File Integrity Monitoring Market size is expected to grow $986.1 Million by 2022

File Integrity Monitoring Market

According to a new market research report File Integrity Monitoring Market by Component (Software and Services), Installation Mode (Agent-based and Agentless), Deployment Mode (Cloud and On-premises), Organization Size (SMEs and Large Enterprises), Vertical, and Region – Global Forecast to 2022″, published by MarketsandMarkets™, the File Integrity Monitoring Market size is expected to grow from USD 515.3 Million in 2017 to USD 986.1 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 13.86%.

Many organizations rely on FIM solutions to secure their high value assets from intrusions, data breaches, viruses, and other cyber threats. An FIM solution can be agent-based or agentless. In the agent-based installation, the FIM software is installed on every host or device, which provides real-time monitoring of files. It uses the resources of host such as RAM and CPU processing. It minimizes the load on host and network by removing the repeated scanning data. The agent-based FIM provides increased security using comprehensive reporting and capability of detecting risks in real time. It captures data from all network-connected devices as well as remotely connected devices and provides a detailed assessment of files, operating system, hardware, processes, and connected devices. Such comprehensive features are encouraging organizations to deploy agent-based solutions.

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With the increasing proliferation of cloud-based and virtual appliance-based solutions, the deployment of FIM solutions on-cloud is preferred by most of the organizations. This helps in better monitoring and management of critical IT assets while ensuring robust security. Owing to this reason, many verticals, such as Banking, Financial Services, and Insurance (BFSI), government, healthcare and life sciences, education, media and entertainment, retail and ecommerce, manufacturing and automotive, and others (including utilities and logistics, and telecom and IT) are increasingly adopting FIM solutions. Furthermore, companies are opting for cloud-based FIM solutions, as they are cost-effective and offer better management.Cloud-based deployment is expected to be the fastest-growing deployment mode

The managed services segment of the FIM market is expected to play a key role in the growth of FIM services market. This segment is expected to grow at the highest rate during the forecast period. Growing incidents of sophisticated cyber-attacks are driving the demand for continuous upgradation of security systems. As a result, companies are rapidly outsourcing their security operations to specialized service providers, known as Managed Security Service Providers (MSSP).

Among various verticals, the government sector is expected to grow at the highest CAGR during the forecast period. Government organizations have high-security risks and witness many breaches. Major vendors in the global FIM market include SolarWinds (US), AlienVault (US), LogRhythm (US), Trustwave(US), ManageEngine (US), Trend Micro (Japan), New Net Technologies (US), Netwrix (US), McAfee (US), Tripwire (US), Cimcor (US), and Qualys (US).

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The FIM market in Asia Pacific (APAC) is expected to grow at the highest CAGR from 2017 to 2022. The increasing adoption of cutting-edge solutions to enhance productivity would drive the growth of FIM and compliance management needs. Furthermore, rapid economic growth in the developing APAC countries, along with the improving regulatory reforms and economic stability is driving the growth of the FIM market in this region. Small and Medium-sized as well as large enterprises in this region, belonging to a range of verticals, such as BFSI, government, healthcare and life sciences, education, media and entertainment, retail and ecommerce, manufacturing, and automotive, are expected to increase their investments in FIM solutions.

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