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The file integrity monitoring market size is forecast to increase by USD 325 million, at a CAGR of 14.76% between 2024 and 2028. There is a notable rise in global data theft incidents, prompting regulatory bodies to enforce stringent requirements for security solutions. This regulatory environment is fostering increased adoption of Software as a Service (SaaS) solutions across industries. Organizations are turning to SaaS for its scalability, cost-effectiveness, and robust security features, which help mitigate risks associated with data breaches. The growing implementation of SaaS reflects a shift towards cloud-based solutions that offer enhanced data protection measures and compliance with regulatory standards. This trend not only addresses immediate security concerns but also supports organizational agility and innovation by leveraging advanced technologies accessible through SaaS platforms. As businesses navigate complex cybersecurity landscapes, SaaS emerges as a pivotal tool in safeguarding sensitive information and ensuring regulatory compliance amidst escalating data threats globally.
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In today's cybersecurity landscape, protecting sensitive data is paramount, driven by stringent compliances and the widespread adoption of cloud-based deployment models. Organizations face complex regulations that mandate secure handling of information, influencing decisions on deployment modes like agent-based installation or agentless installation in cloud environments. Ensuring robust IT security processes involves implementing strong authentication mechanisms and monitoring application software and operating systems files for vulnerabilities. The IT infrastructure must support internal processes and validation methods such as cryptographic checksums and calculated checksums to maintain data integrity. Industries like e-commerce and the financial sector are particularly targeted by hacktivists and cybercriminals, necessitating solutions like real-time change detection engines to detect and respond to threats promptly. Emerging technologies such as Bring Your Device and the Internet of Things add complexity but also offer new avenues for innovation in securing digital assets and maintaining compliance with Payment Card Industry Digital Security standards.
Key File Integrity Monitoring Market Driver
An increase in data thefts globally is notably driving the file integrity monitoring (FIM) market growth. Cyber crimes by hackers and cybercriminals are growing at an alarming rate. The number of data breaches and files stolen by hackers is rising globally. Significantly, file integrity monitoring services support enterprises in verifying users as well as in managing their access to enterprise resources.
Moreover, they also help enterprises in enabling applications to be accessed securely by providing the necessary user information for opening files and accessing data. Hence, file integrity monitoring services help enterprises review the critical areas of concern by offering tools to defend against these attacks. Therefore, these factors are expected to propel the growth of the market in focus during the forecast period.
Significant File Integrity Monitoring Market Trend
The advent of cloud-based antivirus software is the primary trend driving the file integrity monitoring (FIM) market's growth. Cloud-based antivirus software services are adopted for purposes such as authentication, video management systems, and storing biometric information. As banks and hospitals store large volumes of confidential data in the cloud, it is important to secure the data from unauthorized access. The adoption of cloud-based services is increasing among SMEs as these do not require an infrastructure to support their implementation and are cost-effective.
Moreover, the flexibility and scalability of cloud-based security solutions can accommodate the varying needs of consumers, which is a reason for their increased adoption. With increased employee mobility, numerous organizations have implemented cloud-based services for business functions, such as customer relationship management (CRM), payroll, and enterprise communication, to ensure remote access to data. The need to protect the information stored in the cloud is increasing, which is leading to a greater demand for security solutions and is expected to lead to further growth of the global file integrity monitoring market during the forecast period.
Major File Integrity Monitoring Market Challenge
The high cost of maintenance is the major challenge impeding the file integrity monitoring (FIM) market's growth. File integration monitoring solutions have encryption and intrusion detection capabilities that help enterprises in real-time data monitoring and preventing data theft. However, the cost of implementation of file integration monitoring solutions such as network security firewalls is high, which affects their adoption.
