Unified Threat Management Market Trends and Forecast, 2020-2028
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:
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.
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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.
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.
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.
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.
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:
By Service the global Unified Threat Management Market has been divided into:
q Managed UTM
q Support and Maintenance
By Deployment the global Unified Threat Management Market has been divided into:
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
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,...
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