Managed File Transfer Software Market Is Expected To Reach Approximately USD 1493.15 Million By 2023, While Registering Itself At A Compound Annual Growth Rate (CAGR) Of 6.95% Over The Forecast Period

(I-SoftwareNews.Com, August 29, 2018 ) Industry Outlook and Trend Analysis

The Managed File Transfer Software Market was worth USD 815.6 million in 2014 and is expected to reach approximately USD 1493.15 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.95% over the forecast period. There is a need to share documents with a specific end goal to complete different sorts of business transactions in different enterprises. Customarily, file sharing should be possible by utilizing email or File Transfer Protocol (FTP). Nonetheless, the downside with such sorts of techniques is that such strategies can't be effectively governed and monitored. There are regularly question marks on the issues of security concerning the private records, who have gotten such sort of documents and when. With the end goal to manage such sort of issues in the field of record sharing, there is a considerably more anchored route, named as Managed File Transfer (MFT).

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Drivers and Restraints

There are numerous aspects behind the increment in the worldwide managed file transfer software and service market. A portion of the reasons are expanding rate of cybercrimes, expanding measure of data that needs to be transferred, developing requirement for the control of information and an expansion in the prevalence of patterns like BYOD. Additionally, with the extension of offices like online banking, expanding occurrences of burglary of devices and data, phishing, hacking, and so forth the requirement for a safe framework to deal with the exchange of data. The online banking system is quickly extending both in the developed and developing nations, which is boosting the market for managed file transfer. Additionally, there is an incredible requirement in financial institutions, banking and defence organizations to exchange information and sensitive data in a protected and secure way.

Market Segmentation

The Managed File Transfer Software Market is segmented on the basis of Software into People-centric File Transfer, System-centric File Transfer and Extreme File Transfer. Based on service the market is segmented into Consulting Service, Implementation and Integration Service and Maintenance Service. Based on vertical the market is segmented into Manufacturing, BFSI, Retail, Telecommunication, Media and Entertainment and Others.

Regional Outlook and Trend Analysis

In 2015, North America was the biggest local market on the basis of commitment and represented over 40% share of the overall industry, trailed by Europe. In North America, U.S. is a leading market for managed file transfer solutions and service provides. Real end user industries, for example, BFSI and media and entertainment segments in the nation are progressively contributing advanced file transfer solutions for enhanced information security and unwavering quality.

Competitive Insights

The leading players in the market are Software AG, SWIFT, CA Technologies, Signiant Inc, IBM, Oracle Corporation, Wipro, Axway and Globalscape. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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The Managed File Transfer Software Market is segmented by region as follows-

By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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Qurate Business Intelligence

Nehal Chinoy

+919881074592

nehal@qurateresearch.com

Source: EmailWire.Com

Source: EmailWire.com

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Managed File Transfer Software Market Is Expected To Reach Approximately USD 1493.15 Million By 2023, While Registering Itself At A Compound Annual Growth Rate (CAGR) Of 6.95% Over The Forecast Period