Managed File Transfer Software And Service Market : Emergence of Advanced Technologies and Global Industry Analysis

A better, more efficient, and reliable alternative to ad-hoc file transfer solutions, including HTTP and FTP, MFT (managed file transfer) is a software or service commonly used for secure data transfer management from one computer to another over Internet. It is widely considered a faster and more transparent means of transferring heavy data across an organisation or between two or more different organisations.

FMI indicates promising growth prospects for the global managed file transfer software and service market. The market is anticipated to witness moderate growth over an eight-year forecast period, 2016-2025. Up from a value of US$ 1,227.7 Mn estimated or 2016, the market size is expected to reach US$ 2,071.9 Bn by the end of 2025.

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The expanse of online banking sector has been a primary factor propelling the demand for managed file transfer software and services. The past decade has seen a tremendous rise in the number of online banking customers eventually resulting in potential cyber-attacks.

Banks and financial institutions are increasingly adopting MFT solutions since the past few years. The growth in adoption rate is attributed to burgeoning need for security of data and governance.

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Geographically, the global managed file transfer software and service market is classified into seven key regional markets, including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East and Africa (MEA).

North America is anticipated to continue dominance through to 2025 with over 40% market share, owing to rising investments in MFT solutions by a number of businesses seeking improved business process integration.

Some of the major companies competing in the global MFT software and service market landscape, include IBM Corporation, Aspera (an IBM company), Wipro Limited, Oracle Corporation, Accellion, The Axway Inc., TIBCO, Software AG, GlobalSCAPE Inc., CA Technologies Inc., Hightail, Signiant Inc.

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