Are you looking to add Managed File Transfer (MFT) to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Managed File Transfer (MFT) statistics of 2024.
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How much of an impact will Managed File Transfer (MFT) have on your day-to-day? or the day-to-day of your business? Should you invest in Managed File Transfer (MFT)? We will answer all your Managed File Transfer (MFT) related questions here.
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On this page, you’ll learn about the following:
Best Managed File Transfer (MFT) Statistics
☰ Use “CTRL+F” to quickly find statistics. There are total 29 Managed File Transfer (MFT) Statistics on this page 🙂Managed File Transfer (MFT) Market Statistics
- The global MFT market was estimated at US$1.3 billion in 2020 and is projected to reach US$2.4 billion by 2027.[5]. [0]
Managed File Transfer (MFT) Latest Statistics
- Major Objectives Covered in The Report Investigation and analysis of the Managed File Transfer Software and Service Market according to key regions / countries, product type and application, historical data and forecast to 2027. [1]
- ‘Buyers of a median price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’. [1]
- The 30 year mortgage rate dips slightly to 5.1%. [1]
- According to a study by VansonBourne, sponsored by IBM, 51% of systemto system integration is achieved through file transfers. [2]
- Decrease the time it takes to create and deploy file transfers by up to 90 percent. [3]
- Organizational PCI DSS compliance has unfortunately been on a downward trend since 2016, according to Verizon’s latest Payment Security Report , down 8.8 percentage points over the previous year. [4]
- The Verizon report found that only 27.9 percent of organizations achieved full compliance with PCI DSS during their interim validation in 2019. [4]
- As expected, within the retail industry, 99 percent of incidents were financially motivated, with payment data remaining the mostsought after and lucrative commodity by threat actors. [4]
- Even with all of this risk, security spending comprises an average of just 7 percent of organizations total IT budget. [4]
- As 91 percent of attacks did not generate an alert. [4]
- With only 9 percent of attacks receiving alerts, most security teams do not have the visibility they need into serious threats. [4]
- In addition, 53 percent of attacks successfully infiltrated environments without detection. [4]
- Just 33 percent of attacks were prevented by the security tools in place. [4]
- According to the Verizon report, the least compliant key industries identified were retail financial 8. [4]
- The numbers show a clear trend, with a 27.5 percentage point drop in compliance since 2016, illustrating organizations are still not taking all the necessary steps to ensure customer payment data is secure. [4]
- However, only a little more than half successfully test their security systems and processes. [4]
- And, about two thirds are doing what it takes to track and monitor their system access. [4]
- In a 2020 Study from SecurityMetrics , only 43 percent of PCI DSS requirements were met at the time of a data breach. [4]
- In fact, none of the organizations were 100 percent compliant at the time of a breach. [4]
- According to SecurityMetrics, in 2020, approximately 65 percent of paymentcardrelated investigations were of e commerce breaches compared to 2017. [4]
- Just three years ago, only 33 percent of investigations were e. [4]
- Remote access and injection played a role in 66 percent of breaches. [4]
- Where the industry average error rate for file transfers is 6%, the average for TIBCO Managed File Transfer is near 0. [5]
- 28 % Market Overview Managed File Transfer Market is expected to register a healthy CAGR of over 28% during the forecast period. [6]
- According to a Cisco study, US workers save an average of 81 minutes/ week by using their own devices. [6]
- Almost half of all North American enterprises/workplaces had adopted MFT service in 2018, according to Avaya, a prominent technology company in the US. [6]
- The Managed File Transfer Market is growing at a CAGR of 28% over the next 5 years. [6]
- Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2024, region from 2016 to 2024, and global price from 2016 to 2027. [7]
I know you want to use Managed File Transfer (MFT) Software, thus we made this list of best Managed File Transfer (MFT) Software. We also wrote about how to learn Managed File Transfer (MFT) Software and how to install Managed File Transfer (MFT) Software. Recently we wrote how to uninstall Managed File Transfer (MFT) Software for newbie users. Don’t forgot to check latest Managed File Transfer (MFT) statistics of 2024.
Reference
- wikipedia – https://en.wikipedia.org/wiki/Managed_file_transfer.
- marketwatch – https://www.marketwatch.com/press-release/managed-file-transfer-mft-software-and-service-market-statistics-trends-size-by-2025-2024-03-28.
- ibm – https://www.ibm.com/topics/managed-file-transfer.
- axway – https://www.axway.com/en/products/managed-file-transfer.
- goanywhere – https://www.goanywhere.com/blog/pci-statistics-that-may-shock-you.
- tibco – https://www.tibco.com/es/products/tibco-managed-file-transfer.
- mordorintelligence – https://www.mordorintelligence.com/industry-reports/managed-file-transfer-market.
- digitaljournal – https://www.digitaljournal.com/pr/managed-file-transfer-mft-service-market-growth-analysis-2024-industry-size-global-share-top-manufacturers-ibm-axway-saison-information-systems-opentexthightail-business-revenues-impact.
How Useful is Managed File Transfer
One of the key benefits of managed file transfer is its security features. MFT solutions offer a variety of encryption options to protect data both in transit and at rest. These encryption measures help to ensure that only authorized users have access to the data and that it remains secure throughout the transfer process. This is especially important for industries that deal with sensitive information, such as healthcare, finance, and government.
In addition to security, managed file transfer also helps to streamline business processes and improve efficiency. MFT solutions automate many of the file transfer tasks that were previously done manually, saving time and reducing the potential for errors. This automation not only speeds up the transfer process but also frees up valuable resources to focus on higher-priority tasks within the organization.
Furthermore, managed file transfer provides visibility and tracking capabilities that give users insight into the status of their transfers. This visibility is crucial for monitoring the progress of files in transit, identifying potential issues, and resolving them in a timely manner. By having a clear view of the transfer process, organizations can optimize their workflows and ensure that files are delivered efficiently and accurately.
Another benefit of MFT technology is its scalability and flexibility. Managed file transfer solutions can be tailored to meet the specific needs of an organization, regardless of its size or industry. This scalability allows businesses to easily expand their file transfer capabilities as their needs grow without having to invest in new infrastructure or resources. Additionally, MFT solutions can integrate with existing systems and applications, providing a seamless transfer experience for users.
Despite its many advantages, some organizations still hesitate to adopt managed file transfer technology due to concerns about cost and complexity. While implementing an MFT solution may require an initial investment, the benefits in terms of security, efficiency, and visibility far outweigh the costs in the long run. Additionally, many MFT solutions are user-friendly and easy to use, with intuitive interfaces that require minimal training for end-users.
In conclusion, managed file transfer is a highly useful technology that can greatly benefit organizations of all sizes and industries. Its security features, efficiency, visibility, and scalability make it an essential tool for businesses looking to enhance their file transfer capabilities and streamline their workflows. By investing in a managed file transfer solution, organizations can ensure that their data is transferred securely and reliably, enabling them to focus on their core business objectives and drive growth and innovation in today’s competitive marketplace.
In Conclusion
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