Unified Network Management Market Growth During Forecast Period

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Unified Threat Management Market Growth
During Forecast Period.
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Key Insights from Unified Threat Management
Market

• Unified Threat Management Market is expected to
  grow at rapid pace in the coming years on account
  of technological advancements such as cloud
  computing, IoT, and SD-WAN.
• UTM has optimized many hardware software
  components, which can simultaneously perform many
  functions including antivirus, virtual private
  networking, firewall, URL filtering, spam
  blocking, spyware protection, and intrusion
  detection prevention. The agile security and
  changing networks need a more flexible threat
  management system.
• UTM is a single system that can manage different
  security functions from one place so that, the
  cost for the overall network security
  infrastructure is relatively low as compared to
  the traditional network security systems. UTM
  results in reduced hardware as compared to
  traditional security systems, reducing the
  overall installation cost and time.

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Continued

• The maintenance operating costs of UTM are
  less, helping enterprises maintain the network
  security cost low. Many SMEs need robust
  security solutions at lower cost. UTM proves to
  be highly effective for such businesses to
  minimize the cost spent on securing their IT
  infrastructure. A single vendor can handle the
  whole network security infrastructure, leading to
  single licensing and more continuity.
• North America has accounted for the largest
  market share in the UTM market due to the early
  realization of cybersecurity threats such as data
  breaches. In 2018, Facebook faced the biggest
  data breach with 50 million user accounts getting
  accessed by attackers, which raised questions on
  enterprise-level cybersecurity measures. Also,
  large-scale financial institutes such as banks
  are attracting more and more vendors to the North
  America region.

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Market research reports Key analytical components

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Major Companies Unified Threat Management Market

• Cisco
• Dell SonicWALL
• Barracuda Networks
• McAfee
• Trend Micro
• Juniper Networks

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Regional Insights Unified Threat Management
Market

North America has accounted for the largest
market share in the UTM market due to the early
realization of cybersecurity threats such as data
breaches. In 2018, Facebook faced the biggest
data breach with 50 million user accounts getting
accessed by attackers, which raised questions on
enterprise-level cybersecurity measures. Also,
large-scale financial institutes such as banks
are attracting more and more vendors to the North
America region. Asia Pacific has shown the
highest growth rate as developing countries
including India and China are focusing more on
digital transformation. India is contributing
more to this growth as the initiatives by the
Indian government, such as Digital India,
Financial Inclusion, and Startup India, are
contributing to the growing demand for more IT
network infrastructure for government
institutions.
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