Managed File Transfer Service Market to Extent an Assessed Value of US$ 2,071.94 Mn by 2025

Managed File Transfer Service Market : Expected to be Valued at US$ 2,071.94 Mn by 2025
According to the latest market report published by Persistence Market Research, titled “Global
Market Study on Managed File Transfer (MFT) Software and Service: Driven by Advanced
Features over FTP (Traditional File Transfer Protocol)” the MFT software and service market is
estimated to be valued at US$ 1157.18 Mn by the end of 2015 and is anticipated to expand at a
CAGR of 6.0% from 2015 to 2025, to account for US$ 2,071.94 Mn by 2025.
MFT is a fast, secure, reliable, and transparent way of exchanging heavy or a large number of files
inside or between the organizations. MFT solutions are adopted in those industries where data
privacy is a primary concern; for instance, in banking and financial institutions where an exchange
of a large amount of confidential data takes place. Thus, in order to secure such data transfer and to
avoid any data loss in the midst, organizations are installing MFT solutions.
Managed File Transfer Service Market Research Report Overview @
https://www.persistencemarketresearch.com/market-research/managed-file-transfer-servicemarket.asp
Currently, the global MFT software and service market is driven by 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 software over FTP are driving the rowth of the global MFT market further.
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). In the
vertical segment, demand for MFT in the banking, financial service & insurance sub-segment is
significantly high as compared to the other sub-segments. This sub-segment is estimated to account
for 21.50% value share of the 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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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 subsegment 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 global market by 2025 end.
Download and View Report TOC, Figures and Tables @
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The report provides in-depth information about various trends driving each segment and provides
analysis and insights about the potential of the MFT software and service market in specific regions.
On the basis of regions, the global MFT software and service market is segmented into seven
regions. By 2025 end, North America is estimated to dominate the market, accounting for around
50% value share of the global market, followed by Western Europe and APEJ.
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