MFTPaaS Market Size

MFTPaaS Market size is anticipated to witness lucrative growth rate during the forecast period i.e., between 2024-2036. MFTPaaS, or managed file transfer platform-as-a-service provides secure and managed end-to-end data transfer gateway. The growth of the market can be attributed to the increasing adoption of cloud-computing technology, along with the rising need for secure data transfer across the internet. Additionally, the growing adoption of cloud computing, and multi-cloud functioning, is projected to boost the market growth. For instance, cloud computing generated more than USD 390 billion revenue in 2021. Moreover, growing penetration of internet globally, is anticipated to boost the market growth. According to the World Bank Statistics, 56.727% of the global population used internet in 2019; which is estimated to cross 60% by the end of 2021. Moreover, growing technological research and innovation, is estimated to further boost the MFTPaaS market growth.