Unified threat management or UTM is gaining popularity with a safe and easy to use network getaway defense solution. It is the advanced form of the conventional firewall, which works as an all-inclusive security product taking care of multiple tasks. These tasks include network intrusion prevention, network firewalling, gateway anti-spam, load balancing, antivirus, data leak protection, content filtering, and so on. The global unified threat management market is said to be driven by the growing rate of adoption. This growth in demand is directly attributed to the growth in deployment and regulatory changes across different parts of the world.
Driving Factors for UTM Market
As mentioned before, the unified threat management market is driven by growth in demand. This demand is backed by rising rate of adoption and technological advancements taking place in order to meet the changing demands. Rise in the instances of data breaches, growth in big data, data security issues, and changing regulatory mandates also play vital role in the progress of the global industry. the multiple functionalities offered by the unified threat management services are the supporting growth factors for the market. These solutions are able to integrate capability, security, intensive point security solutions, easy deployment, direct sales channels are some of the attributes to the UTM that make these solutions are services affordable and suitable for small and medium businesses as well as large organizations.
The global unified threat management market is segmented on the basis of the types of services, appliances, distribution channels, size of the organizations, industrial verticals with largest deployment and geographic regions with rising demand. Following are the details of this segmentation:
- Services: Managed unified threat management and support and maintenance
- Appliances: Virtual programs, software programs and hardware
- Distribution: Value added resellers, distributors and direct distribution
- Geography: North America, Latin America, Middle East, Africa, Asia Pacific, and Europe Industries: Government, healthcare, utilities, BFSI, manufacturing, retail, telecom and IT, academia, etc.
- Size of Organizations: Small and medium businesses (SMBs), large enterprises, and small office home office (SOHO)
The global market is expected to grow at a CAGR of over 11% from 2014 to 2019. At this rate, it will reach past $4,445.7 million by the end of the year 2019. As of 2014, the market is worth $2584.6 million. Continuous focus on product development, correct prediction of user requirement, and technological advancements are said to be the key factors for constant growth in this industry. Currently, the market is driven by developed regions like North America and Europe. However, the emerging countries like Asia Pacific and Latin America are also expected to witness healthy growth during the forecasting period.