The MFTPaaS market is expected to grow by more than 16.8% CAGR in the next five years. MFTPaaS enables cloud-based sharing of information among businesses which helps to transfer files between multiple enterprises or inside an enterprise.
According to latest research by Future Market Insights, MFTPaaS market is set to witness higher growth during 2021-2031. The market will show highest growth in coming years, owing to increasing adoption of cloud computing services and adoption & innovations in advanced technologies. Moreover, security of information and increasing cyber-attacks is expected to hamper the growth of the MFTPaaS market.
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What is Driving Demand for MFTPaaS Market?
Growing need for adoption of cloud computing services and adoption & innovations in advanced technologies in recent years fuels the growth of the MFTPaaS market. Majority of enterprises adopts innovative enterprise applications for business/information transformation and enterprises also uses advanced data transfer technologies which helps them to secure enterprise data.
It fuels the demand for the MFTPaaS market. Also increasing demand for the advanced technologies such as big data, IoT, penetration of digital technologies is expected to drive the demand for the MFTPaaS market.
Increasing need for Secure File Transfer is Driving the Adoption of MFTPaaS Market
The enterprises need secure file transfer such as share solutions and enterprise file sync with security, integration, compliance. But along with the cloud computing technology the risk of data breach gas been increased. As well as sophistication in cyber-attacks also fuels the demand for the highly secure data transfer channels/platform for enterprises.
MFTPaaS provides highly secure data transfer channels/platform for enterprises/SMEs and helps to address security vulnerabilities associated with HTTP systems and old FTP. Thus increasing need for secure file transfer owing to increasing number of cyber-attacks is expected to drive the demand for the MFTPaaS market.
Who are the Major Vendors of MFTPaaS Market?
Some of the leading vendors and companies of MFTPaaS market include
- IBM Corporation
- CA Technologies
- Oracle Corporation
- Axway Software
- Citrix ShareFile
- Accellion
- Software AG
- Wipro Ltd.
- Coviant Software
- Saison Information System
- Tibco Software among others.
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for MFTPaaS market.
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MFTPaaS Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Key Segments
By Service Type:
- System-centric File Transfer
- People-centric File Transfer
- Extreme File Transfer
Industry:
- Government
- BFSI
- Retail
- Manufacturing
- Energy & Utility
- IT & Telecommunication
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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