Managed File Transfer Market : Technological Advancements, Evolving Industry Trends and Insights

Digitization, mobilization, globalization, and virtualization are bringing about a major change in the way many operations are executed, communications take place, and enterprises work. These changes are also churning out vast volumes of data, which is transferred across enterprise and even global boundaries. Maintaining the safety of critical business data while it is being transferred across diverse digital paths has made it imperative for organizations to have reliable file transfer solutions and mechanism in place.

Managed file transfer (MFT) has come ahead as a viable alternative to conventional file transfer ways such as e-mails and File Transfer Protocol (FTP). TMR findings state that the global MFT market will exhibit a favorable 7.7% CAGR from 2016 to 2024 as companies increasingly embrace this file transfer mechanism. The market is expected to rise from a valuation of US$774.3 mn in 2014 to US$1,637.3 mn by 2024.

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The highly critical nature of data in the BFSI segment is vulnerable to security breaches such as hacking and phishing attacks, theft of storage devices, and employee frauds. Thus the BFSI industry has traditionally remained a major procurer of efficient MFT solutions, representing a dominant 20.82% of the global MFT market in 2015.

Recent incidents such as the loss of HSBC Bank compact discs containing sensitive consumer information and the loss of back-up tapes of Zurich Insurance’s U.K. branch have affirmed the need for effective MFT solutions in the BFSI sector. The sector will continue to be a major driver for the market and represent over 21% in the global market by 2024.

Set to revolutionize the MFT market dynamics, cloud-based deployment will expand at the highest, 9.0% CAGR and hybrid deployment will expand at an 8.7% CAGR from 2016 to 2024. On-premise deployment will achieve the least traction, and will exhibit a 6.8% CAGR over the same period.

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Rapid digitization of organizational processes across developing parts of Asia Pacific and Latin America has highlighted the need for effective safety mechanisms governing the digital file transfer routes and are thus driving the increased demand for MFT systems and solutions. Digitization is especially rampant in government organizations and the banking sector in Latin America and Asia Pacific.

In response to this trend, major MFT vendors are aligning their strategies towards these regions and are expected to earn a major share in revenues from sales of services and solutions in these regions over 2016 to 2024. The MFT market in Asia Pacific is expected to expand at the fastest CAGR of 10.3% over the said period. The MFT market in Latin America will witness growth at the second-highest pace, a 9.2% CAGR over 2016 to 2024.

Managed File Transfer Market : Rising Prevalence of Cybercrimes Drives MFT Adoption

Cloud and hybrid deployment models will revolutionize the global market for managed file transfer (MFT) and an increasing number of MFT vendors will align their business practices so as to make the most from this trend, states TMR in a recent report. The highly fragmented market features the presence of a large number of large-, mid-, and small-scale companies. Large-scale companies in the market, such as Ipswitch, Inc. and IBM are expanding their reach in lucrative regional markets such as Middle East and Africa and Asia Pacific by establishing operation and support centers, R&D centers, and acquiring small-scale niche regional players.

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Large-scale vendors are also focusing on acquiring security standards such as integrated HIPAA and HITECH to tap the excellent growth opportunities provided by cloud service segment. In the next few years, cloud and hybrid services are expected to gain a dominant share in the global MFT market, phasing out on-premise deployment practices to a large extent.

Rising Prevalence of Cybercrimes Drives MFT Adoption

Rising volumes of business critical data from industries such as BFSI, defense, and telecommunications have made file transfer networks vulnerable to data breaches and thefts. The rising number of cybercrimes and the burgeoning need for centralizing critical data are some of the key factors driving the need for effective file transfer technologies and protocols. Conventional file exchange methods such as e-mails and File Transfer Protocol (FTP) have no longer remained viable options for managing sensitive files, especially now as the ways of cybercrimes are improving at an alarming rate.

Several government policies, mandating that sensitive data from fields such as healthcare, BFSI, and defense be properly secured, are also leading to an increased demand for effective MFT services and solutions. Examples include the Payment Card Industry Data Security Standard (PCI-DSS) for the payment industry and the Health Insurance Portability and Accountability Act (HIPAA) for the healthcare industry in the U.S.

