The global Managed File Transfer (MFT) software and service market have been witnessing significant growth over the years, due to 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 over FTP are driving the growth of the global MFT market further. In terms of value, the global MFT software and service market is anticipated to expand at a CAGR of 6.0% during the forecast period (2015-2025) to reach US$ 2071.94 Mn by 2025. The global MFT software and service market was valued at US$ 1092.06 Mn in 2014.
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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 sub-segment 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 market by 2025 end.
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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). Currently, demand for MFT software and services in the banking, financial service & insurance sub-segment is significantly high as compared to other sub-segments of the vertical segment. This sub-segment is estimated to account for 21.50% value share of the overall vertical segment by the end of 2025.
On the basis of regions, the global MFT software and service market is sub-segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific Excluding Japan (APEJ), and Japan. 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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This report on the global MFT software and service market profiles some of the key players, including The Axway Inc., IBM Corporation, Oracle Corporation, Software AG, CA Technologies Inc., GlobalSCAPE Inc., Wipro Limited, SWIFT, Micro Focus (Attachmate), and Signiant Inc.
