Press release
Demand for Managed File Transfer Service Market from Major End-use Sectors to Increase in the Near Future-Persistence Market Research
According to the report “Managed File Transfer (MFT) Software & Service market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” published in 2015 by PMR, revenue generated by the global Managed File Transfer (MFT) Software & Service market was estimated to reach US$ 1,157.2 Mn by 2015, witnessing an increase from US$ 1,092.1 Mn in 2014. The CAGR of the global Managed File Transfer (MFT) Software & Service market during the period 2015 -2025 was 6.0%.
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Managed file transfer is a type of software that allows transfer of files inside the organization or between multiple organizations. This method is a fast, secure, reliable and transparent way of exchanging files with additional features such as tracking and monitoring. As a result, one can discover loss of data from a specific point and also receive acknowledgement after successful completion of the file transfer process. With the advent of digitalization, companies are becoming heavily dependent on 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. Demand for efficient and effective file transfer has been increasing in the past few years. A similar trend is anticipated to continue during the next five to six years.
Segmental Forecast
Global Managed File Transfer (MFT) Software & Service market is categorized on the basis of software, services, industry and region. On the basis of software, the market is segmented as System- Centric File Transfer, People- Centric File Transfer and Extreme-File Transfer. System- Centric File Transfer segment is anticipated to register a CAGR of 8.1% during the forecast period. The software segment is segmented into Implementation & Integration, Consulting and Maintenance. Consulting sub segment is anticipated to register a CAGR of 9.2% during the forecast period.
On the basis of industry, the market is segmented as BFSI, Media & Entertainment, Retail, Manufacturing, Telecommunication and Others. BFSI segment accounted for the highest market share of 37.0% in 2016. The Telecommunication segment accounted for a market share of 10.0% in 2016. The Telecommunication segment is expected to register a healthy CAGR of 9.5% during the forecast period.
This report covers the drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of the Managed File Transfer (MFT) Software & Service market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted for the largest market share in 2016 owing to Superiority over FTP. The Asia Pacific regional market is expected to register a healthy CAGR of 8.0% during the forecast period.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
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