LONDON, Nov. 23, 2016 /PRNewswire/ -- Managed file transfer is a fast, secure, reliable, and transparent way of exchanging heavy or a large number of files inside or between the organizations. To understand and assess the opportunities in this market, the report is categorically split into four sections, namely market analysis by software, service, vertical, and region. This report covers the global Managed File Transfer (MFT) software and service market performance in terms of value contribution. The report includes key trends, drivers, restraints, and opportunities influencing the growth of the global MFT software and service market currently. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights. The report starts with an overview of the global MFT software and service market and the usage of MFT services in various verticals across the globe. In the same section, PMR covers the global MFT software and service market performance in terms of value. The MFT software and service market is segmented as follows: By Software By Service By Vertical By Region On the basis of software, the market is sub-segmented as: System-centric File Transfer People-centric File Transfer Extreme File Transfer Of these, the conventional products segment accounted for the highest value share of the overall MFT software and service market in 2014. There has been a rise in the number of online banking customers over the decade in the developed regions such as North America and Western Europe. As a result, the danger of cyber-attack is also increasing, due to which adoption of MFT solution by banks and financial institutions is increasing. Currently, the advantages and advanced features of MFT software over FTP are driving the growth of the global MFT market further. The report also comprises a section that analyzes the market on the basis of applications and arrives at the market size in terms of value for the forecast period.