MFT Popularity Set to Soar in 2025
3 Feb 2025
Managed File Transfer (MFT) software continues to be a popular addition to corporate IT systems, based on the last global market research.
Washington-based Market Research Intellect (MRI) valued the MFT software and services market at US$12.6B in 2024, and now projects CAGR of 9.97% to a value of US$22.3B by 2031. It attributes this growth to “the increasing need for secure, efficient, and compliant data transfers across enterprises as organisations handle larger volumes of sensitive data”.
MFT solutions provide secure mechanisms for exchanging files internally and externally while ensuring regulatory compliance. The rising adoption of cloud technologies, and the integration of automation and real-time monitoring, have further propelled uptake of MFT solutions, offering greater flexibility and scalability to businesses.
MRI said that industries such as finance, healthcare, and manufacturing, where data security and integrity are paramount, are increasingly relying on MFT software to mitigate risks associated with traditional file transfer methods. Additionally, the growing trend of hybrid and remote workforces is fuelling the demand for cloud-based MFT solutions.
According to MRI, the MFT software and service market is being shaped by “the increasing complexity of data security requirements and the need for compliance with industry regulations.
“MFT facilitates secure, automated, and efficient file transfers, addressing critical pain points such as data breaches and downtime,” they said.
Notwithstanding the popularity and growth of MFT solutions, perceived challenges such as integration with legacy systems, and the usual concerns about the scalability of new solutions in large organisations, might cause some to delay their adoption of MFT technologies. That’s why, at Generic Systems Australia, we use and recommend GoAnywhere MFT, the world’s leading MFT solution. It’s renowned for its easy implementation, robust performance and extensive enterprise systems integrations.
MRI categorises MFT software as “a key solution for secure file management”. So if you’d like to explore further how MFT can help protect your data and make your organisation more efficient, please feel welcome to contact me for an obligation-free chat.
At Generic Systems Australia, we’re your local experts in MFT.