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(Wireless-NewsWire.Com, June 08, 2018 ) Research Cosmos expects the global file integrity monitoring (FIM) market size 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%. The constant pressure of managing sensitive data of consumers, along with the need to manage stringent compliances, has led enterprises of all sizes to adopt FIM solutions for critical information protection. Moreover, cloud-based deployment is gaining high traction in the market, as it requires less capital investment, and helps decrease the operational and maintenance costs, and reduce the management’s efforts. Cloud FIM solutions are available according to customer’s demand, wherein a customer can start or stop any service, at will. FIM solutions help organizations protect their sensitive data, applications, and comply with stringent regulations.
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FIM solutions are available with agent-based and agentless installation modes. The agentless installation mode is expected to dominate the FIM market and is estimated to contribute a larger market share in 2017. The agent-based installation mode is expected to play a key role in changing the FIM market landscape and grow at the highest CAGR during the forecast period, as global organizations are highly proactive toward protecting the sensitive information.
The cloud deployment mode is a faster-growing mode in the file integrity monitoring market, as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities. Small and Medium-sized Enterprises (SMEs) continue to opt for the cloud deployment, as it can help them to avoid costs pertaining to hardware, software, storage, and technical staff.
North America is estimated to hold the largest market size in 2017. Increasing penetration of internet and incidents of attacks on enterprise IT infrastructure driving the needs for FIM solutions. Furthermore, rapid economic growth in the developing countries, along with improving regulatory reforms and economic stability is driving the FIM market growth in APAC. In Latin America, SMEs as well as large enterprises belonging to a range of verticals, such as Banking, Financial Services, and Insurance (BFSI), government, and healthcare and life sciences, are expected to increase their investments in FIM solutions and services.
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High development cost for cutting-edge FIM solution is becoming a major restraint for the growth of the market. The Research and Development (R&D) expenses to develop advanced FIM solutions are very high, which lead to high pricing of the security solutions. As the frequency of security breaches has increased over the past 5 years, organizations have increased their IT security investments to protect against advanced threats. However, for many enterprises, including SMEs, these investment costs are a matter of concern. Furthermore, for strong and advanced security, the cost of innovation is still high, and many organizations view budgetary constraints as a barrier to growth in the FIM market.
The need for securing the growing volumes of data in organizations is expected to provide significant growth opportunities to the FIM solution vendors. There are several established players in this market, such as 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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