Managed File Transfer (MFT) Market is driven by the increasing number of cyber-attacks and data breaches | Axway Inc., GlobalScape Inc., IBM Corporation, Micro Focus, Software AG

New York, Managed File Transfer (MFT) is a process of securely transferring files between two or more parties. The files can be transferred over a network or through the Internet. MFT includes the ability to track and manage the transfer of files, as well as to ensure the security of the transfer.

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Key Trends

There are several key trends in Managed File Transfer (MFT) technology:

1. The increasing use of cloud-based file storage and sharing services.

2. The increasing use of mobile devices for file sharing.

3. The increasing use of encrypted file transfer methods.

Key Drivers

The key drivers of the Managed File Transfer (MFT) market include the need for secure and reliable file transfer solutions, the increasing number of compliance regulations, and the growing need for automation.

The need for secure and reliable file transfer solutions is driven by the increasing number of cyber-attacks and data breaches. These attacks have resulted in the loss of sensitive data and the disruption of business operations.

The increasing number of compliance regulations is another driver of the MFT market.

The growing need for automation is another driver of the MFT market. Organizations are increasingly adopting MFT solutions to automate file transfers and reduce the risks associated with manual file transfer processes.

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Market Segments

The managed file transfer market is segmented by solution, end-user, and region. By solution, the market is classified into software, and services. Based on the end-user, it is bifurcated into BFSI, media & entertainment, IT & telecom, retail, manufacturing, healthcare, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global managed file transfer market includes players such as Axway Inc., GlobalScape Inc., IBM Corporation, Micro Focus, Software AG, Oracle Corporation, Wipro Limited, Signiant Inc., OpenText Corporation, CA Technologies Inc., and others.

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