North America Unified Threat Management Market Size to Account Significant Share By 2025

North America has accounted for the largest market share in the unified threat management market due to the early realization of cybersecurity threats such as data breaches. In 2018, Facebook faced the biggest data breach with 50 million user accounts getting accessed by attackers, which raised questions on enterprise-level cybersecurity measures. Also, large-scale financial institutes such as banks are attracting more and more vendors to the North America region. Due to the increasing number of online financial transactions being performed in the region, especially in the U.S., the demand for more robust network security solutions in increasing consistently. The network security companies based in the U.S. are investing more on customized UTM, making it difficult for outside vendors to enter the market.

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Asia Pacific has shown the highest growth rate as developing countries including India and China are focusing more on digital transformation. India is contributing more to this growth as the initiatives by the Indian government, such as Digital India, Financial Inclusion, and Startup India, are contributing to the growing demand for more IT network infrastructure for government institutions. With increasing connected devices, China is focusing more on secured and trustworthy networks, encouraging local & foreign security vendors to grow rapidly.

The unified threat management market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million barrels per year and revenue in USD million from 2014 to 2025, for the following segments:
Unified Threat Management Market, By Component, 2014-2025 (USD Million)

• By Appliance
• Hardware
• Software
• Virtual
• By Service
• Professional Service
• Managed Service
Unified Threat Management Market, By Distribution Channel, 2014-2025 (USD Million)
• Direct Sales
• Value-added Resellers (VARS)
• Distributors
Unified Threat Management Market, By Organization Size, 2014-2025 (USD Million)
• Enterprise
• SMEs
• Small Office/Home Office (SOHO)
Unified Threat Management Market, By End Use, 2014-2025 (USD Million)
• BFSI
• IT & Telecom
• Healthcare
• Retail
• Manufacturing
• Utilities
• Transport
• Others
The above information has been provided for the following regions and countries:
• North America
• Europe
• APAC
• Latin America
• MEA

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UTM service providers are emphasizing on integrating more customized solutions for virtual & cloud-based environments, where security parameters can be altered at the time of a new threat. With the increasing need for continuously developing network security & growing information technology industry, the companies need to develop more agile network security management systems. For instance, in August 2016, Sophos entered into the China network security market targeting the financial, manufacturing, and government sectors to provide a more responsive anti-virus solution to fight against the increasing internet threats. Some of the major players operating in the unified threat management market are WatchGuard, Sophos, Fortinet, Dell SonicWALL, Cisco, Barracuda Networks, McAfee, Trend Micro, Juniper Networks, Huawei, IBM Corporation, Check Point, Avast, Hillstone, Intel, Comodo, Venustech, Stormshield, Untangle, Rohde & Schwarz, Aker, Zyxel, and Trustwave

UTM is a single system that can manage different security functions from one place so that, the cost for the overall network security infrastructure is relatively low as compared to the traditional network security systems. UTM results in reduced hardware as compared to traditional security systems, reducing the overall installation cost and time. The maintenance & operating costs of UTM are less, helping enterprises maintain the network security cost low. Many SMEs need robust security solutions at lower cost.

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