Asia Pacific and Latin America to Present Most Attractive Investment Options

Developing countries across Asia Pacific and Latin America provide the much needed resources, raw materials, and growth opportunities to several industries owing to rising spending power and development across several sectors. As a result, Asia Pacific and Latin America have seen the emergence and expansion of many industries in the past few years. Sectors such as BFSI, telecommunication, defense, and IT are on the verge of a digital makeover in these regions, becoming increasingly exposed to incidences of cybercrimes.

This has highlighted the need for effective file transfer protocols that can securely manage file transfer routes and mitigate chances of undesired breakthroughs. Owing to these factors, the market for managed file transfer will witness significant expansion in Asia Pacific and Latin America from 2016 to 2024. The market will expand at a 10.3% CAGR in Asia Pacific and a 9.2% CAGR in Latin America over 2016 to 2024.

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The global market is expected to expand at a favorable 7.7% CAGR from 2016 to 2024, rising from a valuation of US$774.3 mn in 2014 to US$1,637.3 mn by 2024. Owing to the highly sensitive form of data, the BFSI and hospital segments will emerge as two of the most lucrative application areas over the said period.

The review is based on a recent makret research report published by Transparency Market Research, published “Managed File Transfer Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

Managed File Transfer Software & Service Market to Register a Stout Growth by 2025-end

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 Managed File Transfer (MFT) Software & Service market was valued at US$ 1,032.8 Mn in 2016, and is expected to register a CAGR of 7.2% from 2017 to 2025. Increasing demand from the banking sector and increased spending on R&D are 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 FMI, revenue generated by the global Managed File Transfer (MFT) Software & Service market was estimated to reach US$ 1,157.2 Mn by 2015, witnessing an increase from US$ 1,092.1 Mn in 2014. The CAGR of the global Managed File Transfer (MFT) Software & Service market during the period 2015 -2025 was 6.0%.

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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.

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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.

Managed File Transfer Market : Up-to-Date Analysis of Market Trends and Technological Improvements

Cloud and hybrid deployment models will revolutionize the global market for managed file transfer (MFT) and an increasing number of MFT vendors will align their business practices so as to make the most from this trend, states TMR in a recent report. The highly fragmented market features the presence of a large number of large-, mid-, and small-scale companies. Large-scale companies in the market, such as Ipswitch, Inc. and IBM are expanding their reach in lucrative regional markets such as Middle East and Africa and Asia Pacific by establishing operation and support centers, R&D centers, and acquiring small-scale niche regional players.

Large-scale vendors are also focusing on acquiring security standards such as integrated HIPAA and HITECH to tap the excellent growth opportunities provided by cloud service segment. In the next few years, cloud and hybrid services are expected to gain a dominant share in the global MFT market, phasing out on-premise deployment practices to a large extent.

Obtain Report Details @

https://www.transparencymarketresearch.com/managed-file-transfer-market.html

Rising volumes of business critical data from industries such as BFSI, defense, and telecommunications have made file transfer networks vulnerable to data breaches and thefts. The rising number of cybercrimes and the burgeoning need for centralizing critical data are some of the key factors driving the need for effective file transfer technologies and protocols. Conventional file exchange methods such as e-mails and File Transfer Protocol (FTP) have no longer remained viable options for managing sensitive files, especially now as the ways of cybercrimes are improving at an alarming rate.

Several government policies, mandating that sensitive data from fields such as healthcare, BFSI, and defense be properly secured, are also leading to an increased demand for effective MFT services and solutions. Examples include the Payment Card Industry Data Security Standard (PCI-DSS) for the payment industry and the Health Insurance Portability and Accountability Act (HIPAA) for the healthcare industry in the U.S.

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https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11435

Developing countries across Asia Pacific and Latin America provide the much needed resources, raw materials, and growth opportunities to several industries owing to rising spending power and development across several sectors. As a result, Asia Pacific and Latin America have seen the emergence and expansion of many industries in the past few years. Sectors such as BFSI, telecommunication, defense, and IT are on the verge of a digital makeover in these regions, becoming increasingly exposed to incidences of cybercrimes.

This has highlighted the need for effective file transfer protocols that can securely manage file transfer routes and mitigate chances of undesired breakthroughs. Owing to these factors, the market for managed file transfer will witness significant expansion in Asia Pacific and Latin America from 2016 to 2024. The market will expand at a 10.3% CAGR in Asia Pacific and a 9.2% CAGR in Latin America over 2016 to 2024.

