Welcome!

News Feed Item

US$ 1.22 Bn Managed File Transfer (MFT) Software and Service Market to Witness Strong Growth in North America

VALLEY COTTAGE, New York, January 12, 2017 /PRNewswire/ --

With rising usage of online banking and increasing concerns about critical data security, the demand for effective, reliable, and efficient data transfer will continue to gain traction. The global managed file transfer (MFT) software and service market registered the revenues worth 1.15 Bn in 2015, which may spike up to US$ 1.22 Bn by 2016 end.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

With expansion of online banking, the threat of cyber-attacks, information and device theft, hacking, phishing, and other security-related issues will continue to emerge. The online banking realm is rapidly thriving in developed as well as developing economies, fuelling the market for managed file transfer. This is anticipated to remain a key factor pushing the market growth. Considered to be a faster, transparent, more reliable, and more secure alternative for intra as well as inter-organisational transfer of heavy confidential data, managed file transfer (MFT) software and services is being increasingly preferred since the recent past. This will remain a major driver to the MFT software and service market.

Request a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-gb-2555

In addition, banking, financial institutions, and defense organizations wherein safety, security, and privacy of information are of paramount, are also expected to fuel the demand for effective MFT solution deployment. Moreover, appropriate MFT solutions further aid in avoidance of loss of data during transfer, fostering the adoption by financial, defense, manufacturing, telecom, entertainment, and other sectors. Technological advancements in MFT software are likely to continue applications in several business verticals, eventually pushing the market for managed file transfer on a global level. Growing popularity and procurement of cloud-based MFT solutions is a current market trend, predicted to generate strong growth opportunities in near future.

On the basis of software, system-centric file transfer software segment is anticipated to dominate other two segments, including people-centric and extreme file transfer segments. The system-centric MFT segment will possibly account for over 62% share of the entire market revenues in 2016, followed by people-centric MFT segment, expected to witness nearly 4.0% of Y-o-Y growth in 2017 over 2016.

Preview Analysis on Global Managed File Transfer (MFT) Software and Service Market by Revenue: http://www.futuremarketinsights.com/reports/managed-file-transfer-software-and-service-market

By service, the global managed file transfer software and service market will witness continued dominance of maintenance segment.

Based on end-user vertical, the market is currently witnessing the highest growth in the banking, financial services, and insurance (BFSI) sector. The demand from BFSI vertical is predicted to remain the highest, generating the maximum revenues to the global market. This growth is primarily attributed to the dynamically evolving BFSI sector and an exploding need for maintaining safety, security, and privacy of confidential data.

Geographically, the global market for MFT software and service is segmented into seven key regions. However, North America is foreseen to remain the dominant market owing to the maximum deployment of technically superior file transfer solutions in a large number of businesses. This region will contribute nearly 45% share to the market revenues in 2016, followed by Western Europe with over 26% share. APAC is expected to witness the fastest growth, followed by Latin America.

Speak with Analyst for any Report Related Quires: http://www.futuremarketinsights.com/askus/rep-gb-2555

IBM Corporation, Oracle Corporation, Wipro Limited, Aspera (an IBM company), Accellion, TIBCO, The Axway Inc., Software AG, CA Technologies Inc., GlobalSCAPE Inc., Signiant Inc., Hightail, SWIFT, and Micro Focus (Attachmate) are some of the key players operating in the global MFT software and service marketplace. A few other notable companies in the competitive landscape include Data Expedition, Saison Information Systems, FileCatalyst, Attunity (RepliWeb), and Primeur.

Long-term Outlook: The global managed file transfer software and service market is anticipated to expand at a moderate CAGR of 6% during 2016-2025. By 2025 end, the market will attain a value of around US$ 2.07 Bn.

More From FMI's Cutting-edge Intelligence: 

  • Computer Keyboards Market Segmentation by Type - Basic Keyboard, Ergonomic Keyboard; By Switch Keyboard - Membrane, Mechanical; By Size - Standard, Laptop, Thumb Size, Numeric; By Application - Corporate, Personal, Gaming: http://www.futuremarketinsights.com/reports/computing-device-keyboards-market
  • Enterprise A2P SMS Market Segmentation By Traffic - National, Multi-Country; By Tool - Cloud API Messaging, Traditional And Managed Messaging; By Applications - Pushed Content Services, Interactive Services, Promotional Campaigns, Customer Relationship Management (CRM); By Verticals - Financial Institutions And Banking, Gaming, Travel And Transport, Health And Hospitality, Retail: http://www.futuremarketinsights.com/reports/enterprise-application-to-person-sms-market
  • Mass Notification Systems Market Segmentation By Application - Interoperable Emergency Communication, Integrated Public Alert and Warning, Business Continuity and Disaster Recovery and Business Operation; By Solution - In-building Solution, Wide-area Solution and Distributed Recipient Solution; By Product Type - Hardware, Software and Services; By End-user Vertical - Ommercial, Education, Energy and Power, Healthcare, Defence, Automotive, Transportation and Logistics and Government Institutions: http://www.futuremarketinsights.com/reports/mass-notifications-systems-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Electronics, Semiconductors, and ICT Market Insights


Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: [email protected]
Press Office: [email protected]

Website: www.futuremarketinsights.com


SOURCE Future Market Insights

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
While many government agencies have embraced the idea of employing cloud computing as a tool for increasing the efficiency and flexibility of IT, many still struggle with large scale adoption. The challenge is mainly attributed to the federated structure of these agencies as well as the immaturity of brokerage and governance tools and models. Initiatives like FedRAMP are a great first step toward solving many of these challenges but there are a lot of unknowns that are yet to be tackled. In hi...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, drew upon his own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He also discussed the implementation of microservices in data and application integrat...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...