovations And Increasing Demand For Data Security Solutions

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The "Secure File Transfer Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global secure file transfer market, valued at $1.88 billion in 2022, is projected to grow to $2.08 billion in 2023, exhibiting a compound annual growth rate (CAGR) of 10.29%. Over the forecast period from 2023 to 2027, the market is anticipated to reach $2.97 billion, sustaining a CAGR of 9.37%. This growth is driven by technological innovations and the increasing demand for secure data sharing solutions.

Secure file transfer technology involves the encryption and security measures implemented to protect data during transit. It ensures data confidentiality, integrity, and authenticity while sharing files within or between organizations, safeguarding sensitive information from unauthorized access.

Market Segmentation

The secure file transfer market can be segmented based on various factors:

1. Types of Secure File Transfer:

• Business-to-Business (B2B)
• Accelerated Transfer
• Ad Hoc
• Others

2. Deployment Models:

• On-Premise
• Cloud-Based
• Hybrid

3. Industries:

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Manufacturing
• Logistics
• Retail
• Media and Entertainment
• IT and Telecommunications
• Government
• Others

Key Market Trends and Opportunities

• Technological Innovations: A significant trend in the secure file transfer market is the adoption of advanced technologies to enhance data security. Companies are investing in solutions like zero-trust file sharing technology, which employs encryption, password protection, and access control to achieve zero-trust data sharing. This technology ensures data remains secure even if shared through direct links.
• Acquisitions and Expansions: Companies in the secure file transfer market are expanding their capabilities through acquisitions. For example, Redwood Software acquired Cerberus FTP, strengthening its ability to provide secure file transfer solutions for the secure and legal exchange of critical business data within an organization's technology ecosystem.

Regional Insights

• North America: North America dominated the secure file transfer market in 2022. The region's mature IT infrastructure, high demand for secure data sharing solutions, and technological advancements contribute to its leadership in the market.

Key Attributes:

Report Attribute	Details
No. of Pages	175
Forecast Period	2023 - 2027
Estimated Market Value (USD) in 2023	$2.08 billion
Forecasted Market Value (USD) by 2027	$2.97 billion
Compound Annual Growth Rate	9.3%
Regions Covered	Global

Key Topics Covered:
1. Executive Summary
2. Secure File Transfer Market Characteristics
3. Secure File Transfer Market Trends And Strategies
4. Secure File Transfer Market - Macro Economic Scenario
4.1. COVID-19 Impact On Secure File Transfer Market
4.2. Ukraine-Russia War Impact On Secure File Transfer Market
4.3. Impact Of High Inflation On Secure File Transfer Market
5. Secure File Transfer Market Size And Growth
5.1. Global Secure File Transfer Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Secure File Transfer Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Secure File Transfer Market Segmentation
6.1. Global Secure File Transfer Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Business To Business
• Accelerated Transfer
• Ad hoc
• Other Types

6.2. Global Secure File Transfer Market, Segmentation By Enterprise, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Small And Medium
• Large

6.3. Global Secure File Transfer Market, Segmentation By Deployment Model Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• On-Premises
• Cloud-Based
• Hybrid

6.4. Global Secure File Transfer Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

• Banking, Financial Services And Insurance (BFSI)
• Healthcare
• Manufacturing
• Logistics
• Retail
• Media And Entertainment
• IT And Telecommunication
• Government
• Other Industry Verticals

7. Secure File Transfer Market Regional And Country Analysis
7.1. Global Secure File Transfer Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Secure File Transfer Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

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• Global Secure File Transfer Market

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