Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Unified Threat Management Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Unified
Threat Management Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Unified Threat Management Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Unified
Threat Management Market is offered. In
accordance with the report, the global Unified Threat Management Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
The
term unified threat management, also known as UTM is parallel to security of
information. It is an one-and-only security solution that delivers that
provides security functions based on a single point in a network or platform.
Various functions including content filtering, leak prevention, intrusion
detection and prevention, anti-spyware, anti-spam, antivirus, and firewalling
were performed by unified threat management. Services like VPN Support, remote
routing and network address translation are provided by unified threat
management.
Market Drivers
The
penetration of Internet and its widespread deployment by users of different
levels coupled with the intrusion of Internet of Things (IoT) is providing the
initial impetus to the unified threat management market.
The
soaring incidences of cybercrimes and hacking is charging up the need for
cybersecurity which is further fueling this market. Further, the craze for
solutions of threat management to keep information confidential for different
organizations is fueling the growth of this market. To emit management
complexity of data, this product is applied by organizations of different sizes
especially by the small and medium business firms.
The
convenience associated with the utilization of unified threat management is
also driving its market to some extent. These products can be easily
implemented and the cost of deployment is minimum. Moreover, these products
provide improved levels of solution which is propelling the growth of this
market.
The
employment of unified threat management is advantageous. It complies with
regulations, is an integrated approach, simple and requires lower levels of
technical knowledge. Moreover, the integrated security features of unified
threat management make data processing faster and even more streamlined by
lowering resource requirement for the inspection process.
Market Restraints
The
security solutions provided by unified threat management is a single point of
failure system (SPOF). If it fails and stops, the entire system will stop its
operation. As a result of this all-associated management solution will stop
working and is prone to cyberattacks. This factor is hindering the growth of
this market.
The
integration of a variety of tools for security in a solitary networking device
has led to the fall in performance and productivity of the network which is
straining the growth of the unified threat management market.
The
deficiency of skilled workforce capable of handling this system is impeding the
growth of this market.
Finally,
the hardware processing bottleneck and the lack of ability to handle multiple
users at the same time is threatening the market prospects of unified threat
management market.
Opportunities
Recent
development in the unified threat management market like the innovation of
endpoint, integrated sandboxing, cloud-based security management and extension
of additional networking facilities are expected to provide lucrative
opportunity to widen the consumer base.
The
soaring dependence on internet for carrying out different activities that
benefit individual users and also the enterprises of different scale and all
sectors is expected to generate a thriving market for unified threat management
in the long run.
Trends
At
present North America dominates this market and is expected to continue its
domination in the forecast period. Such progress is attributable to the
prevailing digital age in the region and high level of awareness among the
users with regard to cyber security. The Asia pacific region is projected to be
the fastest growing region in the forecast period. The reason behind such
progress is the skyrocketing establishment of small scale and medium scale
enterprises and the craze for more advanced security solutions. Moreover,
various programs aimed at digitalization like Digital India, StartUp India and
Financial Inclusion are predominant in this region which is expected to
accelerate the growth of this market in the forecast period. Globally, the
unified threat management market is estimated to grow at a CAGR of 14.5% in the
forecast period.
Segment Covered:
This market
intelligence report on the global Unified Threat Management Market encompasses market segments based on component, service,
deployment, enterprise size, end use and country.
By
Component the global Unified Threat Management Market has been divided into:
q Virtual
q Software
q Hardware
By Service the global Unified Threat
Management Market has been divided into:
q Managed
UTM
q Support
and Maintenance
q Consulting
By Deployment the global Unified
Threat Management Market has been divided into:
q On-premise
q Cloud
By Enterprise
Size the global Unified Threat Management Market has been
divided into:
q Small and Medium Enterprises
q Large Enterprises
By End
Use the global Unified Threat Management Market has been divided into:
q Telecom
& IT
q Retail
q Manufacturing
q Healthcare
q Government
q BFSI
q Others
By country/region,
the global Unified Threat Management Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Watchguard
Technologies
q Sophos
Inc
q Fortinet,
Inc
q Cisco
Systems, Inc
q SonicWall
q Untangle
Inc
q Juniper
Networks, Inc
q Huawei Technologies Co., Ltd.
q Check Point Software Technologies Ltd
q Barracuda Networks, Inc
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Unified Threat Management Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Watchguard Technologies
In October 2017,
“Firebox T Series”, a brand-new integrated threat management system available
after upgrading the hardware was launched by Watchguard Technologies.
Sophos Inc
In January 2019,
Avid Secure was acquired by Sophos. The former being a company for advanced
cloud infrastructure security and the latter being a leading player in the
unified threat management market.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Unified
Threat Management Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Unified Threat Management Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Unified Threat Management caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Unified
Threat Management Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Unified Threat Management Market
v
Identification
of key factors driving investment opportunities in the Unified
Threat Management Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants