Unified Threat Management Market Forecast Revenue Growth Predicted by 2020-2027

Posted 2 years ago in NEWS.

Global Unified Threat Management Market, By Component (Hardware, Software), Deployment (On-Premise, On Cloud), Organization Size (SMEs, Large Enterprise), Vertical (BFSI, Government, Utilities, Retail) - Forecast Till 2027

Unified Threat Management Market Forecast Revenue Growth Predicted by 2020-2027

Market Scope

Market Research Future (MRFR) presumes that the unified threat management market demand 2020 can touch a striking valuation of USD 7 billion by 2023-end. The market is also slated to procure a CAGR of 14% between 2017 and 2023 (appraisal period).

Primary Boosters and Key Barriers 

The effect examination on Coronavirus by MRFR proposes that the unified threat management market can notice supportable development even with the pervasive financial choppiness. The rising execution of the remote working methodology, by virtue of the lockdown has placed monstrous weight on all the systems administration innovations and has prompted mounting concerns connected with functional innovation's security risk, given the delicate home organization security. The drawn out effect of Coronavirus can mean critical monetary misfortune and different enterprises grinding to a halt. Nonetheless, it is projected that the ICT area can be very strong, given the rising utilization of the cloud innovation as well as correspondence advancements. MRFR is perpetually evaluating the momentary effect of the pandemic on the business elements, while checking on the future possibilities, with the intend to offer significant experiences. We will furnish COVID-19 effect investigation with report.

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The unified threat management market can witness relentless expansion backed by the rising instances of cyber-attacks coupled with the consequent increase in the need for cyber-security. The market growth is also warranted by the increasing uptake of the latest security measures and techniques across corporate sectors, in an attempt to curb the number of cybercrimes.

The increasing use of internet and the high dependency on the web applications has resulted in an unprecedented surge in data and identity theft, which bolsters the demand for UTM solutions. These solutions are also sought-after thanks to their low cost and easy to use properties. The soaring awareness level regarding virtual private network among enterprises belonging to various industries and the ongoing attempts to boost the quality of UTM solutions can also enhance market expansion prospects.

Market Segmentation 

The primary segments based on which the Unified Threat Management (UTM) Market has been reviewed in the report include component, deployment, organization size and end-users. 

  • The components covered during market review are hardware as well as software. 
  • The deployment-based segments include on-premise and on cloud. 
  • The organization size-wise market segmentation comprises small and medium-sized enterprises, along with large enterprise. 
  • The end-use verticals include retail, Utilities, IT, BFSI, government, manufacturing, telecom, and others.  

Regional Insight 

Asia Pacific or APAC, North America, Europe and RoW or the Rest of the World are the main regions considered while assessing the Unified Threat Management Industry.

North America positions among the top-performing markets for unified threat management arrangements with the solid demand emerging because of the rising predominance of the cloud security foundation. The high mindfulness concerning network protection and the information about cutting edge arrangements that are expected to manage what is happening works for the local market. Furthermore, the prestigious players in the district are continually chipping away at upgrading the nature of their answers with the expansion of cutting edge includes that hoist the presentation, with the fundamental target of attracting a larger number of end-clients. The first class degree of endeavors being given by the nearby merchants to up their game and be out in front of their opponents helps the territorial market also.

The APAC market is mainly concentrated in the emerging countries of India, Japan, and China. The region is a fast emerging UTM market that can soon record the highest growth in the following years. More and more small and medium enterprises in the region are extensively deploying UTM solutions to boost their business capabilities. Another reason for the widespread uptake of these solutions is the increasing number of sophisticated threats such as Structured Query Language (SQL) injection, Distributed Denial-of-Service (DDoS) and cross-site scripting across SMEs, leading to fostered demand for UTM solutions across the region.

Renowned Companies 

Hillstone Networks Inc. (China), Symantec Corporation (U.S), Check Point Software Technologies Ltd. (Israel), Netgear Inc. (U.S), Huawei Technologies Co. Ltd. (China), Cisco Systems Inc. (U.S), International Business Machines Corporation(U.S), Rohde & Schwarz GmbH & Co KG (Germany), Dell Inc. (U.S), Sophos Group plc (U.K), Trustwave Holdings (U.S), WatchGuard Technologies, Inc. (U.S), The Hewlett-Packard Company (U.S), Juniper Networks, Inc. (U.S), Barracuda Networks, Inc. (U.S), Comodo Group Inc. (U.S), Venustech (U.S), Stormshield (France), Untangle (U.S), Palo Alto Networks, Inc. (U.S), Zyxel Communications Corp (Taiwan), Aker Security Solutions (Brazil), Fortinet (U.S), Intel Corporation (U.S), are the most renowned companies listed in the report.

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Latest News

May 2020 

Zain Bahrain, a renowned telecommunication service provider, recently launched unified threat management services along with SD-WAN managed services. The latest product offering is part of the company’s elaborative strategic scheme to come up with a vast portfolio of managed security services to cater to businesses not only in Bahrain but internationally as well.

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Harsh Roy

Living in United Kingdom