By the conclusion of the forecast period in 2026, the managed file transfer service market is anticipated to have expanded at a 9.3% CAGR
Managed File Transfer Software and Service Market
Controlled file transfer software enables the transfer of files between or within organisations. Because it is efficient, secure, dependable, transparent, and has added capabilities like tracking and monitoring, this type of file exchange is successful. As a result, it is feasible to determine whether data loss started at a specific time and whether a file transfer operation was successful.
Businesses are relying more and more on the successful transfer of digital files carrying vital information as a result of the advent of digitalization. As a result, this communication needs to be safe, dependable, and reliable in order for a real-time business process to continue.
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There are three types of managed file transfer software, which include system-centric file transfer, people-centric file transfer, and extreme file transfer. The managed file transfer software and services market is divided into two segments on the basis of type and vertical.
On the basis of type, the managed file transfer software and services market is segmented into software and services. Software are offered by vendors in three different types, namely system-centric file transfer, people-centric file transfer, and extreme file transfer software. Services include implementation & integration, consulting, and maintenance services.
Managed File Transfer Software & Services Market: Dynamics
The factors driving the global managed file transfer software and services market are mandatory government regulations, increasing demand from enterprises across different industry verticals, growing concern for safety and security, increasing globalization of industries, and others. The benefits offered by managed file transfer over traditional FTP, such as management of large data volumes and improved visibility over the file transfer process are major factors expected to drive the demand for MFT software and services over the forecast period.
Revenue generated by the global managed file transfer software and services market is estimated to exhibit a single digit CAGR, and hence, reach US$ 2.7 Bn by 2026. On the basis of type, the software segment is estimated to hold the largest share in 2026 of the managed file transfer market. However, the services segment in the managed file transfer market is expected to exhibit the highest CAGR. On the basis of vertical, the BFSI segment is estimated to hold approximately 26.7% of the market share in 2026.
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The managed file transfer software and services market in APEJ is expected to witness the highest growth in the global managed file transfer market, owing to the increasing adoption of enterprises for improving the security, safety, and control over large volumes of data in different industry verticals
Managed File Transfer Software & Services Market: Vendor Landscape
Some popular vendors contributing towards the managed file transfer software and services market are Axway Inc., IBM Corporation, Oracle Corporation, Software AG, CA Technologies Inc., GlobalSCAPE, Inc., Wipro Limited, Swift, Micro Focus International plc, and Signiant Inc.
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