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Managed File Transfer (MFT) Market Key Players, End User, Demand and Consumption by 2031

According to a Future Market Insights (FMI) study, the managed file transfer (MFT) market will exceed US$ 1.7 billion in 2021 due to increased adoption in the BFSI and IT & Telecom industries. Managed file transfer is a type of software that allows file transfers both within and between businesses.

This method is thought to be a transparent method of data sharing with additional features such as tracking and monitoring. It is quick, safe, and dependable. Users can use the technology to detect data loss from a specific point in time and be notified when a file transfer is successful.

Businesses are becoming increasingly reliant on the successful transfer of digital files containing critical information as a result of digitization. As a result, they require secure, dependable, and timely transmissions to keep the real-time business process running smoothly. As a result, in recent years, there has been an increase in the demand for efficient and effective file transfer.

The global managed file transfer (MFT) market is expected to grow at a steady CAGR of around 10.0% over the forecast period, according to a revised report by Future Market Insights (FMI) (2021-2031). As long as there is a high demand for cost-effective file transfer technologies, the BFSI segment will emerge as a key end-user.

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Key Market Study Findings

  • Between 2021 and 2031, the managed file transfer market will grow at a 10% CAGR due to rising demand for seamless file transfer between or within organisations.
  • The market in the United States is expected to grow at an 8.2% CAGR through 2031, making it the dominant market in North America.
  • Germany will emerge as a key market for MFT, accounting for more than one-fourth of European demand.
  • China and Japan will emerge as key East Asian markets. While China is expected to account for a larger share, Japan is expected to grow at a faster rate.
  • Rapid digitization will enable double-digit growth in India, propelling the market in South Asia to new heights.

Competitive Environment

Top players in the managed file transfer solution market use new product introduction as a key strategy. They intend to increase their business revenue by doing so. To increase their market share, managed file transfer solution providers are focusing on product/service innovation.

Some of the market’s leading companies include:

  • Axway Inc.
  • GlobalSCAPE, Inc.
  • IBM Corporation
  • Micro Focus
  • Software AG
  • Oracle Corporation
  • Wipro Limited
  • Signiant Inc.
  • OpenText Corporation
Ankush Nikam

Ankush Nikam is a seasoned digital marketing professional, having worked for numerous online firms in his distinguished career. He believes in continuous learning, considering that the digital marketing sector’s rapidly evolving nature. Ankush is an avid music listener and loves to travel.

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Ankush Nikam

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