The global market is expected to expand at a favorable 7.7% CAGR from 2016 to 2024, rising from a valuation of US$774.3 mn in 2014 to US$1,637.3 mn by 2024. Owing to the highly sensitive form of data, the BFSI and hospital segments will emerge as two of the most lucrative application areas over the said period.

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Global Managed File Transfer Market 2017 – Threats, Analysis, Key Players, Solution, Service, Deployment, Growth, and Forecast to 2022

“Global Managed File Transfer Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.

Managed file transfer (“MFT”) refers to a software or a service that manages the secure transfer of data from one computer to another through a network (e.g., the Internet). MFT software is marketed to corporate enterprises as an alternative to using ad-hoc file transfer solutions, such as FTP, HTTP and others.

The report portrays a thorough summary of the global Managed File Transfer Market and investigates the key micro- and macro-economic factors distressing the growth of the market. The report also exemplifies the various marketing channels prevailing in the global Managed File Transfer market and conveys information about few of the critical distributors functioning in the market. The report moreover projects the size and valuation of the global market in the near future.

The report inspects the entire demand and supply chain in the global Managed File Transfer market and distillates the various components. The report assesses the figures of the global market and presents reliable forecasts as to the market’s growth prospects over the coming years. The ecological and competitive dynamics of the global Managed File Transfer market are also offered in the report study, helping to deliver a comprehensive picture of the market.

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This study provides an evaluation of aspects that are expected to impact growth of market in an undesired or constructive method. The research study further presents the past performance of the global Managed File Transfer market, coupled with the statistics from 2017 to 2022 on the basis of volume and revenue. This research report on Managed File Transfer provides detailed analysis on the main growth prospects and challenges in the market.

This report includes massive data relating to the product or technological developments observed in the market, complete with an analysis of the impact of these advancements on the market’s future development. Some of the leading players operating in the global Managed File Transfer market are profiled in the report for the purpose of detailed case study. The business and financial overview of these companies along with their key strategies adopted have been given in this report.

Company Profiled in this Report: The Key Players operating in the Managed File Transfer market includes IBM, GlobalSCAPE, Axway, Attunity, Ipswitch, OpenText Corporation, Coviant Software Corporation, Accellion, JSCAPE, Saison Information System, Co., Ltd.

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The steady support to this Industry in developed regions is likely to enable their steady dominance in the Global Managed File Transfer Market in the coming years, but the growing acknowledgment of the high volume of unmet demand in emerging regions has driven the sector in countries given below such as:

By Regions, this report covers:

North America

Asia-Pacific (APAC)

Europe

Latin America

Middle East and Africa (MEA)

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Global Managed File Transfer Market 2017 – 2022: Rising Prevalence of Cybercrimes Drives MFT Adoption

 “Global Managed File Transfer Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.

Managed file transfer (“MFT”) refers to a software or a service that manages the secure transfer of data from one computer to another through a network (e.g., the Internet). MFT software is marketed to corporate enterprises as an alternative to using ad-hoc file transfer solutions, such as FTP, HTTP and others.

The report starts by presenting an industry overview of the Managed File Transfer Market in the developed and developing regions. This section defines the market and presents its state and importance in the developed and developing areas. The trends and competitive status of Managed File Transfer market during this period have also been reviewed under this section of the report. The new entrants and the predicted trends in the market have also been summarized under this section of the report.

The research report analyzes the Global Managed File Transfer Market in a thorough manner by clarifying the key characteristics of the market that are anticipated to have a measureable influence on its evolving prospects over the forecast period. The key opportunity areas in Managed File Transfer market and the top trends impacting the development of the market have also been presented through this report. The current growth and development patterns of this market have also been encapsulated in this study.

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The report takes stock of the Managed File Transfer market on the basis of its attractiveness as well as investment feasibility. It also offers quantitative and qualitative description of every aspect of the market and catches the emerging industry trends. The aim of the report it to enable the readers to focus on the Managed File Transfer market on the basis of product specifications, existing competitive landscape and the market’s revenue with effectiveness. 

