Unified Threat Management Market Technological Advancements, Growth Opportunity and Forecast 2018-2026
Unified threat
management is a security management approach used for delivering the
security-related applications, infrastructure, and integrated platform.
Moreover, UTM solutions offers the multiple advantages to the organizations
such as cost-effectiveness, integrated approach, regulatory compliance,
simplicity and also reduces the requirement of technical training. Hence, UTM
benefits are expected to help the organization to minimize the threats such as
cybercrime, data loss, and other cases, which had mainly occur in the
organizations, this in turn is expected to propel growth of the UTM market.
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The features
delivered by the UTM such as gateway antivirus, next-gen firewalls network,
gateway antivirus, gateway anti-spam, load balancing, data leak prevention,
content filtering, VPN, and many others directly help in removing all the
vulnerabilities and increases the security values of the organizations.
Therefore, the consolidation of all such security features within the single
appliance is major factor driving growth of the market.
Increasing demand for data security leading to minimum the data
breaches is one of the major factor driving growth of the market.
Several
organisation are currently working on IT infrastructure and networking
environment, which directly increase the generation of data within the
organisations. These organizations are facing challenges related to the data
breaches, due to the rise in generation of data at the regular basis. However,
the impact of data breaches will affect the organisations in terms of customer
loss, decline in revenues, loss of competitive advantage and employees’
productivity and others, which negatively impact on the organisation
performances. Therefore, UTM solutions include features such as application control,
intrusion detection, and content filtering and others, which help the
organisations in terms of increasing security level, protection, visibility,
and control the data over the network. Hence, UTM solutions are expected to
provide the high level of data protection that helps in minimize the loss of
sensitive data, which directly propel growth of the UTM market.
Cloud-based unified threat management is expected to offer the
significant opportunities for growth of the market
In present
scenario, most of the organisations have shifted their workloads to clouds in
order to achieve the maximum agility and flexibility that helps to meets the
ever-changing business needs, which is propelling demand for advance security
solutions that help in the constant monitoring data to secure the data from
cloud-based threats such as data breaches, account hijacking, unauthorised
access of data and others. Hence, cloud-based UTM offers security solution,
which is an encapsulation of anti-virus, anti-spam, anti-spyware, intrusion
prevention, and web filtering, which help the organisation to maintain the
security data in the cloud.
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Unified Threat Management: Regional Insights
On the basis of
geography, a global unified threat management market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North
America held to be the dominant position in the market and is estimated to
retain its dominance throughout the forecast period. The Big Data, cloud
services, utilization of mobile workforce are some of the emerging trend in the
IT industries. Increasing adoption of IT technologies also increases the number
of vulnerabilities such as loss of data, cyber-attacks, data breaches and
others. Therefore, companies are adopting the highly advanced solutions to
reduce such vulnerabilities by increasing the level of data protection, which
is propelling growth of the UTM market.
On the basis of
applications, the software based unified threat management segment is expected
to hold largest market share during the forecasted period. The advantages of
the software UTM is that it helps in reduces the cost related to the
maintenance, implementation and hardware cost respectively. Therefore, the
adoption of software based UTM help in cost savings as only fewer physical
devices are required.
On the basis of
vertical, the BFSI segment is projected to hold largest market share during the
forecast period. Increasing demand for digital information in BFSI sectors is
one of the major driving factor for the growth of the global unified threat
management market over the forecast period, owing increasing number of hackers
targeting the user’s sensitive details such as card details, as well as
espionage, and many others. Hence, it offers the extensive security to
accurately pinpoint internal and external network vulnerabilities, determine
user susceptibility to social engineering schemes and also provide the
information security policy, which in turn help the financial sectors to
identify their potential hackers before they strike to hack.
Unified Threat Management: Competitive Background
Some of the
players operating in the Unified Threat Management market include Check Point
Software Technologies Ltd., WatchGuard Technologies Inc., Juniper Networks
Inc., Cisco Systems Inc., IBM Corporation, Huawei Technologies Co. Ltd.,
Fortinet Inc., Hillstone Networks Inc., SonicWALL Inc., and Comodo Group Inc.
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