Managed File Transfer Service Market
Global Market Study on Managed File Transfer (MFT) Software & Services: North America to Remain Most Attractive Regional Market Through 2026
Global Managed File Transfer Software and Services Market Revenue to Expand at a CAGR of 9.3% During the Forecast Period (2018–2026), Driven by Increasing Need for Safety and Security in File Transfer Process
Managed file transfer is a type of software that allows the transfer of files inside an organization or between multiple organizations. This method is a fast, secure, reliable, and a transparent way of exchanging files, with additional features such as tracking and monitoring. As a result, one can discover the loss of data from a specific point, and also receive an acknowledgement after successful completion of a file transfer process.
With the advent of digitalization, companies are becoming heavily dependent on the successful transmission of digital files bearing critical information. Hence, this transmission should be secure, reliable, and quick to run the business process smoothly in real time. The demand for efficient and effective file transfer has been increasing in the past few years. A similar trend is expected to continue during the next five to six years.
There are three types of managed file transfer software, which include system-centric file transfer, people-centric file transfer, and extreme file transfer. The managed file transfer software and services market is divided into two segments on the basis of type and vertical.
On the basis of type, the managed file transfer software and services market is segmented into software and services. Software are offered by vendors in three different types, namely system-centric file transfer, people-centric file transfer, and extreme file transfer software. Services include implementation & integration, consulting, and maintenance services.
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- ?Axway Inc.
- IBM Corporation
- Oracle Corporation
- Software AG
- CA Technologies Inc.
- GlobalSCAPE, Inc.
- Wipro Limited
- Micro Focus International plc
- Signiant Inc.
Managed File Transfer Software & Services Market: Dynamics
The factors driving the global managed file transfer software and services market are mandatory government regulations, increasing demand from enterprises across different industry verticals, growing concern for safety and security, increasing globalization of industries, and others. The benefits offered by managed file transfer over traditional FTP, such as management of large data volumes and improved visibility over the file transfer process are major factors expected to drive the demand for MFT software and services over the forecast period.
Revenue generated by the global managed file transfer software and services market is estimated to exhibit a single digit CAGR, and hence, reach US$ 2.7 Bn by 2026. On the basis of type, the software segment is estimated to hold the largest share in 2026 of the managed file transfer market. However, the services segment in the managed file transfer market is expected to exhibit the highest CAGR. On the basis of vertical, the BFSI segment is estimated to hold approximately 26.7% of the market share in 2026.
The managed file transfer software and services market in APEJ is expected to witness the highest growth in the global managed file transfer market, owing to the increasing adoption of enterprises for improving the security, safety, and control over large volumes of data in different industry verticals
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Managed File Transfer Software & Services Market: Vendor Landscape
Some popular vendors contributing towards the managed file transfer software and services market are Axway Inc., IBM Corporation, Oracle Corporation, Software AG, CA Technologies Inc., GlobalSCAPE, Inc., Wipro Limited, Swift, Micro Focus International plc, and Signiant Inc.
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