Portland, OR -- (SBWire) -- 12/28/2017 --Managed file transfer (MFT) Market is a kind of software solution that simplify management of secure internal, external and ad-hoc data transfers. MFT products are designed and built using the file transfer (FTP) network protocol and ensures high level of security and help keep information/data private. The MFT solutions allows the organizations tcentrally manage all the file transfers and alsintegrates the newer applications required tmeet service legal agreements (SLAs) with on-time delivery.
The market is segmented on the basis of solution type, mode of deployment, service, size of the organization, industry vertical and geography. Based on type, the market is divided intapplication-centric solutions, Ad-Hoc solutions, People-Centric solution, and others. MFT market by service is further segregated intdifferent services including implementation, integration & testing service, support and maintenance service, and consulting services. Small & medium enterprises and large enterprises have been considered under market by organization size. The MFT solutions have been deployed on-premises and on cloud. Industry vertical segment includes IT & telecommunication, healthcare, government, BFSI, retail, media & entertainment and others. Geographically, the global market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
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Market Dynamics:
Drivers:
· The integration of MFT solutions provides organizations with centrally managed systems for all the file transfers and ensures compliance with external regulations and internal security policies with little IT investment. The centrally managed systems is likely tdrive the market growth.
· The increasing challenges regarding information security threats, and growing regulations further boosts the adoption of MFT solutions in SME and large enterprises.
· The rising trend in application integration and availability of cloud based solutions further drives the market growth.
Restraints:
· Additional integration requirements for MFT solutions restrains the application-centric solution market ta certain extent.
Market Players:
The top players in the global Managed File Transfer (MFT) market include International Business Machines Corporation, Axway, OpenText Corporation, JSCAPE LLC, Saison Information Systems Co., Ltd., GlobalSCAPE, Inc., Attunity Ltd., Ipswitch, Inc., Coviant Software Corp., TIBCO, and Data Expedition Inc. among others. These companies have adopted different market strategies in an effort tgain foothold in the global market.
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KEY TAKEAWAYS
MARKET LANDSCAPE
By Solution Type
· Application-centric solutions
· Ad-Hoc solutions
· People-centric solutions
· Others
By Service
· Implementation, integration & testing service
· Support & maintenance service
· Consulting service
By Deployment
· On-premise
· Cloud
By Organization Size
· Small and medium enterprises
· Large enterprises
By Industry Vertical
· IT & Telecommunication
· Healthcare
· Government
· BFSI
· Retail
· Media & entertainment
· Others
By Geography
· North America
· U.S.
· Canada
· Mexico
· Europe
· UK
· Germany
· France
· Spain
· Italy
· Rest of Europe
· Asia-Pacific
· China
· Japan
· India
· Australia
· South Korea
· Rest of Asia-Pacific
· LAMEA
· Brazil
· Saudi Arabia
· South Africa
Rest of LAMEA
Managed File Transfer (MFT) Market Is Expected to Exhibit an Upward Growth Trend Across Widespread Verticals
Managed file transfer (MFT) Market is a kind of software solution that simplify management of secure internal, external and ad-hoc data transfers. MFT products are designed and built using the file transfer (FTP) network protocol and ensures high level of security and help keep information/data private.