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Why You Should Invest in MFT

Investing in MFT market

Let’s Look Forward

As we approach the New Year, the importance of secure file transfers is only going to grow as cybersecurity threats expand and more and more sensitive data needs to be exchanged.

So, let’s look forward and see why now is the perfect time to invest in a secure managed file transfer solution like GoAnywhere Managed File Transfer (MFT).

Recent Market Trends

MFT software and products are designed to help organizations meet the increasing security, compliance, and operational demands of moving information.

According to Future Market Insights Managed File Transfer (MFT) Market Report, the global MFT market is anticipated to grow from a valuation of $1.6 billion in 2020 to over $4.5 billion by 2031. According to the report, the overall spending for MFT solutions in the United States alone is likely to increase by 8.2 percent between 2021 and 2031.

Significant growth in the market is projected due to the growing need for reliable and cost-effective MFT solutions and has continued to gain interest around the world due to the rising demand of a number of factors. These include the incorporation of artificial intelligence, business productivity, cloud computing, cloud based MFT solutions, robust data movement, and Managed File Transfer as a Service (MFTaaS) across organizations to streamline operations.

Is MFT Dead?

Managed File Transfer is very much alive and is in fact one of the best file transfer solutions out there available to you. MFT solutions offer organizations a clear way to meet regulatory compliance requirements and provide an added great deal of strength to cybersecurity programs. They also add integrated support for clustering and high availability, along with flexibility and centralization.

GoAnywhere is the fastest-growing MFT product in the world because it is a single solution that integrates and securely moves data anywhere through one beautifully designed user interface. GoAnywhere is one of the only MFT solutions that works on every operating system, as well as on-premises and in the cloud. It simplifies data transfers and data integration, secures end-to-end data movement with encryption and protocols, and can help you achieve enhanced visibility and data transfer analytics.

B2B MFT

GoAnywhere MFT provides a solution for all organizations to utilize a strong Business-to-Business (B2B) MFT tool for their own purposes. Large deployments and scaling solutions are made much easier with GoAnywhere.

As far as B2B MFT solutions go, GoAnywhere provides one that can automate and strengthen security strategies at a level most other file transfer solutions simply cannot do.

Why Should You Invest?

According to Cybersecurity Ventures, damage related to cybercrime was predicted to inflict damages totaling $6 trillion globally by the end of 2021. While the costs are expected to continue growing by 15 percent per year over the next five years, reaching $10.5 trillion by 2025.

Some of the costliest aspects of cybercrime to an organization include damage and destruction of data, lost productivity, theft of intellectual property, theft of personal and financial data, post-attack disruption to the normal course of business, restoration and deletion of hacked data and systems, and reputational harm.

In order to combat the growing cybersecurity incidents out there and help prevent the problem before it occurs, taking the time to invest in a solid MFT solution and making sure that your data is transferred smoothly and kept secure, is critical.

Calculate Your ROI

GoAnywhere’s ROI calculator can help you demonstrate the investment value to get internal buy-in. Not only will this valuable tool show you the value of GoAnywhere MFT and how much you could save vs. your current solution over five years, it will also provide you with a handy report to utilize when talking to stakeholders.

The calculator provides an easy snapshot of your savings, is not time-intensive, offers a short and long version of the report, provides a good comparison against competitors, and helps to determine if GoAnywhere fits in your budget.

Maximize Your ROI with MFT

The right MFT solution saves you money, time, and resources by combatting security risks and streamlining your file transfer process with ease.

If you’re keen on knowing what to expect from an investment in MFT, which features are essential to getting the best ROI, and more, explore how to choose the right file transfer solution that will also provide the unrivaled ROI in our guide.

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