New York, NY -- (SBWIRE) -- 12/21/2017 -- Managed File Transfer (MFT) Software and Service Market: The report includes key trends, drivers, restraints, and opportunities influencing the growth of the global MFT software and service market currently.
The global Managed File Transfer (MFT) software and service market have been witnessing significant growth over the years, due to 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 over FTP are driving the growth of the global MFT market further.
In terms of value, the global MFT software and service market is anticipated to expand at a CAGR of 6.0% during the forecast period (2015-2025) to reach US$ 2071.94 Mn by 2025. The global MFT software and service market was valued at US$ 1092.06 Mn in 2014.
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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.
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 market by 2025 end.
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). Currently, demand for MFT software and services in the banking, financial service & insurance sub-segment is significantly high as compared to other sub-segments of the vertical segment. This sub-segment is estimated to account for 21.50% value share of the overall vertical segment by the end of 2025.
Managed file transfer is a fast, secure, reliable, and transparent way of exchanging heavy or a large number of files inside or between the organizations.
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To understand and assess the opportunities in this market, the report is categorically split into four sections, namely market analysis by software, service, vertical, and region. This report covers the global Managed File Transfer (MFT) software and service market performance in terms of value contribution. The report includes key trends, drivers, restraints, and opportunities influencing the growth of the global MFT software and service market currently. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.
The report starts with an overview of the global MFT software and service market and the usage of MFT services in various verticals across the globe. In the same section, PMR covers the global MFT software and service market performance in terms of value.
The MFT software and service market is segmented as follows:
By Software
By Service
By Vertical
By Region
On the basis of software, the market is sub-segmented as:
System-centric File Transfer
People-centric File Transfer
Extreme File Transfer
In the vertical segment, demand for MFT in the banking, financial service & insurance sub-segment is significantly high as compared to other sub-segments. This sub-segment is estimated to account for 21.50% value share of the overall 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.
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