pune, India -- (SBWIRE) -- 02/02/2019 -- The global secure file transfer market has three major geographical segments such as APAC, North America, and EMEA. North America occupied around 47% of the total market share in the global secure transfer file market in 2016. The US and Canada are the largest revenue generators in the secure file transfer market in North America. Factors such as security restrictions, increased operational expenditure, increase in business data processing needs, mobility enablement, and compliance requirement will drive the secure file transfers market in North America during the forecast period.

This market research report on the secure file transfer market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by deployment model (on-premise solutions, cloud-based solutions, and hybrid solutions), by end-user type (SMEs and large enterprises), by industry sector (BFSI, healthcare, legal, retail, media, and entertainment, engineering and manufacturing, and others), and by geography (APAC, North America, EMEA, and Others).

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The global secure file transfer market is highly competitive due to the presence of leading vendors such as Microsoft, Google, IBM, Citrix, and Blackberry. Various players are focusing on improving security, compliance, integration, and ease of use to gain a larger market share and a wide consumer base. Prominent vendors also provide a plug-in to integrate with at least one of the content management systems and e-mail systems such as Outlook, Gmail, and IBM Lotus Notes to increase the usability of these secure file solutions. Companies are aiming to improve and offer innovative security solutions that will protect end-users from cyber-attacks and data thefts.

The major vendors in the global Secure File Transfer market are:
- Accellion
- Axway
- Box
- Citrix
- Egnyte
- Globalscape
- Saison Information Systems (HULFT)
- IBM
- IPSWITCH

Other prominent vendors include 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.

Secure file transfer includes services such as enterprise file sync and share solutions with the focus on security, compliance, integration, and ease of use. The complexity of enterprise operational environment and the growing need for additional security to adhere to regulatory compliance are encouraging companies to opt for secure file transfer services. The introduction of cloud computing and increasing number of cyber-attacks is driving the global secure file transfer market. Major enterprises are the largest end-users of secure file transfer solutions. The development and high growth potential of SMEs in emerging and developing countries is likely to boost the demand for secure file transfer solutions in the global market. Moreover, the incorporation of technologies such as Big Data and IoT will drive the secure file transfer solutions market among large enterprise customers during the forecast period.

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The growth in corporate governance and the increase in the number of regulatory compliance are expected to drive the adoption of secure file transfer solutions in the global market. The services offered by vendors include features that aid in management and monitoring of systems as per the policies established by corporate governance. The global secure file transfer market is expected to cross $1,600 million by 2023, growing at an impressive CAGR of 5.21% during the forecast period 2017-2023.

Automation and structured portals in the BFSI sector will increase its operational productivity

The global secure file transfer market is divided into six industry sector, which includes BFSI, healthcare, legal, retail, media, and entertainment, engineering and manufacturing, and others. The rise in cyber-attacks and financial frauds with the rise in complexity in business processes is driving the need for secure file transfers in the BFSI sector. The incorporation of secure file transfer solutions in the BFSI sector will bring up to 50% in their operational cost and speed up the process overcoming connection problems such as bandwidth limitations.

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The key countries profiled in the report are:
- US
- Canada
- UK
- Germany
- France
- China
- Japan
- Australia
- Brazil
- UAE

Key market insights include:

1. The analysis of the secure file transfer market provides market size and growth rate for the forecast period 2018-2023.

2. Comprehensive insights on current industry trends, trend forecast, and growth drivers of secure file transfer market.

3. The latest analysis of market share, growth drivers, challenges, and investment opportunities.

4. A complete overview of market segments and regional outlook of global secure file transfer market.

5. A detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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