Unified Threat Management Market - By Component, By Deployment, By Service, By Enterprises, By End-Use & Global Region - Market Size, Trends, Share & Forecast 2023-2032
Brief Overview
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.
Market Insights
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.
Geographical Analysis
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.
Segmentation
By Component
- Hardware
- Software
- Virtual
By Deployment
- Cloud
- On-Premise
By Service
- Consulting
- Support & Maintenance
- Managed UTM
By Enterprise
- Large Enterprise
- Small & Medium Enterprise
By End Use
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Manufacturing
- Utilities
- Transport
- Others
By Geography:
- 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
Competitive Landscape
The report profiles various major market players such as
- Cisco
- Comodo
- Dell SonicWALL
- Fortinet
- Hillstone
- Huawei
- IBM Corporation
- Intel
- Juniper Networks
- McAfee
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.
Timeline Considered for Analysis:
- 2022: Base Year
- 2023: Estimated Year
- 2023 to 2032: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global unified threat management market by the following segments:
- Component
- Deployment
- Service
- Enterprises
- End-Use
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Unified Threat Management Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 20th September 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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