MFT offers a higher level of security and control than FTP. Features include reporting (e.g., statement of successful file
transfers), non-repudiation, auditability, global visibility, automation of file transfer-related activities and processes,
end to end security, and performance metrics/monitoring.
On the basis of software, the managed file transfer software market is classified into system-centric file transfer,
people-centric file transfer, and extreme file transfer. System-centric file transfer segment is expected to account for
over half of the market share in terms of revenues. On the basis of service, the global market is classified into
implementation & integration service, consulting service, and maintenance service.
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Maintenance service segment holds the largest market share of managed file transfer software market in terms of
revenue, and is expected to remain dominant over the forecast period. This is due to leading market participants are
investing heavily in R&D activities in order to innovate new MFT solutions.
On the basis of verticals, the managed file transfer software market is classified into banking, financial service &
insurance (BFSI), media & entertainment, retail, manufacturing, telecommunication, and others (government, energy
& utility, and marketing & advertising).
BFSI segment is predicted to lead the market in terms of revenue share by 2021 end. This dominance is attributed to
high data sensitivity and vulnerability to security breaches. Financial service & insurance segment is expected to
expand at a decent CAGR during the forecast period. Geographically, the global market is segmented into North
America, Eastern Europe, Western Europe, Asia Pacific, Japan, Latin America, Middle East and Africa. North America
region accounts for the largest share in the global market and is expected to remain dominant over the forecast period.
This is due to rising investments in MFT solutions by a number of businesses seeking improved business process
integration.
Western Europe is the second largest region with maximum market share of the global MFT software market. Asia
Pacific is expected to grow at highest CAGR over the foremost period, which is then followed by Latin America. These
two developing markets are identified to be the key determinants of the market growth in near future.
The global key players in the managed file transfer software market include IBM Corporation, Aspera (an IBM
company), Wipro Limited, Oracle Corporation, Accellion, The Axway Inc., TIBCO, Software AG, Global SCAPE Inc., CA
Technologies Inc., Hightail, Signiant Inc., Micro Focus (Attachmate), SWIFT, Saison Information Systems, Primeur,
Attunity (RepliWeb), FileCatalyst, and Data Expedition.
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