Press release
Managed File Transfer Service Market Anticipated to Experience Significant Growth from 2023 to 2033, Enhancing Data Security and Efficiency
According to estimates, the global Managed File Transfer Software and Service Market will earn US$ 2.7 Billion in revenue by 2026, growing at a single-digit CAGR. According to type, the managed file transfer market is anticipated to be dominated by software in 2026. However, the managed file transfer market's services segment is anticipated to have the greatest CAGR. According to vertical, the BFSI sector is anticipated to account for about 26.7% of the market in 2026.
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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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Key Players
Key competitors covered in the Managed File Transfer (MFT) Software & Service market report include
• Axway Inc.
• IBM Corporation
• Oracle Corporation
• Software AG
• CA Technologies Inc.
• GlobalSCAPE, Inc.
• Wipro Limited
• Swift
• Micro Focus International plc
• Signiant Inc.
• Other.
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Key Segments Covered
Key Segments Covered
• Type
o Software
System-centric File Transfer
People-centric File Transfer
Extreme File Transfer
o Services
Implementation & Integration
Consulting
Maintenance
• Vertical
o BFSI
o Media & Entertainment
o Retail
o Manufacturing
o Telecommunication
o Others
Key Regions Covered
• North America
o U.S.
o Canada
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Western Europe
o Germany
o UK
o France
o Spain
o Italy
o Nordic
o BENELUX
o Rest of Western Europe
• Eastern Europe
o Russia
o Poland
o Rest of Eastern Europe
• Japan
• APEJ
o China
o India
o ASEAN
o Australia & New Zealand
o Rest of APEJ
• Middle East & Africa
o South Africa
o GCC
o North Africa
• Rest of Middle East & Africa
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