MFT products are designed and built using the file transfer (FTP) network protocol and ensures high level of security and help keep information/data private.
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Managed file transfer (MFT) Market is a kind of software solution that simplify management of secure internal, external and ad-hoc data transfers.
The MFT solutions allows the organizations to centrally manage all the file transfers and also integrates the newer applications required to meet service legal agreements (SLAs) with on-time delivery.
The market is segmented on the basis of solution type, mode of deployment, service, size of the organization, industry vertical and geography.
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MFT market by service is further segregated into different services including implementation, integration & testing service, support and maintenance service, and consulting services. Small & medium enterprises and large enterprises have been considered under market by organization size.
The MFT solutions have been deployed on-premises and on cloud. Industry vertical segment includes IT & telecommunication, healthcare, government, BFSI, retail, media & entertainment and others.
Geographically, the global market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The integration of MFT solutions provides organizations with centrally managed systems for all the file transfers and ensures compliance with external regulations and internal security policies with little IT investment. The centrally managed systems is likely to drive the market growth.
The increasing challenges regarding information security threats, and growing regulations further boosts the adoption of MFT solutions in SME and large enterprises.
The rising trend in application integration and availability of cloud based solutions further drives the market growth.
Additional integration requirements for MFT solutions restrains the application-centric solution market to a certain extent.
The top players in the global Managed File Transfer (MFT) market include International Business Machines Corporation, Axway, OpenText Corporation, JSCAPE LLC, Saison Information Systems Co., Ltd., GlobalSCAPE, Inc., Attunity Ltd., Ipswitch, Inc., Coviant Software Corp., TIBCO, and Data Expedition Inc. among others. These companies have adopted different market strategies in an effort to gain foothold in the global market.
By Solution Type
o Application-centric solutions
o Ad-Hoc solutions
o People-centric solutions
o Implementation, integration & testing service
o Support & maintenance service
o Consulting service
By Organization Size
o Small and medium enterprises
o Large enterprises
By Industry Vertical
o IT & Telecommunication
o Media & entertainment
o North America
o Asia Pacific
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