Managed File Transfer MFT Software and Service Market Insights Video

According to Cognitive Market Research, The Global Managed File Transfer MFT Software and Service market is USD 1.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 9.80% from 2023 to 2030.

• North America is the largest region, boasting a substantial 38% market share and a market size of 0.68 USD billion in 2023.
• Europe emerges as a prominent region, commanding a substantial 30% market share and a market size of 0.54 USD Billion in 2023.
• Asia-Pacific emerges as the fastest-growing region, securing a notable 23% market share and reaching a market size of 0.41 USD billion in 2023.
• Latin America plays a notable role, securing a 5% market share and contributing to a market size of 0.09 USD Billion in 2023.
• Middle East and Africa region command a 4.00% market share, contributing significantly to a market size of 0.07 USD Billion in 2023.
• The demand for managed file transfer software and services is rising due to the increasing demand for secure and efficient file transfer solutions among businesses of all sizes and the need for faster, more reliable, and more secure file transfers to support global business operations..
• Demand for System-centric File Transfer remains higher in the managed software and service market.
• The BFSI category held the highest managed file transfer software and service market revenue share in 2023.