Report ID:
SQMIG45D2107 |
Region:
Global |
Published Date: October, 2024
Pages:
193
|Tables:
114
|Figures:
72
Global File Integrity Monitoring Market size was valued at USD 962.10 Million in 2022 and is poised to grow from USD 1102.57 Million in 2023 to USD 2862.18 Million by 2031, growing at a CAGR of 14.6% in the forecast period (2024-2031).
The file integrity monitoring market is experiencing substantial growth owing to strict regulatory requirements and the mounting number of cyber threats. The increasing number of ransomware attacks, data breaches, and insider threats is driving the demand for strong security measures like file integrity monitoring. Stringent regulations like PCI-DSS, GDPR, HIPAA, and several others are forcing businesses to have strict control on data integrity, thus triggering the implementation of file integrity monitoring solutions. Hence, growing awareness among businesses regarding the significance of safeguarding confidential and sensitive information is propelling high investments in file integrity monitoring solutions. Growing popularity of FIM solutions due to their seamless integration with SIEM systems since they improve overall security is impacting the market growth.
Nevertheless, significant setup costs of file integrity monitoring solutions are one of the major restraints of the market. High initial implementation cost and current management costs of these solutions may refrain small businesses to adopt them, this restraining the market growth. Furthermore, integration complexity is yet another hampering factor for market growth. Incorporating FIM solutions with the present security and IT infrastructures may be challenging, demanding more expertise. Also, lack of professional workforce or cybersecurity professionals in FIM may notably impact efficient management and deployment of the said solutions. Yet, the market is opportune to factors like expansion of IoT devices, heavy adoption of cloud security solutions, scalability and customizations.
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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The global file integrity monitoring market is segmented based on Installation, Deployment, Organization, End-Use, and Region. Based on Installation, the market is divided into Agent-Based and Agent-Less. Based on Deployment, the market is divided into Cloud and On-Premise. Based on Organization, the market is divided into SMEs and Large Enterprises. Based on End User, the market is divided into BFSI, Government, Healthcare, Education, IT & Telecom, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Analysis by Installation
Based on installation, the file integrity monitoring market is categorized into agent-based and agent-less. The agent-based segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to its exhaustive monitoring, real-time alerts, and the reduced load of network. Agent-based solutions offer comprehensive monitoring of distinct endpoints that enable detailed tracking of configurations and file changes. They also offer real-time notice for illegal changes, allowing speedy response to attacks. By locally processing data on endpoints, these systems can notably decrease the data quantity transferred over the network, thus reducing the use of bandwidth.
On the other hand, the agent-less segment is projected to grow considerably over the forecast period owing to the easy deployment, less use of resources, centralized management, and low maintenance costs. Agent-less solutions can be easily deployed as they do not need individual endpoints to install software, thus reducing complexity and setup time. They also do not consume resources of endpoints, which is beneficial in settings with less computing power. Agent-less FIM enables centralized monitoring in diverse platforms and systems, reducing administrative burden and streamlining management. Businesses can also minimize and control their operational costs without needing the present maintenance and updates of agents on every endpoint.
Analysis by End-Use
Based on end-use, the market is segmented into BFSI, government, healthcare, education, IT & telecom, and others. The BFSI segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to high sensitivity of data and growing number of cyber threats. The BFSI businesses are subject to strict regulations, such as GDPR, PCI-DSS, and SOX that need strong data integrity protocols. This drives the implementation of efficient and reliable file integrity monitoring solutions. The sector manages highly confidential and sensitive to avert data breaches and unlawful access. BFSI is the leading target for cyber threats, triggering heavy security measures, like FIM to safeguard customer data and critical systems.
On the other hand, the healthcare segment will hold a remarkable market share in the coming years owing to sensitive data protection, the growing need for data integrity for the safety of patients, and the rising use of digital health records. The healthcare sector manages extremely sensitive PHI (personal health information) of patients that needs to be protected against unlawful breaches and access. Ensuring thus integrity of medical data and records is important for optimal patient care, thus increasing the reliability and accuracy of FIM. The inclination towards EHRs and other related digital systems is increasing the need for continuous file integrity monitoring to avoid data tampering and loss of data.
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Region-wise, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the presence of advanced cybersecurity infrastructure, increased frequency of cyberattacks, and the existence of many tech companies. The region holds a well-developed framework of cybersecurity and heavy adoption of advanced security technologies, which demands effective FIM solutions. The increasing cases of cyber threats targeting businesses in different sectors like healthcare and BFSI is creating a significant demand for effective and reliable monitoring solutions. Also, the existence of leading tech companies and cyber security vendors is driving innovations and broader availability of these solutions. The key players profiled in the region include Tripwire, Qualys, IBM Security, McAfee, Alert Logic, ManageEngine, and more.
Asia-Pacific is the fastest-growing region in the global file integrity monitoring market due to speedy digital transformation, increasing threat landscape, and growing regulatory initiatives. Nations in the region are witnessing major digital transformation, which ultimately raises the need for strong cyber security protocols like FIM. As data breaches and cyberattacks are growing in different sectors, businesses are increasingly emphasizing security solutions to safeguard confidential information. Also, governments in Asia-Pacific are adopting strict data protection norms, triggering organizations to implement these solutions for better compliance. Furthermore, rising proliferation of IoT devices and cloud services fuels the need for exhaustive monitoring solutions like file integrity monitoring.
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Drivers
Growing Data Sensitivity to Fuel Market
Rising Awareness of Insider Theft
Restraints
Alert Fatigue and False Positives
Perception of Limited Return on Investment
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The competitive landscape of the global file integrity monitoring market is distinguished by the combination of emerging startups and well-established players. These players offer diverse solutions and technologies to cater to the rising demand for compliance and data security. Leading market vendors like McAfee, IBM Security, Alert Logic, Qualys, and Tripwire are engaged in offering solutions that help businesses deploy easily and seek scalability. They are also focusing on offering a package of the best IT management tools that fulfil the needs of mid-sized and smaller businesses. The global market is saturated with multiple players resulting in high competition on features and prices.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the file integrity monitoring market is considerably progressing due to rising cases of data breaches, strict regulatory compliance, and heavy adoption of cloud computing. Businesses are actively shifting to cloud-based solutions, thus raising the need for file integrity monitoring to effectively monitor these settings. However, the market is hampered by the complexity associated with implementation like integration challenges, and issues with configuration. Furthermore, limited IT resources and lack of skilled workforce are also negatively impacting the growth of the market. Nonetheless, a few opportunities for the growth of the file integrity monitoring market include focus on incident response and threat detection, improved user experience, and novel regulatory compliance opportunities. In addition, development of IoT and Mobile solutions is an opportunity to capture new markets domains.
Report Metric | Details |
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Market size value in 2022 | USD 962.10 Million |
Market size value in 2031 | USD 2862.18 Million |
Growth Rate | 14.6% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the File Integrity Monitoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the File Integrity Monitoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the File Integrity Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the File Integrity Monitoring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45D2107
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