![]() The company offers a series of MFT products, including a server for on-premise MFT. Ipswitch File Transfer could be the clearest example. No less than a half-dozen vendors have made news, mostly about extending their platforms to include new cloud-based services. There's been a flurry of activity in the past few weeks by vendors specializing or competing in file transfer management. MORE CLOUD: Gartner's IaaS Magic Quadrant: a who's who of the cloud market RELATED: 6 file transfer tools to know about These businesses, and users, are attempting to adapt to a new cloud-based world where file transfers are not only done in the cloud, but cloud services allow for even broader capabilities compared to on-premise systems. ![]() Other researchers estimate the market could be more than $2 billion.Īmong the bigger players in MFT are IBM and Citrix, while a growing crop of startups such as YouSendIt aim for the small-business and consumer markets.īut the larger, more compelling trend in how these file transfers are managed is one that's seen across the tech landscape today. Managing all these file transfers is a sizeable market: Gartner analyst Ben Huang estimates it to be at between $700 million to $800 million per year, but that only takes into account recorded revenues. Financial institutions that send large numbers of documents to customers and other business partners may use MFT, too. Email newsletters many times use MFTs to blast users about the latest news or promotions from their company. Bypassing email servers, these systems are dedicated to transferring large files within organizations, between businesses and customers, or in business-to-business or application-to-application transactions. This is what the managed file transfer (MFT) business addresses. But when lots of big files are being sent, email servers can quickly start feeling the pressure, leading to degraded performance and network bandwidth strain. Email is still the dominant way to send information from one person to another.
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