Managed File Transfer (MFT) Software and Service can be defined as a type of software which is used to provide secure internal, external and ad-hoc data transfers through a network. The software and products are designed to help organizations meet the increasing demand for security, compliance and operational demands of moving information.
The software is used for business automation, along with reporting and non-repudiation. MFT solution helps to simplify management and ensure regulatory compliance while supporting all current security standards and methodology such as SSL encryption.
The key drivers contributing to the growth of managed file transfer software and service market are online banking, increasing rates of device thefts, data hacking, innovation and acceptance of cloud technology. Also, rapid digitization of the organizational processes across different sectors is boosting the overall growth of the market. However, cyber security attack is a factor which is hindering the overall growth of the market.
Key Players in Market:
The key players of global managed file transfer software and service report include Axway (U.K.), IBM Corporation (U.S.) Attunity Ltd (Israel) , Ipswitch, Inc (U.S), GlobalSCAPE, Inc (U.S.), Accellion (U.S.), Coviant Software Corporation (U.S.), OpenText (Canada), Saison Information Systems co.,ltd.(Japan) , JSCAPE (U.S.), Safe-T (Israel) and others.
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Managed File Transfer (MFT) Software and Service Market Segmentation:
For the purpose of this study, Market Research Future has segmented the market of managed file transfer software and service t into solution, service and deployment.
- Application centric
- System Integration
- Support and Maintenance
Out of these, cloud based managed file transfer solutions accounted for the largest market share majorly due to the gaining traction among small and medium businesses as they face the challenge of affordability of the infrastructure required for an on-premises implementation.
Market Research Analysis:
The global managed file transfer software and service market is expected to grow significantly. The market is highly application basis. Cloud based segment of managed file transfer software and service market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
North America accounted for the largest market share because owing to rising investments in MFT solutions by a number of businesses seeking improved business process integration.
Asia-Pacific region is expected to grow over the forecast period, 2016-2022 majorly due to rapid digitization of organizational processes across various sectors.
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