File Integrity Monitoring Market Analysis And Forecast To 2032: By Installation (Agent-based, Agentless), By Deployment Mode (On-Premises, Cloud), Organization Size (Small & Medium-sized Enterprises, Large Enterprises), By End-user (BFSI, Government, Education, Retail, Healthcare, IT & Telecom, Others) And By Region
The global File Integrity Monitoring Market was valued at 1.2 billion in 2022 and it is anticipated to grow up to USD 4.1 billion by 2032, at a CAGR of 13.0% during the forecast period.
File integrity monitoring is a process that helps ensure the data in a computer system is complete, accurate, and consistent. This process can be used to detect changes to files that may indicate tampering, corruption, or other problems. File integrity monitoring can be used to detect unauthorized changes to files, such as those that may be made by malware. It can also be used to detect changes that may have been made accidentally or without proper authorization.
Global File Integrity Monitoring Market Scope and Report Structure
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Market Trends and Drivers
Rising Frequency Of Cyber-Attacks And Data Breaches
A data breach occurs when information is stolen or withdrawn from a system without the owner’s knowledge or authorization. Large companies and organizations are typically the targets of data breaches. The stolen information may include consumer data, credit card details, corporate secrets, and information related to national security. Despite increased protection, government and healthcare organizations are the primary targets of cyberattacks because of the valuable personal data they collect, which may be sold.
Market Restraints and Challenges
An Increasing Number Of Complexities As Well As Security Risks In The Cloud-Based FIM Systems
One of the major factors that are hampering the growth of the file integrity monitoring market is the complexities involved with the usage of the cloud. Due to the digitization of paper documents as well as the long-term storage of information in order to comply with legal requirements, the amount of data that must be stored has expanded substantially. The expansion in data storage has become a major challenge for organizations, governments, small businesses, and people. Users may invest in external hard drives or new gadgets, but an increasing trend is to make use of cloud storage’s benefits.
Global File Integrity Monitoring Market Segmental Overview
The report analyses the global File Integrity Monitoring Market based on Deployment, Services, Solution, End-user, and Region.
Global File Integrity Monitoring Market by Deployment
Based on the deployment, the File Integrity Monitoring market is divided into On-Premise, and Cloud. Of these, the cloud segment registered significant revenue in 2022. It offers numerous advantages to users, including simple installation and no upkeep. It eliminates the need to manage distinct agents for various security solutions, such as detecting policy as well as compliance-related changes across vast IT environments and for compliance with stringent requirements.
Global File Integrity Monitoring Market by Installation
By installation, the industry is bifurcated into Cloud, and On-premise. In 2022, the agent-less segment acquired the largest revenue share of the file integrity monitoring market. The growth of segment is expanding at a very rapid pace because of its cost-effectiveness and lower user switching costs. The proxy agent is an agent installed on a management server or device that performs agentless monitoring.
Global File Integrity Monitoring Market by Organization Size
By Organization Size, the File Integrity Monitoring Market is categorized into SMEs and Large Enterprises. In 2022, the large enterprise segment witnessed the highest revenue share of the file integrity monitoring market. Government restrictions that are favorable to major businesses compel them to safeguard their data. The majority of countries have begun putting new laws on all organizations’ electronic communications as well as stored data.
Global File Integrity Monitoring Market by End-user
Based on end-user, the File Integrity Monitoring market is divided into BFSI, Government, Healthcare, Education, IT & Telecom, and Others. In 2022, the government segment registered a substantial revenue share of the file integrity monitoring market. Hacktivists and cybercriminals constantly pose a threat to government infrastructure and networks around the world. As the world is becoming more digital and connected, a significant amount of government data is being shifted onto the internet.
Geographical Analysis of Global File Integrity Monitoring Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, North America accounted for the largest revenue share of the file integrity monitoring market. The growing use of the Internet, the development of software and IT infrastructure in businesses, and the escalation of cyber-attacks are driving the regional market. Moreover, countries throughout the region are early adopters of new technologies, which is offering a number of new growth prospects to regional market players.
Major Players in the Global File Integrity Monitoring Market
Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the global File Integrity Monitoring market include SolarWinds, AlienVault, LogRhythm, Trustwave, ManageEngine, Trend Micro, New Net Technologies, Netwrix, McAfee, and Tripwire., among others.
