Global Unified Threat Management (UTM) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Unified Threat Management Market Overview:
“The global Unified Threat Management Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the global unified threat management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The report offers insightful and detailed information regarding the various key players operating in the global unified threat management market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global unified threat management market report has been segmented on the basis of type, deployment, end-user, and region.
Unified threat management (UTM) is a security management approach that permits monitoring and managing security-related applications, and infrastructure components through a single management console. UTM security includes load balancing, quality of service (QoS), identity-based access control, and application awareness.
UTM minimizes the risks posed by phishing attacks, ransomware attacks, and other evolving cyber security threats. UTM is a combination of email security, web security, and network security. Currently, UTM includes wired, and wireless networking in its baseline set of capabilities.
Increasing adoption of the Internet of Things (IoT), coupled with an increasing number of data breaches, network intrusion, and threat attacks across the globe is a major factor driving the growth of the global unified threat management market.
In addition, low deployment costs, and growing adoption of smart and connected devices increase demand for UTM. These factors are also expected to aid in the growth of the global unified threat management market over the forecast period.
However, the UTM security solution is a single point of failure (SPOF) – i.e. if it fails, it will stop the entire system from working – which is a key factor restraining the growth of the global unified threat management market.
Additionally, lack of skilled workforce and limitations of UTM in hardware processing capabilities and in the handling of multiple applications/users simultaneously are other factors anticipated to hamper the growth of the global unified threat management market over the forecast period.
A major and rising trend in the market is UTM solutions being able to provide integrated sandboxing, endpoint, and other security functions along with cloud-based management, and additional networking extensions. This is another factor expected to propel the growth of the global unified threat management market over the forecast period.
Currently, the market in North America accounted for the dominant revenue share in the global unified threat management market. This dominance can be attributed to the rising penetration of the internet coupled with increasing security threats in countries in the region. The market in the Asia Pacific is projected to register the highest growth rate over the forecast period, owing to the increasing adoption of digital transformation from small & medium-sized companies in emerging economies such as China, India, etc.
Global Unified Threat Management (UTM) Market Segmentation:
Global unified threat management market segmentation by type:
- Support services
Global unified threat management market segmentation by deployment:
Global unified threat management market segmentation by end-user:
- Banking, Financial services, and Insurance (BFSI)
Global unified threat management market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Check Point Software Technologies Ltd.
- WatchGuard Technologies, Inc.
- Juniper Networks, Inc.
- Cisco Systems, Inc.
- International Business Machines Corporation
- Huawei Technologies Co. Ltd.
- Fortinet, Inc.
- Hillstone Networks, Inc.
- Dell SonicWALL, Inc.
- Comodo Group, Inc.
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