Global Team Management Tool Market Research Report 2020-2026

Dental practice management software is use by dentist and other related health professionals as a tool for storing or managing their day to day works. The software includes various activities such as appointment scheduling, document storage and sharing, reporting, contact databases, dental history charting, patient notes, and treatment plans. The software can be use as a communication platform for the employees also for easy running of the dentistry.

Growing awareness, increasing focus on oral health in developed economies and increasing advancement in the technology has driven the global dental practice management software market. In addition, increasing venture capital funding and favourable government support in the health care sector is playing an important role in the growth of the market. In addition, the growing healthcare IT industry and growing urge to give better facilities to is expecting to contribute in the Dental practice software management market. In many countries government is also supporting the deployment of these kind of software tools to improve the oral healthcare access and cut down the administrative burdens and most importantly to maximize productivity

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On the basis of deployment mode the global dental practice management software market is categorized in various segments such as on-premise, web-based and cloud-based segments.  Web-based segment under deployment mode has largest market share in the global dental practice management software market in 2018 due its low cost as compare other software and has same features as cloud-based software.It also has the first-mover advantage in the market. However, in the coming years the cloud-based segment may take largest market share over web-based and on-premises segments. It is projected that cloud based segment will grow at fastest rate during the forecast period. Some key factors such as flexibility, disaster recovery system, increased collaboration, automatic software updates, and ability to work on any internet connected device, environment-friendly features, security, and ability to establish competition has leads in growing this market. 

Global Dental practice management market is segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Presently the North American market dominated the global market but is expected to lose its market leader. Asia Pacific is anticipated to be the fastest growing regional market over the forecast period as in the region there is an increase of investments by industry players. In addition, rising awareness about oral healthcare among people of Asia Pacific region is contributing in the growing rate of the Asia Pacific Dental Practice Management Software Market.

Some of the major players operating in dental practice management software market are, Henry Schein, Inc.; Carestream Dental; Patterson Companies, Inc.; LLC; Practice Web, Inc.; NextGenHealthcare Information Systems, LLC; and ACE Dental Software etc. The market is aiming towards implementing integrated, patient-centric and cost effective models rather than going for the traditional paper based practice concepts. The global dental practice management software market is highly fragmented and companies are adopting strategies such as joint ventures and collaborations to get technological advantages. 

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The global has been segmented as follows:

Global Dental Practice Management Software Market, by Deployment Mode

• On-premise

• Web-based

• Cloud-based 

Global Dental Practice Management Software Market, by Geography

• North America

o U.S.

o Canada

o Rest of North America

• Europe

o U.K.

o Germany

o France

o Rest of Europe

• Asia Pacific

o India

o China

o Japan

o Rest of Asia Pacific

• ROW

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According to the Research Report Insights (RRI) report, the global market for MFT software and service market was valued at over US$ 1157 Million in 2015. In addition, the market is expected to reach US$ 2,071.94 Million by the end of 2025, expending at 6% CAGR.

MFT is a fast, reliable, transparent and secure mode of exchanging large and heavy information or intellectual property between or within organizations. Industries that require critical data privacy such as the banking and financial institutions incorporate MFT solution for safe operational workflow. In other words, MFT prevents leak or theft of confidential data. Business and organizations are rapidly adopting to MFT solutions in order to secure their digital or virtual working platforms.

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Presently, the global market for MFT software and service is growing due to the ever increasing number customer opting for online banking. Over the recent past, the banking system has witnessed immense advancement in technology, especially in developed regions such as Western Europe and North America. This, in turn, has led to higher vulnerability to cyber-attacks and raising concerns over data hacking. Moreover, superior advanced technology of MFT software compared to FTP is expected to fuel the overall market growth of MFT software and service

Based on verticals, the global market for MFT software and service has been segmented into media & entertainment, Banking, Financial Service & Insurance (BFSI), telecommunication, manufacturing, retail, and others (marketing & advertising, energy & utility, and government). Amongst these, the MFT in the banking, financial service & insurance segment is expected to witness a substantially higher demand from the other segments. By 2025, the segment is anticipated to account for over 21% share of the vertical segment in terms of value. RRI indicates that the segment is expected to witness a healthy CAGR over the forecast period.

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Based on software, the global market for MFT software and service is segmented into system-centric, extreme, people-centric file transfer. The system-centric file transfer is expected to be the leading segment and is anticipated to account for over 71% share of the market in terms of revenue by the end of 2025.

By service, the global market for MFT software and service segmented into maintenance, implementation & integration and consulting. Amongst these, the maintenance is expected to the largest segment of the market during the forecast period.

The report further provides analysis and insights about opportunities of the MFT software and service market in seven key regions namely North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and the Middle East and Africa (MEA). Amongst these regions, North America is the most lucrative market for MFT software and service, accounting nearly 50% share of the overall market in terms of value, the other two key regions are Western Europe and Asia Pacific excluding Japan (APEJ).

Major players operating in the global market for MFT software and service include Signiant Inc., IBM Corporation, CA Technologies Inc., SWIFT, The Axway Inc., Oracle Corporation, Software AG, GlobalSCAPE Inc., Wipro Limited, and Micro Focus (Attachmate).

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