However, the cost of security tools is also high. Security tools such as firewalls and detection sensors can cost USD 1 million, and the cost of monitoring platforms to manage such security equipment is tenfold. These costs are expected to hinder the growth of the global file integration monitoring market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AT and T Inc.: The Company offers file integrity monitoring, which provides an important layer of protection for sensitive files, data, applications, and devices by routinely scanning, monitoring, and verifying the integrity of those assets.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The BFSI segment is estimated to witness significant growth during the forecast period. The BFSI industry has been the constant target of web-based attacks in recent years. Hackers attempt to crash computer systems and steal clients' information and credentials with the intention of harming them, which enables the banks and securities to verify and examine operating system (OS), database, and application software files to detect whether or not they have been tampered with or corrupted documents. Alliances among vendors are expected to fuel the growth of the global file integrity monitoring market during the forecast period.
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The BFSI segment accounted for USD 97.50 million in 2018 and showed a gradual increase during the forecast period. In 2023, the BFSI industry segment was the largest end-user segment in the global file integrity monitoring market. BFSI is a customer-centric industry and has been undergoing digitalization over the past decade. Digitalization is redefining the BFSI industry and changing the way businesses function. Technological advancements and the increasing number of tech-savvy customers have pushed banks and other securities to offer seamless customer experiences. Therefore, to meet these new-age digital expectations, the BFSI industry has transformed its operational landscape to embrace information technology (IT). Such technological evolution in the BFSI industry has increased the volume of critical information that is exchanged over virtual networks, which significantly increased the risks of cyberattacks and fraudulence that damage the profitability and credibility of banks and securities and is expected to promote the need for file integrity monitoring services in BFSI industry during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America has always been an early adopter of advanced technologies in the telecommunication, manufacturing, retail, and BFSI industries, which, in turn, enhances the demand for file integrity monitoring services across the region, fostering further the growth of the file integrity monitoring market in North America during the forecast period. In addition, the availability of adequate IT and business infrastructure, IT security compliance and governance regulations, and the high adoption of cloud-based IT security solutions and services are some major factors driving the adoption of cloud security solutions in North America and are expected to propel the growth of the file integrity monitoring market in North America during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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In today's digital landscape, capital investment in cybersecurity remains pivotal across sectors like Small and Medium-sized Enterprises (SMEs), healthcare and life sciences, banking, financial services, and insurance. Organizations face a myriad of cyber threats ranging from cybersecurity attacks to cyber espionage, necessitating robust IT security investments. However, budgetary constraints often challenge the implementation of comprehensive IT security processes. Moreover, to mitigate these risks, enterprises adopt cutting-edge FIM solutions featuring real-time change detection engines and cloud-based security solutions. These tools offer agent-based installation modes or agentless installation modes, accommodating diverse hardware and storage infrastructures. Compliance with the Federal Information Security Act (FISMA) and Payment Card Data Security Standards (PCI DSS) is ensured through validation methods such as cryptographic checksums and calculated checksums.
Furthermore, navigating regulatory reforms, organizations employ organic or inorganic methods to enhance cybersecurity processes, crucial for critical infrastructure providers and mobile internet users, particularly young people who are increasingly vulnerable. In essence, strategic cloud deployment modes and skilled technical staff bolster defenses against security breaches, safeguarding sensitive data and ensuring operational continuity. In the realm of cybersecurity, large enterprises and insurances deploy cutting-edge FIM solutions with real-time change detection engines for proactive defense against cyber security attacks and cyber espionages. Organizations choose between agent-based installation mode or agentless installation mode based on their internal process and IT security process requirements. Cloud-based security solutions offer scalable protection, utilizing cryptographic checksums and calculated checksums as validation methods to ensure data integrity. Amid evolving threats, adopting organic methods for cybersecurity strategy and leveraging cloud deployment mode remain crucial for robust defense in today's digital landscape.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.76% |
Market growth 2024-2028 |
USD 325 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
12.56 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 37% |
Key countries |
US, China, India, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AT and T Inc., BeyondTrust Corp., Cimcor Inc, CISO Platform, Excel Controlinkage Pvt. Ltd, HelpSystems LLC, Ionx Solutions LLP, LogRhythm Inc., Microsoft Corp., Nagios Enterprises LLC., Netwrix Corp., New Net Technologies LLC., Paessler AG, Qualys Inc., SolarWinds Corp., Splunk Inc., Tanium Inc., Trend Micro Inc., Trustwave Holdings Inc., and Zoho Corp. Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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