Managed File Transfer (MFT) Service Market: North America is Dominating MFT Service Market

Managed File Transfer (MFT) Service Market: Global Industry Analysis and Forecast 2015 - 2021

File transfer protocol is the base for managed file transfer and a standard network used to transfer files from one host network to another. Currently, large enterprises are shifting toward managed file transfer services to ensure enhanced security in the transfer of data. Managed file transfer is a type of software that provides enhanced internal, external and ad-hoc data transfer through network. Secure file transfer simplifies synchronization and sharing of files between devices and also speed up the structured and unstructured business processes.

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Global managed file transfer service market is classified into solution, service, vertical and region. The Global managed file transfer service market can be segmented on the basis of solution, which includes system-centric solution, people-centric solution, and extreme file transfer solution. On the basis of service, the market can be segmented into consulting service, implementation service, and integration service. The global managed file transfer service market can be segmented on the basis of vertical such as government sector, retail sector, manufacturing sector, energy utility sector, telecommunication sector, banking, financial service and insurance (BFSI) sector and media and entertainment sector. Region wise, global managed file transfer service market is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Asia-Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). At present, North America is dominating the managed file transfer service market, followed by Western Europe. Among all the regions, APEJ is expected to represent a huge opportunity for key players operating in the managed file transfer service market during the forecast period.

Growing demand for digital supply chain results in expansion of a volume of data and higher security reasons, which in turn is encouraging especially large enterprises to adopt managed file transfer services and solutions. This is expected to support growth of the managed file transfer service market growth over the forecast period.

Additionally, availability of vertical specific managed file transfers solution and services fueling the growth of the managed file transfer service market.

Lack of awareness among end-user verticals especially in developing regions such as Latin America and APEJ is expected to hampering the growth of the managed file transfer service market during the forecast period. Additionally, pressure on the providers to lower per-transmission cost can hinder the growth of the managed file transfer service market.

Key players in the global managed file transfer service market focus on the introduction of advanced solutions and services in order to gain competitive advantage and strengthen position in the market. Additionally, major players in the market emphasize on investing in research and development activities.

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Some of the major players identified in the global managed file transfer service market are IBM Corp., Axway Inc., Saison Information System Co. Ltd., CA Technology Inc., Oracle Corp., Accellion Inc., Software AG.

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