Managed File Transfer Software Service Market Expected To Cross USD 1750 Million By 2022: Global Forecast News
November 18, 2019 by Market-NewsFlash
It is a type of software which is used to provide secure internal, external and ad-hoc data which is transferred through a network. The software and products are designed to help organizations meet the increasing demand for security, compliance and operational demands of moving information.
The software offers applications for business automation, along with reporting and non-repudiation. An MFT solution should simplify management and ensure regulatory compliance while supporting all current security standards and methodology such as SSL encryption and proxy certificates.
The key drivers contributing to the growth of the managed file transfer software and service market are online banking, increasing rates of device thefts, data hacking, innovation and acceptance of cloud technology. Also, rapid digitization of the organizational processes across different sectors is boosting the overall growth of the market. However, cyber security attack is a factor which is hindering the overall growth of the market.
Geographically, North-America accounted for the largest market share in the global managed file transfer software and service market whereas Europe region is expected to grow at a fast pace over the forecast period 2016–2022.
For the purpose of this study, Market Research Future has segmented the market of managed file transfer software and service into solution, service and deployment.
Out of these, application centric accounted for the largest market share in the managed file transfer software and service majorly due to adoption of new technologies across various industries.
Regionally, North America accounted for the largest market share because owing to rising investments in MFT solutions by a number of businesses seeking improved business process integration.
Asia-Pacific region is expected to grow over the forecast period, 2016–2022 majorly due to rapid digitization of organizational processes across various sectors.
The key players of global managed file transfer software and service report include Axway (U.K.), IBM Corporation (U.S.) Attunity Ltd (Israel) , Ipswitch, Inc (U.S), GlobalSCAPE, Inc (U.S.), Accellion (U.S.), Coviant Software Corporation (U.S.), OpenText (Canada), Saison Information Systems co.,ltd.(Japan) , JSCAPE (U.S.), Safe-T (Israel) and others.
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