MFTPaaS Market Segmentation:
Deployment Mode Segment Analysis
The public cloud segment is projected to account for 59.1% of the global MFTPaaS market share by 2034. The public cloud is most sought after, owing to the growing enterprise preference for scalability and lower CAPEX solutions. Public cloud services enable more agile data governance and centralized control over encryption keys and identity management, per the U.S. National Institute of Standards and Technology (NIST). Such recommendations are directly accelerating the sales of public cloud solutions. Also, the boom in government investments for public cloud transitions is pushing the demand for cloud-native MFTPaaS offerings globally.
Industry Vertical Segment Analysis
The BFSI segment is expected to capture 30.5% of the global market share throughout the forecast period, owing to strict data security requirements and real-time transaction needs. The compliance obligations under laws such as GLBA, SOX, and PSD2 are also contributing to the sales of MFTPaaS solutions. The European Union Agency for Cybersecurity highlighted secure managed file transfer as a top priority for financial services in its 2024 sector threat report. Such studies are increasing the trade of managed file transfer platform-as-a-service solutions. Many institutions are also investing in AI-enabled MFTPaaS to handle high-volume encrypted data exchange across cross-border financial operations.
Our in-depth analysis of the global MFTPaaS market includes the following segments:
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