Global Cloud MFT Services Market Forecast to 2024 with IBM, CA Technologies, and Oracle Dominating

DUBLIN, June 25, 2019 /PRNewswire/ -- The "Cloud MFT Services Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

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The cloud MFT services market is expected to grow at a CAGR of 10.57% over the forecast period 2019-2024.

Various factors such as globalization, virtualization, and digitalization are creating a huge volume of business data that needs to be exchanged or shared within or outside an organization, which is driving the market forward.

Key Highlights

    --  The sharing of information is becoming more complex, with the file sizes
        also increasing, therefore, there is an increasing demand for secure and
        efficient file transfer solutions. The cloud-based MFT has been proven
        to be a good solution for safe and secure file transfer, catering to the
        needs of businesses today.
    --  High information leaks across enterprises, rising need to reduce costs
        of data exchange, increased awareness of risks associated with FTP, need
        for stronger governance and security, and the need for new financial
        reporting requirements are some of the key factors boosting the demand
        for cloud-based MFT services.
    --  The increasing need for secure, consistent and compliant file transfer
        solutions for the smooth operations of the organizations is considered
        as the major driver for this market.
    --  Considering an MNC having globally dispersed teams, depends on fast and
        secure data exchange irrespective of the data size in order to allow
        project collaboration in real time. This dependency raises the need for
        cloud MFT services, thus driving the market.

Major Market Trends

Hybrid Cloud to Witness High Growth

    --  Hybrid cloud systems is a cloud computing environment, which uses both
        private and public cloud systems depending upon the workload and
        sensitivity. Organizations can depend on private cloud for sensitive and
        critical workloads and use public clouds with less sensitive workloads.
    --  In addition, public clouds are cost-effective and offer more
        flexibility. Hence, hybrid systems are preferred by many organizations
        mostly because of these advantages. As enterprises only pay for the
        public could whenever they use it, so they can depend on a private cloud
        during normal operations and can use public clouds during a spike in
        computing power requirement. All these advantages are driving
        organizations to opt for hybrid cloud solutions, hence driving the
        market.
    --  Moreover, with increasing episodes of cybercrimes through hacking,
        malware infection, phishing and information spillages, among others have
        made a requirement for security crucial amid these document exchange
        forms.

North America Occupies the Largest Market Share

    --  North American region is expected to hold the highest market share.
        North America is seen as a significant business sector for oversaw
        record exchange arrangements, as a large number of key players are
        headquartered in this region. The Interest for cloud-based MFT solutions
        keeps on developing in this region with rising area-specific
        compliances.
    --  With the increasing information ruptures in segments like government and
        BFSI have boosted the need for information security in this region.
        Interest in MFT solution is expected to further rise owing to the
        development of the internet of things (IoT), which is relied upon to
        produce a gigantic measure of information to be exchanged among gadgets
        and associations.
    --  Moreover, the market in the United States is growing because it is home
        to some of the largest players in the market and is a pioneer in the
        adoption of advanced technologies like 3D printing, IoT, and Big data
        technologies.

Competitive Landscape

The cloud MFT services market is moderately concentrated with the major players adopting strategies like product and technological innovations and mergers and acquisitions to stay ahead of the competition. Some of the key players in the market are IBM Corporation, CA Technologies, Oracle Corporation among others.

Recent Developments

    --  June 2019 - Microsoft Corporation and Oracle Corporation announced a
        cloud interoperability partnership enabling customers to migrate and run
        mission-critical enterprise workloads across Microsoft Azure and Oracle
        Cloud. Enterprises can now seamlessly connect Azure services, like
        Analytics and AI, to Oracle Cloud services, like Autonomous Database.

Topics Covered

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Need for Secure File Transfer
4.3.2 Need for Reducing Data Transfer Costs and Maintain Corporate Agility
4.4 Market Restraints
4.4.1 Heavy Dependence on Legacy FTPS and Stiff Competition from Competitors
4.5 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
5.1 By Cloud Type
5.1.1 Public
5.1.2 Private
5.1.3 Hybrid
5.2 By End-user Industry
5.2.1 Government
5.2.2 Retail
5.2.3 Manufacturing
5.2.4 Energy Utility
5.2.5 Telecommunication
5.2.6 BFSI
5.2.7 Other End-user Industries
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Axway Software
6.1.3 Citrix ShareFile
6.1.4 Ipswitch File Transfer
6.1.5 Tibco Software
6.1.6 Hightail
6.1.7 Saison Information System Co. Ltd.
6.1.8 CA Technologies Inc.
6.1.9 Oracle Corporation
6.1.10 Accellion Inc.
6.1.11 Software AG

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/ubklf6

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