March 31, 2020
Unified Threat Management

Unified Threat Management Market connects globally in the new report

Worldwide, the global unified threat management market was valued at US$ 4.50 billion in 2018 and is expected to grow over the forecast period with a CAGR of 15.5 percent.
Increasing Internet of Things (IoT) adoption along with growing data breaches and network intrusions drives demand for unified threat management. Unified threat management is an advanced approach in which multiple functions are provided by one component. The adoption of a virtual private network between end-users and advanced unified threat management solutions will support the global market. In addition, the unified threat management is set to grow due to low deployment costs and increased adoption of smart devices. During the forecast period, unified threat management will, for the aforementioned reasons, mark a significant growth for the unified threat management market.

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Unified Threat Management (UTM) provides comprehensive network protection from external as well as internal threats. Depending on various scenarios and configurations, these solutions are easy to deploy and install. Moreover, compared to a combination of stand-alone security tools, these solutions cost considerably less. This provides a single management console, thus taking up less space, saving cost and consumption of energy.

With a diverse mix of small and large vendors, the UTM market is becoming increasingly competitive. Despite the fact that most of the UTM appliances on the market perform multiple security functions, organizations are still unable to take advantage of all the benefits. Vendors must evaluate the products on the basis of the requirement of the organization. For example, features such as built-in secure wireless LAN support in large companies are not highly valued compared to those in small and medium-sized businesses. In addition, vendors need to focus on integrating other features on unified platforms such as email security, web application firewalls, or data loss prevention.

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Small and medium-sized enterprises will have a significant share in the forecast period of the small and medium-sized enterprises segment based on the type of organization. The growth of the segment is expected to boost over the forecast period in developing economies such as China, India. The increased advanced threats have targeted worldwide small and medium-sized enterprises. As a result, demand for more advanced firewalls and web security gateways has increased. Small and medium-sized enterprises are therefore opting for unified threat management. We therefore expect the segment of small and medium-sized enterprises to be the fastest growing segment in the forecast period.

North America is expected to dominate the unified market for threat management in 2018 based on geography. The demand for unified threat management is high due to the growth of cloud security infrastructure and a high awareness of the importance of cyber security in the region. During the forecast period, Asia Pacific will grow at a faster pace. The evolving trend in the region’s IT industry is the full deployment of cloud, mobile, and other emerging technologies. As a result, we expect the Asia Pacific region to grow significantly in the 2019-2027 forecast period.

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