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.
MARKET SCOPE
The "Global MFTPaaS market Analysis to 2028" is a specialized and in-depth study of the MFTPaaS market with a special focus on the global market trend analysis. The report aims to provide an overview of the MFTPaaS market with detailed market segmentation by service type, end-user, and geography. The global MFTPaaS market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading MFTPaaS market players and offers key trends and opportunities in the MFTPaaS market.
MARKET SEGMENTATION
- The global MFTPaaS market is segmented on the basis of service type, end-user.
- On the basis of deployment, the market is segmented as system centric file transfer, people centric file transfer, extreme file transfer.
- On the basis of end-user, the market is segmented as government, BFSI, retail, manufacturing, energy and utility, IT and telecommunication.
MARKET DYNAMICS
Drivers:
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- The MFTPaaS market is growing as the need for cloud computing services increases and the adoption and innovation of new technologies in recent years.
- Most firms employ new enterprise apps to modernize their business/information, and improved data transmission technologies help businesses secure their data. It contributes to the growth of the MFTPaaS market.
Restraints:
- The MFTPaaS market's growth is likely hampered by data security and rising cyber-attacks..
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The MFTPaaS market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the MFTPaaS market in these regions.
IMPACT OF COVID-19 ON MFTPaaS MARKET
The rapid spread of the Covid-19 pandemic has triggered a massive financial crisis and created a health crisis across the globe. The ongoing pandemic also had a significant impact on overall international trade and businesses. The outbreak of COVID-19 has slowed down the growth of the MFTPaaS market owing to challenges in maintaining operational continuity, securing network data, and adapting to new traffic patterns. Organizations have actively focused on understanding the function of automation in digital transformation due to the pandemic. Moreover, enterprises also learn to measure the Return on Investment (ROI) as compared to other competing initiatives. These factors are expected to have a significant effect on the market over the coming years.
MARKET PLAYERS
The report covers key developments in the MFTPaaS market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from MFTPaaSmarket are anticipated to lucrative growth opportunities in the future with the rising demand for the MFTPaaS market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the MFTPaaS market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- IBM Corporation
- CA Technologies
- Oracle Corporation
- Axway Software
- Citrix ShareFile
- Accellion
- Software AG
- Wipro Ltd.
- Coviant Software
- Saison Information System