Managed File Transfer Software and Service Market to Exceed US$ 2071.9 Mn by 2025

Persistence Market Research adds yet another comprehensive and a detailed report titled as ‘Managed File Transfer (MFT) Software and Service Market: Global Industry Analysis and Forecast, 2017-2025’. Due to the inherent advantages of Managed file transfer software over File Transfer Protocol (FTP), its use is increasing day by day, especially in verticals like banking, financial institutions and defense organizations.

This report gives the report readers a comprehensive take on the market dynamics that is affecting the global managed file transfer software and service market in the form of detailed information on drivers, restraints and trends. This report also gives deep insights on the various important regional markets that are active in the global managed file transfer software and service market.

As per the forecasts, the global managed file transfer software and service market was valued at US$ 1,304.1 Mn in 2017 end and is anticipated to reach a valuation of US$ 2071.9 Mn in 2025 end, reflecting a CAGR of 5.9% during the period of assessment 2017-2025.

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With the help of managed file transfer software, files can be transferred securely within the organization or among various organizations. Due to the additional features available in the managed file transfer software like monitoring and tracking, files can be transferred in a secure, fast, reliable and a transparent manner, which is boosting the growth of this market globally. With the help of managed file transfer software, data loss can be discovered from a particular point and as well get acknowledgement after the effective conclusion of the process of file transfer.

In this age of digitization, organizations are becoming more and more dependent on the efficient transfer of digital data which contain critical and confidential information, and this factor is critical for the growth of the global managed file transfer software and service market.

With the help of managed file transfer software, files can be transferred in secure, fast and reliable manner which help in running the processes in organizations in a smooth fashion. Due to the increasing demand for well-organized and effective file transmission since the last few years, this market is gaining ground all over the world.

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On account of software, the system-centric segment was valued at US$ 798.3 Mn in 2017 end and is anticipated to reach a valuation of US$ 1,039.1 Mn at the end of the year 2025. The extreme file transfer segment was valued at US$ 83.6 Mn in 2017 end.

On account of service, the implementation and integration service segment was valued at US$ 55.9 Mn in 2017 end. The consulting segment was valued at US$ 106.1 Mn in 2017 end.
The maintenance segment is expected to be the most attractive segment of all the segments in the service category.

On account of vertical, the BFSI segment was estimated to be valued at US$ 294.6 Mn in 2017. The media and entertainment segment is expected to be the most lucrative segment value wise in the vertical category.

On account of region, the North America managed file transfer software and service market is expected to be the most attractive market, and is anticipated to reach a valuation of US$ 839.1 Mn in 2025 end.

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This report also profiles in detail some of the major companies that are active in the global managed file transfer software and service market. Some of such companies include IBM, Axway, SWIFT, Saison Information Systems, Hightail, CA Technologies, Accellion and Aspera (an IBM company) among others.

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