Frequently Asked Questions:
The global unified threat management market was valued at USD 4.2 Billion in 2022.
The unified threat management market is expected to grow at a CAGR of 15.2% between 2023 and 2030, reaching USD 11.3 Billion in 2030.
Software is the leading segment by type, holding over 30% share in value in 2022.
Support & Maintenance governs the global demand for unified threat management, holding a massive share of over 50% in 2022.
The cloud segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the unified threat management industry, with an over one-third share in 2022.
The top players include Barracuda Networks, Inc.; Cisco Systems, Inc.; and Check Point Software Technologies Ltd.
The major market drivers are the increasing frequency and sophistication of cyber threats, the adoption of cloud-based services, and the demand for managed UTM services.
The major market restraints include the complexity of integrating and managing multiple security functionalities and shortage of skilled cybersecurity professionals.
Increasing demand for managed UTM services, expansion of UTM in small and medium-sized enterprises (SMEs), and integration of artificial intelligence (AI) and machine learning (ML) technologies.