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Managed File Transfer (MFT) Software and Service Market: North America Anticipated to Dominate the Global Market Through 2025: Global Industry Analysis and Opportunity Assessment, 2016-2025NEW YORK, April 5, 2017 /PRNewswire/ -- A better, more efficient, and reliable alternative to ad-hoc file transfer solutions, including HTTP and FTP, MFT (managed file transfer) is a software or service commonly used for secure data transfer management from one computer to another over Internet. It is widely considered a faster and more transparent means of transferring heavy data across an organisation or between two or more different organisations. The advent of technology has brought in several benefits, coupled with secure data transfer. With growing applications of cloud-based MFT solutions and rising awareness about flexibility benefits of cloud-based file transfer, the market will gather momentum over the forecast period. A large number of SMEs and banks are increasingly investing in cloud-based managed file transfer solutions in order to achieve cost-effective maintenance and scalability. Affordable infrastructure associated with cloud-based on-premise MFT deployment is likely to create lucrative opportunities in market. System-centric File Transfer Software Leads the Software Segment Based on software, the global market for managed file transfer software and services is fragmented into three key segments i.e. system-centric file transfer, people-centric file transfer, and extreme file transfer. Over the forecast period, system-centric file transfer segment is projected to account for over half of the market share in terms of revenues. Demand for Maintenance Gathers Highest Momentum in Service Segment By service, the market has been segmented into implementation & integration service, consulting service, and maintenance service. Maintenance service segment is expected to dominate throughout the forecast period, with the highest revenue share. BFSI Remains the Leading Vertical in Terms of MFT Procurement On the basis of vertical, there are six key segments in the global MFT software and service market, viz. banking, financial service & insurance (BFSI), media & entertainment, retail, manufacturing, telecommunication, and others (government, energy & utility, and marketing & advertising). BFSI segment is however predicted to spearhead the market in terms of revenue share by 2025 end. This dominance is attributed to high data sensitivity and vulnerability to security breaches. North America Continues to Lead Globally, Followed by Western Europe Geographically, the global managed file transfer software and service market is classified into seven key regional markets, including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East and Africa (MEA). North America is anticipated to continue dominance through to 2025 with over 40% market share, owing to rising investments in MFT solutions by a number of businesses seeking improved business process integration. Western Europe is estimated to be the second largest market with nearly 28% share by 2025 end. Asia Pacific will however emerge as the fastest growing market at a robust CAGR over 2016-2025, followed by Latin America. These two developing markets are identified to be the key determinants of the market growth in near future Key Players Focus More on Alliance with Regional Companies Read the full report: http://www.reportlinker.com/p04665957/Managed-File-Transfer-MFT-Software-and-Service-Market-North-America-Anticipated-to-Dominate-the-Global-Market-Through-Global-Industry-Analysis-and-Opportunity-Assessment.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/managed-file-transfer-mft-software-and-service-market-north-america-anticipated-to-dominate-the-global-market-through-2025-global-industry-analysis-and-opportunity-assessment-2016-2025-300435465.html SOURCE Reportlinker |