The global market for managed file transfer services is on the verge of a drastic one in the coming years. The digital renaissance is dictating the terms for the industry. The AI-based data core is used to provide insights. Furthermore, the virtual workforce is developing with a digital skills transfer, again, from a plethora of innovative ecosystems and industries. Conversational AI is implemented to help end users with timely feedback. This trend is set to take the entire industry one step further in the next period.
Persistence Market Research presents a revised forecast for the global Managed File Transfer (MFT) Software & Service market in a recent report titled “Managed File Transfer (MFT) Software & Service Market: Global Industry Analysis (2012 – 2016) and Forecast (2017) -) 2025) “the global market for Managed File Transfer (MFT) software and services was valued at $ 1,032.8 million in 2016 and is expected to record a CAGR of 7.2% from 2017 to 2025. The research and development are the major factors driving revenue growth of the global Managed File Transfer (MFT) Software & Service market.
According to the report “Managed File Transfer (MFT) Software & Service market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” published in 2015 by PMR, the revenue generated by the global Managed File Transfer (MFT) Software & Service market has been estimated at reach US $ 1,157.2 Mn by 2015, an increase from US $ 1,092.1 Mn in 2014. The CAGR of the global Managed File Transfer (MFT) Software & Service market in the 2015-2025 period was 6.0% .
Managed file transfer is a type of software that enables the transfer of files within an organization or between multiple organizations. This method is a fast, safe, reliable and transparent way to exchange files with additional features such as tracking and tracking. As a result, you can find out about data loss from a specific point and even get an acknowledgment after successful completion of the file transfer process. With the advent of digitization, businesses are becoming heavily dependent on the successful transmission of digital files containing critical information. Hence, this transmission should be secure, reliable and fast to run the business process smoothly in real time. The demand for efficient and effective file transfer has increased in recent years. A similar trend is expected to continue over the next five to six years.
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The global Managed File Transfer Software and Services (MFT) market is categorized by software, services, industry, and region. Based on the software, the market is segmented as System-Centric File Transfer, People-Centric File Transfer, and Extreme-File Transfer. The System-Centrac File Transfer segment is expected to post a CAGR of 8.1% during the forecast period. The software segment is divided into Implementation and Integration, Consulting and Maintenance. The Consulting subsegment is expected to record a CAGR of 9.2% during the forecast period.
Based on the industry, the market is segmented as BFSI, Media and Entertainment, Retail, Manufacturing, Telecom and others. The BFSI segment accounted for the highest market share of 37.0% in 2016. The telecom segment accounted for a market share of 10.0% in 2016. The telecom segment is expected to post 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 into the potential of the Managed File Transfer Services (MFT) Software and Services market in regions including North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Of these regions, North America accounted for the largest market share in 2016 due to its superiority over FTP. The Asia Pacific regional market is expected to post a healthy CAGR of 8.0% over the forecast period.
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Top Competitors Covered in the Managed File Transfer (MFT) Software & Service Market Report Include:
CA Technologies Inc.
Micro Focus (Compagno)
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