This report analysis will help organizations understand the major threat and opportunities that vendors have to deal in Managed File Transfer market. The competitive background section of the report covers the key vendors and throws light on the strategies being adopted by them for better penetration into the market. The key applications or end users of Managed File Transfer market have also been presented in this section of the study.

Key Players: 

IBM

GlobalSCAPE

Axway

Attunity

Ipswitch

OpenText Corporation

Coviant Software Corporation

Accellion

JSCAPE

Saison Information System, Co., Ltd

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Geographically, the report explores the potential of the Managed File Transfer market in the major regions mentioned in this report. Currently, highest alleging share market is also mentioned in this report. The prime region for Managed File Transfer market across the world are:

By Regions, this report covers:

North America

Asia-Pacific (APAC)

Europe

Latin America

Middle East and Africa (MEA)

Complete Report: https://www.researchnreports.com/service-industries/Global-Managed-File-Transfer-Market-Research-Report-2017-143662       

About Research N Reports:

Research N Reports is a new age market research firm where we focus on providing information that can be effectively applied. Today being a consumer driven market, companies require information to deal with the complex and dynamic world of choices. Where relying on a sound board firm for your decisions becomes crucial. Research N Reports specializes in industry analysis, market forecasts and as a result getting quality reports covering all verticals, whether be it gaining perspective on current market conditions or being ahead in the cut throat Global competition. Since we excel at business research to help businesses grow, we also offer consulting as an extended arm to our services which only helps us gain more insight into current trends and problems. Consequently we keep evolving as an all-rounder provider of viable information under one roof.

Contact:

Sunny Denis

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(Research N Reports)

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Managed File Transfer Software Market Spotted at US$ 2,071.94 Mn by 2025

According to the latest market report published by Persistence Market Research, titled “Global Market Study on Managed File Transfer (MFT) Software and Service: Driven by Advanced Features over FTP (Traditional File Transfer Protocol)” the MFT software and service market is estimated to be valued at US$ 1157.18 Mn by the end of 2015 and is anticipated to expand at a CAGR of 6.0% from 2015 to 2025, to account for US$ 2,071.94 Mn by 2025.

MFT is a fast, secure, reliable, and transparent way of exchanging heavy or a large number of files inside or between the organizations. MFT solutions are adopted in those industries where data privacy is a primary concern; for instance, in banking and financial institutions where an exchange of a large amount of confidential data takes place. Thus, in order to secure such data transfer and to avoid any data loss in the midst, organizations are installing MFT solutions.

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Currently, the global MFT software and service market is driven by the rise in the number of online banking customers over the decade in the developed regions such as North America and Western Europe. As a result, the danger of cyber-attack is also increasing, due to which adoption of MFT solution by banks and financial institutions is increasing. The advantages and advanced features of MFT software over FTP are driving the rowth of the global MFT market further.

The global MFT software and service market is sub-segmented on the basis of verticals into Banking, Financial Service & Insurance (BFSI), media & entertainment, retail, manufacturing, telecommunication, and others (government, energy & utility, and marketing & advertising). In the vertical segment, demand for MFT in the banking, financial service & insurance sub-segment is significantly high as compared to the other sub-segments. This sub-segment is estimated to account for 21.50% value share of the vertical segment by the end of 2025. As per PMR estimates, this segment is projected to expand at a decent CAGR during the forecast period.

On the basis of software, the global MFT software and service market is sub-segmented into system-centric, people-centric, and extreme file transfer. The system-centric file transfer sub-segment is estimated to account for 71.5% revenue share of the market by 2025 end.

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On the basis of service, the global MFT software and service market is sub-segmented into implementation & integration, consulting, and maintenance. The maintenance sub-segment is estimated to account for the highest revenue share of the global market by 2025 end.

The report provides in-depth information about various trends driving each segment and provides analysis and insights about the potential of the MFT software and service market in specific regions. On the basis of regions, the global MFT software and service market is segmented into seven regions. By 2025 end, North America is estimated to dominate the market, accounting for around 50% value share of the global market, followed by Western Europe and APEJ.

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Key players in the global MFT software and service market include The Axway Inc., IBM Corporation, Oracle Corporation, Software AG, CA Technologies Inc., GlobalSCAPE Inc., Wipro Limited, SWIFT, Micro Focus (Attachmate), and Signiant Inc.