From GlobeNewswire: 2024-04-03 11:30:00

The global secure file transfer market is projected to grow from $2.08 billion in 2023 to $2.28 billion in 2024, with a CAGR of 10.0%. By 2028, it is expected to reach $3.26 billion, driven by rising network assaults and cybersecurity threats, fueling demand for secure file transfer solutions.

Companies are innovating with blockchain-based private file-sharing services like TransferChain Send to enhance security. These services use end-to-end encryption and blockchain technology to ensure the confidentiality of files during transfer, catering to businesses and individuals seeking robust data protection.

Market segmentation reveals a concentration among large enterprises in the secure file transfer market, with major players like Axway, Microsoft, and IBM dominating. The top ten competitors accounted for a significant share in 2023, pointing towards a consolidated competitive landscape with opportunities for innovation and growth.

Anticipated growth in the secure file transfer market is driven by the increasing costs of data breaches, urging organizations to ramp up cybersecurity measures. With advancements in technology and market consolidation, the industry presents prospects for expansion and development to meet evolving security challenges.



Read more at GlobeNewswire: Secure File Transfer Market Analysis 2024-2028: Projected