File Integrity Monitoring Market Size, Share & Trends Analysis growing at a CAGR of 14.6% from 2024 to 2030
The global file integrity monitoring market size was valued at USD 962.1 million in 2023 and is projected to grow at a CAGR of 14.6% from 2024 to 2030. The rising number of cyberattacks and data breaches in various organizations requires file integrity monitoring (FIM) software to identify unauthorized file modifications. The major factor contributing to the market growth is the escalating occurrence of cyber threats and data breaches. Organizations rely more on digital data and safeguarding sensitive information from unauthorized access, modifications, or deletions. Furthermore, FIM solutions provide a strong mechanism to identify and prevent various sectors from such incidents, protecting essential assets.
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The growing intricacy of IT environments, driven by cloud integration, virtualization, and the rise of Internet of Things (IoT) devices, has intensified the difficulties in maintaining data integrity. FIM tools provide a thorough method for supervising and controlling changes to files within various IT systems, guaranteeing the consistency and reliability of data. Moreover, integrating artificial intelligence (AI), machine learning (ML), and multi-factor authentication with file integrity monitoring technology has propelled the market.
The growing number of regulations, such as HIPAA (Health Insurance Portability and Accountability Act), GDPR (General Data Protection Regulation), and PCI DSS (Payment Card Industry Data Security Standard), is focusing more on data security and responsibility. FIM solutions are essential in helping organizations meet stringent requirements by providing data that is protected from unauthorized modifications and ensuring compliance with industry regulations. Furthermore, the strict regulations regarding data security in developing countries such as India, China, and Japan are further propelling the demand to adopt FIM solutions in organizations.
Component Insights
The software segment dominated the market with a revenue share of 69.1% in 2023. Software-based FIM solutions provide excellent scalability, flexibility, and seamless integration with other security tools, allowing customization to various organizational requirements. In addition, the lower cost of ownership of software solutions and simpler maintenance compared to hardware-based alternatives make them a more appealing option for businesses of all sizes. The software sector in the FIM market has experienced substantial growth and dominated the market due to factors such as the rising complexity of IT environments and the increasing demand for strong data protection.
The services segment is expected to grow at the fastest CAGR of 16.8% over the forecast period. Organizations face complex IT environments, increased security threats, and regulatory compliance mandates. As a result, they turn to service providers for guidance, implementation, and continuous management of FIM solutions. These services, including consulting, deployment, integration, and support, equip organizations with the expertise needed to safeguard their crucial data, mitigate risks, and meet industry standards for compliance. The growing complexity of FIM technologies and the need for ongoing updates and maintenance drive the demand for specialized services, leading to substantial growth in the sector.
