MFT Software and Service Market Share Scenario:
As COVID 19 fears are blowing up, Market Research Future finds in its study that the Global Managed File Transfer Software and Service Market 2020 might see a bright future and expand at a CAGR of approximately 11% during the forecast period 2020-2027. The report includes the latest coverage of the impact of COVID-19 on the managed file transfer software and service industry. Thus, through the study, MRFR predicted that that market might go high with USD 1750 million by the end of 2027.
MRFR indicates promising growth prospects for the global managed file transfer software and service market with evolving factors such as the expanse of the online banking sector that has been motivating managed file transfer software and services demand. The past decade has witnessed an astonishing rise in the number of online banking customers, ultimately resulting in potential cyber-attacks. Banks and financial institutions are progressively adopting managed file transfer software and service solutions for the past few years. The augmentation in the adoption rate is attributed to the burgeoning need for security of data and governance as well.
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The competing players of global managed file transfer software and service report are listed as IBM Corporation (U.S.) Axway (U.K.), Ipswitch, Inc (U.S), Attunity Ltd (Israel), Accellion (U.S.), GlobalSCAPE, Inc (U.S.), OpenText (Canada), Coviant Software Corporation (U.S.), JSCAPE (U.S.), Saison Information Systems co.,ltd.(Japan) and Safe-T (Israel).
- The study by MRFR also digs some segmentation of the global managed file transfer software and service market, which has been done through the solution, service, and deployment.
- Depending on solution segment, the market has included application-centric, people-centric and Ad-hoc
- Depending on the service segment, the market has included system integration, consulting, and support, and maintenance.
- Depending on deployment, the market has included on-premises and cloud-based.
Geologically, the global managed file transfer software and service market are classified into crucial regional markets, which include North America, Europe, Asia, and the Rest of the World (ROW).
The region of North America is probable to continue governance through to 2022 with over 40% market share, owing to rising investments in managed file transfer software and service solutions by several businesses seeking improved business process integration.
Western Europe is also estimated to be the second-largest market, with nearly 28% share by 2022 end. Whereas, Asia Pacific will also emerge as the fastest growing market at a robust CAGR over the assessment period, followed by Latin America. These two developing markets are identified to be the critical determinants of the market growth in the future timeframe.
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Table of Contents:
1 Market Introduction
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5 Market Factor Analysis
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