MFTPaaS Market Share

On the basis of geographical analysis, the global MFTPaaS market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is predicted to dominate majority revenue share by 2037, attributed to increasing penetration of technology, such as, cloud computing and IoT, backed by technological advancement in the developing countries. Furthermore, increasing investment in technological development, including cloud services, in the countries, such as, India, and China is expected to boost the market growth. For instance, the revenue share of the cloud service industry in the Asia Pacific region reached around USD 13 billion in 2019, up from USD 7 billion in 2015.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the higher adoption of advanced technologies, and rising BYOP trend in workplaces in countries, such as, Canada, and the United States. Moreover, the presence of major market players in the region, along with availability of advanced technology are projected to fuel the MFTPaaS market growth.