Unified Threat Management Market Segmented By UTM Security Devices, Software, Virtual Component in Consulting, Support & Maintenance, Managed UTM Service
Industry: Semiconductor Electronics
Format: PPT*, PDF, EXCEL
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Report Type: Ongoing
Report ID: PMRREP32806
The Unified threat management market was valued US$ 6.5 Bn in 2020, and would grow by more than 12.1% CAGR. Unified threat management is a kind of security solution which offers features to organizations such as gateway antivirus, VPN, network firewalling, gateway anti-spam, load balancing, content filtering, data leak prevention, and on-appliance reporting.
In recent years, the demand for UTM solutions has been increased due to its extensive benefits such as ease of configuration & deployment and low cost.
According to latest research by Persistence Market Research, Unified threat management market is set to witness significant growth during 2021-2031.
The market will show significant growth in coming years, owing to factors such as low cost of unified threat management solutions or services, increasing concern about data and identity theft, and increased data breach instances. Moreover, debasement in performance of a solitary network using different combination of security tools to network device is expected to restrains the demand for UTM market.
The concern about data and identity theft and data breach instances has been increased in recent decade due to increasing dependency on web applications. Thus demand for UTM solutions to secure web applications has increased and this fuels the demand for the unified threat management market.
Also demand for of advanced security methods such as unified threat management solutions or services has been increased in corporate sectors as well as IT sector for curbing cybercrimes over the years.
Therefore factors such as increasing need for securing organization network from data theft and data breach, increasing need to integrate additional components by network operators due to security issues is augmenting the demand for the unified threat management market.
In recent years, the dependency on web applications has increased ultimately awareness about UTM solutions and virtual private network has increased. Unified threat management solutions can integrate with technology standards and standard network configuration methodologies.
UTM Solutions offers benefits to end-users such as ease of deployment, troubleshooting ease, adds simplicity better performance and reduces complexity. But due to advance applications and features in the unified threat management solutions the demand for the UTM solutions has been increased in medium scale and large scale enterprises/organization in recent years.
These solutions are easy to deploy and having low cost thus majorly small enterprise used such solutions. The UTM Solutions are nothing but advancement in traditional firewall and able to perform many security functions such as gateway anti-spam, data leak prevention, network firewalling, network gateway antivirus and intrusion prevention, on-appliance reporting, load balancing, and content filtering. Such factors fuels the demand of unified threat management market.
North America is anticipated to constitute a highest growth in the unified threat management market over the forecasted period. The North America shows significant growth in unified threat management market owing to increasing use of cloud security infrastructure in US and Canada.
The high awareness about virtual private network, UTM solutions or need for cyber security to from cyberattacks, and increasing importance of cybersecurity in the digital age. Thus high awareness and need for cyber security among SMEs and end users in the North America region.
North America has massive presence of unified threat management providers such as Barracuda Networks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd, and Juniper Networks, Inc. Presence of such key vendors in the North America region propels the demand for the unified threat management market.
Europe is the second largest contributor to unified threat management market and would grow at higher CAGR, owing to technology advancement and major IT industry. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region.
The developed economies such as Germany, France, and U.K. has advance IT infrastructure. Also adoption of advance technologies such as digitization, Internet of Things (IoT), and 5G has been increased owing to presence of advance infrastructure for new technologies. Thus the need for cyber has increased in major industries over the years. This rising adoption of unified threat management solutions and growth in telecom/IT sector fuels the growth of the unified threat management market.
The stringent government regulations about IT industry and cyber threats or security in major economies such as France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the unified threat management market in Europe region.
Some of the leading vendors and companies of unified threat management solutions including
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for unified threat management market.
Furthermore, many companies are focusing on strategic partnership with other tech player to enhance their product offering.
For instance, In February 2020, ANRA TECHNOLOGIES announced partnership with everis ADS (everis group). This partnership helps company to provide a comprehensive deployment of UTM which interfaces with existing infrastructure for entire nation-states or specific geographic regions.
By Component
By Service
By Enterprise Size
By End User
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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