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Unified Threat Management Market By Component (Software Platforms, Support Services), By Enterprise (Large Enterprises, Small and Medium-sized Enterprises), By Deployment Model (On-Premise, Cloud-based), By End-User (BFSI, Manufacturing, IT & Telecom, Healthcare, Government) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Growing Awareness for Cyber Security in the Unified Threat Management Market

The unified threat management market worldwide is expected to grow with a CAGR of 15.5% during the forecast period from 2019 to 2027, starting from US$ 4.50 Bn in 2018. Unified threat management is set to grow significantly over the forecast period due to the increase in cyber-attacks and cybersecurity awareness. Unified threat management is an advanced form of the traditional firewall, capable enough to carry out various security functions, which include load balancing, data leak prevention, and gateway anti-spam, to name a few. Further, the growing adoption of unified threat management in corporates in order to curb security issues shall support market growth. Hence, it is expected that the unified threat management market will show significant change during the forecast period.

Market Synopsis

Cloud-based Deployment Segment will Led the Market

In 2018, the cloud-based deployment type continued to expand at a faster pace, registering a larger revenue share than the on-premise segment. Cloud deployment permits the customization of solutions and services of an organization on a large scale. In addition, cloud deployment further helps to set up a control center for arranging and coordinating the unified threat management component. Therefore, the advancement in technology shall further drive the market. Notably, the cloud-based deployment model eliminates the hosting, procurement, and maintenance needs. Thus, they save costs and are easy to install. Due to aforementioned reasons, the cloud-based segment is expected to remain the largest revenue-generating segment during the forecast period.

The Asia Pacific to Grow Significantly during the Forecast Period

In 2018, North America held the largest share in the global unified threat management market regarding revenue and adoption. The demand for the unified threat management market is surging due to an increased demand for security and secure cloud infrastructure. Further, it shall grow at the fastest pace during the forecast period. In addition, the rising number of SMEs in the region is expected to hasten the demand for cost-effective unified threat management solutions. As a result, Asia Pacific is projected to emerge as the fastest-growing regional market throughout the forecast period.

Some of the prominent players operating in the unified threat management market are Barracuda Networks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., SonicWall, Fortinet, Inc., Huawei Technologies Co. Ltd., Untangle, Inc., Juniper Networks, Inc., Sophos Ltd., and WatchGuard Technologies, Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The unified threat management market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global unified threat management market based on component, application, deployment model, organization size, vertical, and geography.

Frequently Asked Questions:

The market for Unified Threat Management is expected to reach US$ 4.50 Bn in 2027.

The Unified Threat Management market is expected to see significant CAGR growth over the coming years, at 15.5%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Barracuda Networks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., SonicWall, Fortinet, Inc., Huawei Technologies Co. Ltd ., Untangle, Inc., Juniper Networks, Inc. are some of the major players in the global market.

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Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60131
Report Format:   PDF
Pages:   120
Rating:    4.2 (70)
Delivery Time: 24 Hours to 48 Hours   
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