Global File Integrity Monitoring Market By Type (Agent-based, Agent-less), By Application (Banking Financial Services and Insurance (BFSI), Government, Healthcare and Lifesciences, Education, Media an...
Report Id: 44224 | Published Date: Jul 2024 | No. of Pages: 15 | Base Year for Estimate: Jul 2024 | Format:
Market Overview:
The file integrity monitoring market is a service that enables organisations to test and check operating systems (OS), databases, and application software files to determine whether or not documents, images, videos and other files have been altered or corrupted. This process is done securely. Employers can use this technology to assist staff in avoiding the use of consumer-based file-sharing programmes and applications for managing, storing, and accessing data securely.
The Global File Integrity Monitoring Market was valued at USD 1.01 billion in 2023 and is projected to reach USD 2.27 billion by 2031, growing at a CAGR of 17.29% from 2023-2031. As the BSFI sector is one of the critical infrastructure segments that suffer is privy to several data breaches and cyberattacks, owing to the large customer base that the industry serves and the financial information, that is at stake. File integrity is therefore further emphasised by different warnings sent out by security agencies. Cybersecurity also became a major priority during the global pandemic as the process of maintaining file integrity monitoring was becoming more and more reliant on digital technologies leading to a growth in the market
Premium Insights:
Enterprises in industries such as finance, healthcare and retail are increasingly adopting FIM solutions due to stringent regulatory standards like GDPR, HIPAA and PCI DSS
Integration of FIM with advanced analytics, AI and machine learning enhances threat detection capabilities, providing a competitive edge to solution providers.
Global File Integrity Monitoring Market Dynamics:
Drivers: Stricter data protection regulations, increasing sensitive data and focus on cloud security.
-Regulations like GDPR (General Data Protection Regulation) and HIPAA (Health Insurance Portability and Accountability Act) mandate data security and breach notification. FIM helps organizations comply with these regulations by ensuring data integrity and facilitating audit trails.
- The proliferation of digital data, including personal information, financial records, and intellectual property, necessitates robust protection measures. FIM helps safeguard sensitive data by detecting unauthorized changes and potential data leaks.
-The growing adoption of cloud computing necessitates effective security solutions for cloud-based data. FIM can be deployed on-premises or in the cloud, ensuring data integrity across different environments.
Restraints: Implementation complexity, high cost of ownership and integration challenges.
-Implementing and managing FIM solutions can be complex, requiring technical expertise and ongoing configuration. This can be a challenge for smaller organizations with limited IT resources.
-The initial purchase cost of FIM software and the ongoing costs associated with deployment, maintenance, and skilled personnel can be a barrier for some organizations, particularly budget-conscious ones.
-Integrating FIM solutions with existing legacy IT infrastructure can be complex and time-consuming, hindering implementation and hindering broader adoption.
Opportunities: Focus on cloud-based solutions, MSS and focus on user-friendly interfaces.
-Cloud-based FIM solutions offer ease of deployment, scalability, and reduced management overhead. This can be attractive for smaller organizations and facilitate wider market adoption.
-Managed security service providers (MSSPs) offering FIM as a service can cater to organizations lacking in-house expertise and resources. Subscription-based models can make FIM more accessible financially.
-Developing user-friendly interfaces and generating clear, actionable reports can improve the usability of FIM systems and enable better decision-making for security teams.
Market By File Integrity Type Insights:
Based on component type, the market is segmented into software and services. Software accounts for a major market share as FIM software provides core functionalities like real-time file monitoring, change alerts, and tamper detection. It is offered in various deployment models and licensing options to cater to a wide range of organizations.
Based on the installation mode, the market can be segmented into Agent-based and Agentless. The agent-based installation segment is expected to lead the market. This dominance can be attributed to the agents installed on individual devices, which offer control and deep file system validity. This is crucial for organisations with strict security requirements and sensory data. However, the agentless monitoring segment is witnessing growth due to its ease of deployment and reduced maintenance needs.
Based on deployment mode, the market can be segmented into On-premises and cloud. The on-premises deployment holds the dominant share in the market due to organisations with strict data security concerns or those hesitant about cloud storage. This mode allows them to maintain full control over their data.
Based on organisation size, the market can be segmented into Small & medium-sized enterprises and large enterprises. Large enterprises account for a significant market share due to their extensive IT infrastructure, large data volumes to protect and the resources to invest in comprehensive FIM solutions.
Market By End-Use Insights:
Based on end-use, the market is majorly occupied by financial services due to the highly regulated nature of the financial services industry and the need to protect sensitive financial data from unauthorised access or modification.
Market By Region Insights:
Based on regional coverage, the market can be segmented into North America, Asia-Pacific, Europe, Middle East & Africa and Latin America. North America was the largest market in 2023 owing to factors like the region's increasing usage of the internet, deployment of software and IT infrastructure in enterprises and growing instances of cyber attacks. Asia-Pacific is also witnessing significant growth as more small and medium-sized enterprises are moving from the traditional on-premise environment to a hybrid cloud environment.
Competitive Scenario:
Major players in the region include LogRhythm, Inc.; AlienVault, Inc.; Trend Micro Incorporated; McAfee, LLC; Qualys, Inc.; Paessler AG; SolarWinds Worldwide, LLC; Tripwire, Inc.; and Trustwave Holdings, Inc.
Key Market Developments:
August 2023- A collaboration to create cutting-edge security and integrity software solutions was announced by LogRhythm, a multinational IT security company, and Cimcor, a security, integrity, and compliance software solutions provider with headquarters in the US. By fusing LogRhythm's all-inclusive security information and event management (SIEM) platform with Cimcor's file integrity monitoring (FIM) solution, CimTrak, the two companies collaborated to assist enterprises globally in enhancing their visibility and fortifying themselves against contemporary cyberattacks.
November 2023-To provide customers with cutting-edge tools for improving their security position, FileCloud, a secure enterprise file-sharing and content collaboration provider, announced a partnership with Votiro, a player in disarming and delivering safe content.
May 2023- the cloud-native security company Aqua Security has announced the addition of pipeline integrity scanning to protect software from supply chain attacks and guarantee the integrity of the CI/CD pipeline, Teams can understand how their build pipeline works as well as how the file system, network, and processes behave normally in known contexts. The solution also detects any departures from the baseline.
Frequently Asked Questions (FAQs)
What is driving the growth of the FIM market?
Ans. Key market drivers include stricter data protection regulations, increasing sensitive data and focus on cloud security
How are SMEs addressed in the FIM market?
Ans. SMEs are being targeted with tailored, cost-effective solutions and managed security services.
What are the major restraints in the FIM market?
Ans. Major restraints to the market include implementation complexity, high cost of ownership and integration challenges.
What opportunities exist for growth in the FIM market?
Ans. Opportunities include a focus on cloud-based solutions, MSS and focus on user-friendly interfaces.
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