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par By: David Lee, Info-Tech Research Group • 16 Oct 2019
Many market research firms project that the market for Managed File Transfer (MFT) will grow between 7-10% in the next five years (expressed in compound annual growth rates (CAGR): see here, here and here). Is MFT is a mature technology? Maybe. Is MFT is a stable technology with low risk of disruption? Absolutely not.
It’s quite cliché to quote the amount of data generated each day – 2.5 exabytes, that’s 2.5 billion gigabytes. This figure has thus far grown exponentially: 90% of data generated throughout history was only generated in the past two years. Even if only a fraction of that data needs to be transferred as files, it’s hard to imagine that fraction decreasing exponentially in the future, and that MFT is likely to scale faster than just in a linear fashion. All this is to say that current-day MFT technology cannot scale sufficiently to meet the demand.