Unified Threat Management Market: Current Analysis and Forecast (2022-2028)

Global Unified Threat Management Market is expected to grow at a significant rate of around 13% during the forecast period. Unified Threat Management (UTM), is a Next Generation Firewall (NGFW), and a single security solution that provides multiple security capabilities from a single point on the platform or network. UTM applications include features such as network firewall, antivirus, antispam, antispyware, intrusion prevention and detection, leak prevention, and content filtering. Some units also provide services such as network address translation, remote routing and virtual private network support.

The unified threat management market is growing on account of increasing instances of data breaches across industries. For instance, according to comparitech,45% of the U.S. companies have experienced data breaches. Furthermore, UTM solutions offer various benefits such as meeting regular compliance requirements and a reduction in technical training requirements. Moreover, the growing investments in the cybersecurity industry is also expected to influence the market significantly. For instance, according to embroker, global cumulative spending on cyber security products exceeded $1 trillion over the five years 2017-2021 worldwide.

Barracuda Networks Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Comodo Security Solutions Inc, SonicWall, Fortinet inc, Hillstone Networks, IBM Corporation, Intel Corporation, and Sophos Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst appliance, hardware category to witness significant market share in 2020"

Based on the appliance, the market is categorized into hardware, software, and virtual. The hardware segment is expected to with a significant market share during the forecast period. The growth is mainly attributed to the growing adoption of UTM devices in different organizations. Furthermore, the growing technological advancements in the UTM hardware and growing investment is expected to drive the market during the forecast period.

"Amongst Service, the support and maintenance segment is expected to hold a significant CAGR during the forecast period"

On the basis of service, the market is segmented into consulting, support and maintenance, and managed UTM. The support & maintenance segment is expected to grow with a significant CAGR during the forecast period. This is mainly due to the growing demand for experienced well-trained technicians and elevating need for third-party support and maintenance. Furthermore, the growing demand for consulting services for the protection of significant is also expected to propel the market during the forecast period.

"North America to hold a significant share in the market"

North American region is expected to lead the integrated threat management market during the forecast timeline. The increase in adoption in this region is primarily due to the expansion of cloud security in the region. In addition, the presence of major companies in the region investing heavily in research and development of integrated threat management services. In addition, increasing SMEs in the North American region are expected to drive the market in this region.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

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Deep dive regional level analysis of the industry.

Customization Options:

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