About Cloud MFT Services
The Coud MFT services market is one of the fastest growing, and it enables businesses to share files both within and between companies. Cloud computing services' growth and fierce competition among corporate entities are two major growth drivers for the cloud MFT services industry. The growth of the cloud MFT services industry is being fueled by continued innovation and adoption of advanced technologies. Aside from that, it has been observed that most businesses are embracing creative enterprise applications for business transformation in recent years. Furthermore, in order to protect enterprise data, businesses are moving toward advanced data transfer technologies. Such factors are towering the growth of the cloud MFT services market worldwide.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies that are operating in this industry and heavily investing in technology development. There are various market players are entering this industry to capture market growth opportunities. The market leaders are investing in organic and non-organic strategic growth initiatives to become dominant in this industry. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud MFT Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), CA Technologies (United States), Oracle (United States), Axway Software (France), Accellion (United States), Software AG (Germany), Wipro (India), Coviant Software (United States), Saison Information System (Japan) and Tibco Software (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cloud MFT Services market by Type (Consulting and System Integration and Support and Maintenance), Application (BFSI, Retail, Energy Utility, Manufacturing, Telecommunication and Others) and Region.
On the basis of geography, the market of Cloud MFT Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Public Cloud will boost the Cloud MFT Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type of Service, the sub-segment i.e. Automated File Transfer will boost the Cloud MFT Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Investment in Research and Development and The Rise in Technology Development
Market Growth Drivers:
Growing Requirement of Data Security and Governance and Growing Demand for Low Cost
Challenges:
Compliance and Regulatory Concerns: and Lack of End User Awareness
Restraints:
Lack of Awareness in Under Developing Regions
Opportunities:
The Rise in Awareness of Cloud-Based MFT Solutions and Increase in Trend in Application Integration
Market Leaders and their expansionary development strategies
In May 2023, IBM Corporation has Launched of IBM Hybrid Cloud Mesh in order to help the Enterprises Regain Control of their Multicloud Infrastructure, where in order to enable modern enterprises to operate their infrastructure through hybrid multicloud and heterogeneous environments, the Hybrid Cloud system is designed for automation of processes, management and observability in application connectivity across public and private clouds
In May 2020, Progress, a provider of application development and digital experience technologies, is releasing Progress MOVEit 2020, a secure, automated Managed File Transfer (MFT) solution that can be deployed on-premises and in the cloud. The new release comes equipped with MOVEit Mobile 2.0, as well as enhanced cloud, integration and performance capabilities.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cloud MFT Services Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.