Global Managed File Transfer Software and Service Market: Overview
Managed file transfer is a service or software that takes care of and ensures secured transfer of
Data from one computer to another one over a network like the internet. Managed file transfer software is promoted to various corporate houses as a substitute of impromptu file transfer solutions like HTTP and FTP.
Component, enterprise size, end use, and region are the four parameters based on which the global managed file transfer software and service market has been split for better assessment of the market.
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Global Managed File Transfer Software and Service Market: Notable Developments
One of the developments that characterize the changing course of the global managed file transfer software and service market is as mentioned below:
- In July 2019, IBM Corporation made an acquisition of Red Hat Inc., a leading American software company that specializes in open source software products. This strategic move is likely to speed up the high-value business model if IBM Corporation and widen the reach of the products and services provided by the both the companies.
Some well-known organizations in the global managed file transfer software and service market comprise the below-mentioned:
- CA Technologies
- IBM Corporation
- Oracle Corporation
- Tibco Software
- Swift File Transfer
- Axway Software
Global Managed File Transfer Software and Service Market: Key Trends
The following drivers, opportunities, and restraints characterize global managed file transfer software and service market over the review period, from 2019 to 2027.
Ease of Data Transfer Together with Data Security Boosts the Market
Ensuring protection of data in the extremely controlled and expanding landscape of data necessitates a proactive approach. Concisely, businesses can achieve multiple data related objectives with the help of managed file transfer software and service. Many companies opt for managed file transfer software and service as the platform is capable of doing all the follow ups to attain business goals.
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The global managed file transfer software and service market is primarily influenced by the growing need for the product in the manufacturing sector. In that sector, managed file transfer software and service assists in the management of files by streamlining the transfer process and through a centralized system.
The global managed file transfer software and service market is estimated to be propelled by the increased funding from various manufacturers for the purpose of automating the process of data transfer. In addition, there is a steep rise in the demand for the product in the media and entertainment sector, which is further likely to boost the market over the assessment tenure, from 2019 to 2027. Real time monitoring offered by the managed file transfer software and service is anticipated to offer prevention against data thefts for the companies.
On the other hand, there is a lack of awareness about the advantages offered by the managed file transfer software and service, which is likely to hamper growth of the market.
Global Managed File Transfer Software and Service Market: Geographical Analysis
The global managed file transfer software and service market has been split on the basis of regions. The regional segmentation is likely to offer a comprehensive of the regional markets and their influence over the global market scenario over the forecast tenure. Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America comprise the major regions of the market.
Considering regions, North America is estimated to account for a lion’s share of the global managed file transfer software and service market over the assessment period. Such regional dominance stems from the massive investment made in the telecom and the IT sector. Europe is also prophesized to emerge as another prominent region in the market over the review period.
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- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
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- Eastern Europe (Poland and Russia)
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