COVID-19 Impact
The pandemic that was caused by COVID-19 has had a favorable impact on the file integrity monitoring market. This is because the significant number of cyber threats has increased in a variety of countries all over the world during the pandemic. The practice of file integrity monitoring has been adopted by nations all around the world in order to examine and safeguard their data. Moreover, various governments as well as national authorities provided critical infrastructure providers with guidance on how to protect themselves from cyber threats and cyberattacks. This was due to the fact that the majority of businesses were working remotely during the COVID-19 pandemic. Thus, all these factors played a major role in boosting the growth of the file integrity market during the COVID-19 pandemic.
Recent Developments
Oct-2022: Trend Micro came into a partnership with Beyon Cyber, a vendor of advanced private sector cyber defense services. This partnership aimed to strengthen the cybersecurity framework of Bahrain through its leading security practices as well as standards for improving threat intelligence capabilities.
Sep-2022: McAfee partnered with Telefónica Tech, the leading company in digital transformation. With this partnership, the companies aimed to integrate Telefónica’s McAfee Multi Access into McAfee’s offerings in order to offer more comprehensive device security-based protection to its customers.
Jul-2022: McAfee expanded its partnership with Visa, a world leader in digital payments. Under this partnership, the companies aimed to provide Online Protection Software to UK Visa Business Cardholders.
Jul-2022: McAfee came into a partnership with Telstra, a leader in technology and telecommunications. This partnership aimed to offer easy access to the leading security solutions of McAfee to existing as well as new Telstra customers. It would allow the company to offer holistic privacy and security protection via its integrated range of services.
May-2022: LogRhythm entered into a partnership with REAL security, a private company. Through this partnership, the companies aimed to offer necessary security tools to businesses intending to allow them robust protection against emerging cyber threats.
Mar-2022: Trend Micro entered into a partnership with Sherweb, a leader in cloud computing. Following this partnership, the companies aimed to provide more cybersecurity alternatives to their managed service providers.
Jan-2022: LogRhythm partnered with Softprom, a leading Value-Added IT distributor in CIS and Eastern Europe. With this partnership, the companies aimed to enable 26 regional countries to leverage the benefits of enhanced threat detection as well as prevention tools via the advanced Security Information and Event Management Platform of LogRhythm.
Sep-2021: Tripwire entered into a partnership with Nozomi, a leading OT, ICS & IoT security company. Under this partnership, the companies aimed to aid businesses in reducing cyber risk through constant security controls spanning OT, IT, and IoT environments.
Jul-2021: Trend Micro collaborated with Microsoft, an American multinational technology company. Following this collaboration, the companies aimed to focus on the joint development of cloud-based cybersecurity solutions and integrate them into Microsoft Azure to provide combined selling prospects.
Frequently Asked Questions
Q1. How big is the File Integrity Monitoring market?
Ans. The global File Integrity Monitoring Market was valued at 1.2 billion in 2022 and it is anticipated to grow up to USD 4.1 billion by 2032, at a CAGR of 13.0% during the forecast period.
Q2. What is the File Integrity Monitoring Market growth rate?
Ans. The growth rate of the File Integrity Monitoring Market is 13.0%
Q3. Which region holds a major market share for the market?
Ans. North America holds a major market share of the File Integrity Monitoring Market in 2021.
Q4. Which segment accounted for the largest File Integrity Monitoring Market share?
Ans. By end-user, the BFSI segment accounted for the largest File Integrity Monitoring Market share.
Q5. Who are the key players in the File Integrity Monitoring market?
Ans. The global File Integrity Monitoring Market report includes players such SolarWinds, AlienVault, LogRhythm, Trustwave, ManageEngine, Trend Micro, New Net Technologies, Netwrix, McAfee, and Tripwire., among others.
Q6. What are the factors driving the File Integrity Monitoring Market growth?
Ans. The major factors driving the growth of the market are an increase in the number of connected devices.
Q7. What are the key growth strategies of File Integrity Monitoring Market players?
Ans. The key growth strategies of File Integrity Monitoring Market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the File Integrity Monitoring Market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the File Integrity Monitoring Market during the forecast period.
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