Managed File Transfer Software Market - Forecast(2024 - 2030)

The Global Managed File Transfer (MFT) Software market is estimated to surpass $1368.0m by 2022 growing at an estimated rate of 6.67% CAGR during the forecast period 2018 to 2022. Majorly driven by the R&D efforts to develop technologies to ensure the safety and quality of file transfers from one resource to another. Further, growing emphasis on publicity and the growing concern about safety among files is also set to propel the market growth in the future.

Global MFT Software is used to offer secure internal, external, and ad-hoc data transfers by using a network. Mostly 80% of the business-to-business communication consists of files with lots of information. Hence, it has become important for many companies to transfer their files between them securely and at high speed. MFT plays a major role in this data transfer. Simultaneously, the file type, size, and volume are also increasing extremely and transfer of data using old methods, such as email is no more practical.

MFT software has been developed to overcome the hurdles faced by the traditional methods such as basic FTP. The FTP servers do not have the ability to tackle the growing data volume requirements and do not offer sufficient visibility into the file transfer activity. Several organizations are on the lookout for MFT vendors to meet their regulatory compliance, increase security, and to automate file transfers. Growing information sharing, and collaboration in enterprises and organizations along with increasing MFT use in government institutes, and IT telecommunication organizations are considered as the key factors driving the market of the MFT software.

This report gives an in-depth assessment of the Global MFT Software market by type, application, and geography. The major category of the global MFT software based on application includes Banking, Financial Services & Insurance (BFSI), media & entertainment, retail, manufacturing, and others. 

Continuous innovations in the file transfer technology coupled with automation for better accuracy, safety, quality, cost-effectiveness, and sustainability in their operations is driving the customer interest towards MFT technology. Integration of this software with IOS and Android application is further attracting the attention of customers towards MFT.

The volume of the files generated is increasing day-by-day. Also the growth of big data, data analytics, IoT devices, and artificial intelligence is compounding the issue.

The base year of the study is 2017, with forecast done up to 2022. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Global MFT Software market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of global managed file transfer software market, and their specific applications in different types of software.

Types of managed file transfer software: System centric file transfer, people centric file transfer, and extreme file transfer

Applications of Global managed file transfer software: Banking & financial services, media & entertainment, retail, manufacturing, and others

The Global MFT Software market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

IBM Corporation, headquartered in the U.S. is one of the largest companies for MFT software. Some of the other key players are Axway (U.S.), Saison Information Systems Co., Ltd. (Japan), Hightail, Inc. (U.S.), and CA Technologies (U.S.)