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Unified threat management (UTM) is a type of security management approach that allows a single management console to monitor and manage security-related applications and infrastructure components. Unified threat management security involves load balancing, quality of service (QoS), control of identity-based access, and awareness of the application. Unified threat management minimizes the risks associated with phishing attacks, ransomware attacks, and other evolving cybersecurity threats. Unified threat management is a combination of security for email, web security, and security for the network. In its baseline set of capabilities, Unified threat management currently includes wired and wireless networking.
A growing Internet of Things (IoT) adoption together with a growing number of data violations and network intrusions drives demand for a unified management of threats. Unified threat management is an advanced approach where multiple functions are provided by one component. The global market will be backed up by adopting virtual private networks among end-users and advanced unified threat management solutions. In addition, unified threat management is set to grow due to low deployment costs and increased smart device adoption. For the above reasons, unified threat management will significantly increase the unified threat management market over the forecast period. The Unified Threat Management Market is projected to reach USD 11.17 billion by 2026, growing at CAGR by 13.41 per cent from 2019 to 2026.
Due to the increasing prevalence of cyber-attacks, the growing significance of cybersecurity is expected to drive the global unified software market's growth for threat management during the forecast period. In addition, the increasing demand for threat management solutions for information confidentiality in different organizations is contributing significantly to the increased market size. Due to numerous advantages, such as improved data security, lower implementation costs, and easy deployment, most businesses are actively incorporating such solutions. In addition, emerging technological advances in unified threat management solutions provide the worldwide unified threat management market with lucrative growth opportunities.
For IT companies these days, securing an enterprise network against threats has become a significant challenge. The problem has been growing exponentially in recent years, as network operators are forced to integrate additional components in order to overcome increasing security problems. Organizations of all sizes and primarily SMBs are adopting unified threat management solutions to mitigate this growing problem and, in turn, reduce the management complexity. These solutions are used to replace comprehensive point security solutions, thereby saving costs and consumption of energy. These solutions were initially used to cater to small organizations, but due to the increase in the number of features and applications in the unified threat management market in which unified threat management can be leveraged, the trend of adopting such appliances and services is increasingly skewed towards mid-sized organizations as well as enterprise-level organizations.
In addition, UTM solutions offer different advantages, such as meeting regulatory compliance, integrated approach, simplicity, and reduced requirements for technical training. UTM-integrated security features enable faster and more streamlined data processing by minimizing the resources required carrying out the inspection process. Further, this is expected to drive demand.
However, a combination of several security tools in a single network device also results in deterioration in the performance of the network, which is expected to hinder market growth. UTM is a single-point solution, which would mean that all threat management solutions linked to it would become vulnerable to cyber-attack if the resolution failed. This is also expected to hinder growth in the market.
North America accounted for the highest revenue share and will continue to lead the market in the future because of the region’s increasing cloud security infrastructure. It is also expected that high levels of awareness of the importance of cybersecurity in the digital age will propel market growth over the forecast period. From 2019 to 2025, Asia Pacific is projected to witness the maximum CAGR. It is expected that the increasing number of small and medium-sized businesses in the region will accelerate the demand for cost-effective UTM solutions. In addition, by adding new features to improve performance and meeting end-users' requirements, vendors are continually upgrading their solutions. These factors should also be expected to drive the regional market.
By End Use
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa
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Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
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