August 21, 2020
According to the research report titled ‘Managed File Transfer Market Size By Component, By Deployment Model, By Organization Size, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, global managed file transfer (MFT) market is projected to record significant growth over 2020-2026.
Industry experts claim that increasing adoption of cloud computing solutions along with surging demand for managed file transfer from various industry verticals including retail, healthcare and BFSI sectors are augmenting the growth of global managed file transfer market.
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For the record, managed file transfer technology is a service that manages secure transfer of electronic data of an organization among computer systems and people through a network. Managed file transfer services enable businesses to improve their scalability and efficiency along with functionality enabling control & visibility. Therefore, rising popularity of managed file transfer services across numerous organizations is stimulating the overall market outlook.
Moreover, enhanced data security provided by the managed file transfer solutions along with favorable compliance requirements that can be met through the technology are further bolstering the expansion the market.
Based on component, the report states that the consulting & integration service segment accounted for 80% of the market share in the year 2019 and is anticipated to showcase high CAGR through 2027.Surging demand for integrating managed file transfer platforms tin operational enterprise network infrastructure is fueling the segmental share.
Moving on to the application spectrum, the retail segment is anticipated to witness a CAGR of around 10% over 2020-2026. Rising demand for enhanced file transfer solutions across the supply chain industry is fostering the growth of the segment.
On the other hand, the report claims that the manufacturing segment is also projected to register a 10% CAGR through 2026, owing to growing demand of transferring large amounts of data across production facilities.
Regionally, Latin America managed file transfer market is expected to reflect 15% market share by 2026. Escalating adoption of cloud computing technology is fueling the expansion of the regional market.
The major players that define the competitive terrain of worldwide managed file transfer market are Wipro Limited, TIBCO Software Inc., South River Technologies Inc., Software AG, Signiant Inc., SEEBURGER AG, Saison Information Systems Co., Ltd., Safe-T Group Ltd., QlikTech International AB, Progress Software Corporation, Oracle Corporation, OpenText Corporation, JSCAPE LLC, IBM Corporation, GlobalSCAPE Inc., Cleo Communications Inc., Biscom Inc., Axway Inc., and Accellion, Inc. among others.