Managed File Transfer (MFT) Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : ICT | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC387

Introduction

The various aspects of globalization, mobilization, digitization, and virtualization are bringing about a transition in the manner of execution of various operations, communications, and functioning of enterprises. These changes are resulting in large data volumes, that is transferred across various organizations and surpass global boundaries. However, it is very critical to maintain the safety of business data in the process of transfer across various digital paths thereby making it important for organizations to possess dependable file transfer mechanisms and solutions in place. The process of managed file transfer (MFT) has come across as a useful alternative to traditional file transfer methods such as e-mails and file transfer protocol (FTP).

Market Dynamics

The highly pivotal nature of data in the BFSI segment is susceptible to security breaches such as phishing attacks and hacking, employee frauds and theft of storage devices. Therefore, the BFSI industry has conventionally been a major buyer of efficient MFT solutions, thereby commanding a large share of the global MFT market. The need for highly efficient MFT solutions has risen in the BFSI sector owing to incidents such as loss of compact discs of HSBC Bank in 2008 that had sensitive consumer information and the loss of Zurich Insurance’s U.K. branch back-up tapes in 2008. Thus, this sector will continue to propel the market growth and represent a considerable share of the global market in the future years.

Market Classification and Segment Overview

The on-premise deployment method has conventionally remained the most preferred mode of providing excellent security to data, especially in data sensitive sector such as defense and BFSI. The on-premise deployment method commands the largest share in the global MFT market. In the future years, this segment is expected to be a major revenue generator of the market, due to large amounts of data being generated from after sales services and maintenance operations. In the future years, the cloud-based deployment is estimated to evolve as the highly preferred MFT deployment methods. Factors such as high cost awareness and flexibility benefits offered by cloud-based deployment services, and the rapid augmentation being achieved in the data security fields are leading to granting cloud-based deployment services market leadership position. It is expected that there will be huge surge in demand from both medium and small-sized companies over the future years owing to hybrid deployment mode, thereby enabling benefits of both on-premise and cloud deployment modes.

The rapid digitization of organizational processes across developing regions of Asia-Pacific and Latin America has augmented the need for efficient safety mechanisms regulating the digital file transfer routes, thus generating the demand for MFT services and solutions. Digitization is highly raging in the banking sector across Latin America and Asia-Pacific regions and various government organizations. The firms in the BFSI industry are increasingly deploying MFT solutions to enable quick on-boarding of new trading partners, improve availability of systems and improved compliance through numerous applications in payment consolidation, image checks, DLP, and claims processing. With regards to this trend, the major MFT vendors are targeting their strategies towards these nations and are estimated to witness huge growth from sales of solutions and services over future years.

Report Coverage

Market

Global Managed File Transfer (MFT) Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Deployment Type, Service, Solution, Size of Organization, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

The managed file transfer market consists of various vendors, such as Axway Software, IBM Corporation, Ipswitch Inc., GlobalSCAPE Inc., JSCAPE, Attunity, Safe-T, Coviant Software Corporation, Accellion Inc., Saison Information Systems Co. Ltd., OpenText, and others that market their managed file transfer services and solutions to end users to meet their business requirements. Factors such as high cost awareness and flexibility benefits provided by cloud-based deployment services, and the rapid augmentation being achieved in the data security fields are leading to granting cloud-based deployment services market leadership position.

Market Segmentation

Market by Deployment Type

·         Cloud

·         On-Premise

Market by Service

·         Consulting and system integration

·         Support and maintenance

Market by Solution

·         Application-centric

·         People-centric

·         Ad-hoc

Market by Size of Organization

·         Small and medium enterprises (SMEs)

·         Large enterprises

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

High Performance Computing Market (By Component - Servers, Storage, Networking Devices, Software, Services, Cloud, Others; By Deployment - On-premise, Cloud; By End-user - Banking, Financial Services, and Insurance (BFSI), Gaming, Media & Entertainment, Retail, Transportation, Government & Defense, Education & Research, Manufacturing, Healthcare & Bioscience, Others) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction The global High Performance computing market is project worth USD 60.1 Billion in 2026 and the market is projected to showcase 7.4% CAGR during the forecast period. The market is driven by increasing penetration of need for high-efficiency computing across all the verticals. Market Dynamics

Flow Computer Market (By Product - Wired Flow Computers, Wireless Flow Computers; By Application - Oil & Gas, Water & Wastewater, Energy & Power Generation, Food & Beverage, Chemical, Pulp & Paper and Metal & Mining, Others; Market By Component - Hardware, Software, Services) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction The global flow computermarket is project worth $1.8 Billion in 2026 and the market is projected to showcase 8.0% CAGR during the forecast period. The market is driven by increasing penetration of advance computer gadget across various application such as healthcare, commercial space and others. Market Dynamics

White Box Servers Market ( Market By Form Factor - Tower Server, Rack Server, Blade Server, Density-Optimized Server; Market By Business Type - Data Centers, Enterprise customers; Market By Processor Type - X86 Server, Non-X86 Server; Market By Operating System - Linux Operating System, Other Operating System) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction Data centre systems which are not assembled by a renowned vendor are known as white box server market. They are manufactured through several hardware components available in the market. The features of white box server’s enables its use not only is particular application, but also in varied range of applications. They are generally ordered in bulk from origin

Enterprise Network Firewall Market (By Types - Conventional Firewall, Next Generation Firewall (NGFW), Application Firewall; Market By Component - Hardware, Software, Services; Market By Deployment Model - On Premise, Cloud Based) - Global Industry Size, Share, Trends, and Forecast, 2018 - 2026

Introduction Enterprise network firewall is the network security helps in the improving the network security. Network firewall is the ideal place to employ the enterprise network security policy with predetermined security rules. It is an integrated network choke point which prevents potentially vulnerable services either from leaving or entering the network. It also helps in pr

Cables and Accessories Market (By Voltage - Low Voltage, Medium Voltage, High Voltage, Market By Installation-Overhead, Underground, Market By End-Users - Industrial, Renewable - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction A cable is a group of wires or a single wire inside a rubber or plastic covering, used to carry electricity or electronic signals. Additionally, the cable is also referred to as a kind of very strong, thick rope which is made up of wires twisted together. These cables are used for transmission of power or data between the devices. Moreover, an accessory is referred

Healthcare Information System Market (By Delivery Mode – On-Premises Installation, Cloud Based Technology, Web-Based Technology, Market By Component – Software, Hardware, Services. , Market By Application– Pharmacy Information System, Laboratory Information System, Hospital Information System) - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Healthcare information systems are used to capture, store, manage, or transmit data associated with the health of individuals or the activities of the organization that work inside the health sector. Healthcare information system is available in several different types such as operational and tactical systems, subject and task based systems, clinical and administrat

Cart Summary

Special Pricing & Discounts