Global Managed File Transfer (MFT) Software and Service Market: Overview

Managed file transfer (MFT) is a kind of software, which gives a better option to secure basic data transfer internally or externally through a network. Managed file transfer is based on the FTP network protocol. However, managed file transfer needs to follow some strict federal regulations in order to meet compliance standards. In addition, they comprise mechanisms that ensure to keep information private and along with higher security. It offers business automation along with concept non-repudiation and reporting. However, managed file transfer ensures regulatory compliance while supporting current methodology and security standards for proxy certificates, SSL encryption, and encryption.

Global Managed File Transfer (MFT) Software and Service Market: Growth Factors

Escalating growth in the online banking operations on daily basis may fuel the global managed file transfer (MFT) software and service market growth in coming years. Rising advantages of managed file transfer (MFT) over FTP will also impact the market growth positively. However, the introduction of managed file transfer (MFT) software and service in financial institutions and banks is anticipated to help grow the cyber-attack terror, which in turn may restrain the global market growth in future.

Global Managed File Transfer (MFT) Software and Service Market: Segmentation

The global managed file transfer (MFT) software and service market is bifurcated based on service as maintenance, implementation & integration, and consulting. Of these, maintenance is dominating service segment in the global market. Based on software, the global market is fragmented as extreme file transfer, system-centric, and people-centric. Of these, system-centric software segment contributed for the largest market share. Furthermore, the global managed file transfer (MFT) software and service market are categorized based on verticals as financial service & insurance (BFSI), telecommunication, manufacturing, banking, retail, media & entertainment, marketing & advertising, government, energy & utility, and others. Banking holds the largest market share compared to other vertical segment.

Global Managed File Transfer (MFT) Software and Service Market: Regional Analysis

The managed file transfer (MFT) software and service market is geographically segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the leading region for managed file transfer (MFT) software and service market due to enormous growth in the online banking customers. This is expected to propel market growth in the near future.

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Global Managed File Transfer (MFT) Software and Service Market: Competitive Players

Major key players operating in the global managed file transfer (MFT) software and service market include CA Technologies Inc., The Axway Inc., Software AG, SWIFT, and GlobalSCAPE Inc. Other players influencing the global market are Wipro Limited, Signiant Inc, IBM Corporation, Micro Focus (Attachmate), and Oracle Corporation.

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