At CAGR of 14.7%, Unified Threat Management industry expected to cross USD 10998.0 Million by 2027 says Brandessence Market Research

Brandessence Market Research has published a new report title and According to Study "Global Unified Threat Management Market is expected to grow with a CAGR of 14.7% over the forecast period"

Complete Analysis of Unified Threat Management Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing technological developments along with rising cyber threat & data breaches are anticipated to drive the growth of Global Unified Threat Management Market.

News: Mobile Security with Native Mobile Threat Defense has been Announced by 42Gears.

February 24th, 2021; 42Gears has announced its SureMDM, mobile device management offering will improve the mobile threat defense. It provides three level security i.e. device, network and application. This is used by businesses globally to manage & monitor devices on various platforms is capable to monitor connections, content in real-time, identifying anomalies, and blocking malicious activities proactively. The SureMDM features help in BYOD management, threat detection & mitigation, risk analysis and policy compliance.

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Scope of Unified Threat Management Market Report:

Unified threat management (UTM) helps in protecting users from security threats providing multiple security services & features in a single service or device on a network. UTM includes the function such as anti-spam, anti-virus, web filtering and content filtering. IT teams constantly face the security issue challenging the protection of company’s productivity & digital assent from advanced and sophisticated evolving threats which need to be aggressed in limited resources and budget. The use of different devices for a specific purpose such as spam filtering, antivirus protection, etc. makes task complex in managing multiple box & operating system which also end up in increased cost but UTM is a single system which addresses all mentioned problem and more. It secures network from viruses, malware, or malicious attachments in incoming data, attacks before entering network, access to unwanted website and helps administrator in managing various security functions in a single console. It has automatic security updating capability such as antivirus definition and other new feature with minimal intervention. UTM and next generation firewalls are similar but UTM has more features or enhanced security which firewalls don’t offer to its user. UTM device were developed to fill gaps left in tradition firewalls as it offers multiple layers of network security, including next-generation firewalls, intrusion detection/prevention systems, antivirus, spam filtering, virtual private networks (VPN) and URL filtering for web content.

During Covid-19 pandemic, the government imposed movement restrictions globally to curb the spread of covid-19. The lockdown led to significant rise in working remotely which resulted in demand for security device, the increased cyber attack and threat during the same period many organizations such as pharmaceutical company led to increased the adoption of unified threat management devices & with growing digitalization the market is anticipated to see further growth.

Key Players for Global Unified Threat Management Market Report:

Some of the key players for Global Unified Threat Management Market are Barracuda Networks, Cisco Systems, Check Point Software Technologies, Fortinet, Huawei Technologies, Untangle, Juniper Networks, Sophos, Cyberoam, WatchGuard Technologies, Dell-SonicWall, HP, IBM and others.

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Global unified threat management market report is segmented on the basis of component, service, distribution channel, organization size, deployment, end-user and region & country level. Based upon component, global unified threat management market is classified into hardware, software and virtual. Based upon service, the market is divided into consulting, support & maintenance and managed UTM. Based upon distribution channel, global unified threat management market is divided into direct, value added resellers and distributors. Based upon organization size, the market is divided into small home office, small-medium enterprise and large enterprises. Based upon deployment, global unified threat management market is divided into on-premise and cloud based. Based upon end-user, the market is divided into BFSI, government, healthcare, manufacturing, retail, telecom & IT and others.

By Component:

• Hardware
• Software
• Virtual

By Service:

• Consulting
• Support & Maintenance
• Managed UTM

By Distribution Channel:

• Direct
• Value Added Resellers (VARs)
• Distributors

By Organization Size:

• Small Home Office
• Small-Medium Enterprise
• Large Enterprises

By Deployment:

• Cloud
• On-premise

By End-User:

• BFSI
• Government
• Healthcare
• Manufacturing
• Retail
• Telecom & IT
• Others

The regions covered in global unified threat management market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global unified threat management is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Increasing Technological Developments along with Rising Cases of Data Breaches are Some of the Major Factors Driving the Market Growth

The major factor driving the growth of global unified threat management market is the increasing number of cases of data breaches. The increased deployment of technology around the globe has led to increase demand of security to protect asset, information, etc, as it is considered as next generation battle field. According to CNBC, Twitter breach targeted 130 accounts, including past presidents and Elon Musk, resulted in fraud of $121,000 in Bitcoin by 300 transactions and according to Data Breach QuickView Report, 2,953 publicly breaches were reported in first three quarters of 2020. In addition, the increasing technological developments and growing digitalization will boost the growth of UTM market.

Furthermore, the deployment of UTM will help user in saving cost, space and energy consumption with increased focus on core business. However, the lack of infrastructure and technical knowledge among individuals may hinder the market growth. In spite of that, increasing adoption of unified threat management solutions may create more opportunities for the further growth of the market.

North America is Expected to Dominate the Global Unified Threat Management Market

The global unified threat management market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global unified threat management market within the forecast period attributed to the technological advanced countries like USA & Canada. The growing technological development and digitalization have increased the effort for cyber security in the region from video streaming app to defense systems. According to BDO an accounting firm, only 30% of U.S. employees worked 100% remotely before pandemic which reached to 70% of employee work 100% remotely rises the concern of safety & need of secured organization data. In addition, highest internet penetration will also supplement the market growth in this region.

Asia Pacific is anticipated to grow at a faster pace due to its increasing technological developments & presence of large chunk of young population in this region. In addition, the growing digitalization in businesses to target larger market share & customized service experience have led to increase the demand for increased data security. According to CBRE, the India has huge potential for becoming a data center hub in Asia Pacific region & in world due to its fast growing economy. Furthermore, increased cyber attack for getting data related to vaccine manufacturing is also fostering the demand of UTM in this region.

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