Global Unified Threat Management (UTM) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global unified threat management market in its upcoming report titled, “Global Unified Threat Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global unified threat management market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. 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 attack, ransomware attack, 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 to its baseline set of capabilities.
Increasing adoption of Internet of Things (IoT), coupled with increasing number of data breaches, network intrusion, and threat attacks across the globe is a major factor driving growth of the global unified threat management market. In addition, low deployment cost, and growing adoption of smart and connected devices increases demand for UTM. These factors are also expected to aid in growth of the global unified threat management market over the forecast period.
However, 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 growth of the global unified threat management market. Additionally, lack of skilled workforce, and limitations of UTM in hardware processing capabilities and in handling of multiple applications/users simultaneously are other factors anticipated to hamper 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 extension. This is another factor expected to propel growth of the global unified threat management market over the forecast period.
Currently, the market in North America accounted for dominant revenue share in the global unified threat management market. This dominance can be attributed to rising penetration of internet coupled with increasing security threats in countries in the region. The market in Asia Pacific is projected to register highest growth rate over the forecast period, owing to increasing adoption of digital transformation from small & medium sized companies in emerging economies such as China, India, etc.
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
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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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