GVR Report cover Unified Threat Management Market Size, Share & Trends Report

Unified Threat Management Market Size, Share & Trends Analysis Report By End Use (Telecom & IT, BFSI), By Component (Hardware, Virtual), By Enterprise Size (SME), By Service, By Deployment, And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-2-68038-957-9
  • Number of Pages: 130
  • Format: Electronic (PDF)
  • Historical Range: 2014 - 2017
  • Industry: Technology

Industry Insights

The global unified threat management market size was valued at USD 3.96 billion in 2018 and is expected to register a CAGR of 14.5% from 2019 to 2025. The market has witnessed considerable growth owing to the increasing number of cyberattacks and growing importance of cybersecurity across the globe. In addition, growing adoption of advanced security methods in corporate sectors for curbing cybercrimes is expected to propel the unified threat management (UTM) market growth over the forecast period.

Increasing dependency on web applications is expected to lead to an unprecedented rise in identity and data theft and this is expected to drive the demand for UTM solutions for securing web applications. Furthermore, these solutions are available at low cost and are easy to deploy. Growing awareness about virtual private network among end-users and the development of next-generation UTM solutions are expected to further increase the market growth prospects.

U.S. Unified Threat Management (UTM) Market

UTM is considered to be an advancement of the traditional firewall in a security product that is capable of performing numerous security functions, such as gateway anti-spam, network firewalling, data leak prevention, network intrusion prevention and gateway antivirus, load balancing, on-appliance reporting, and content filtering. This is expected to drive the market growth over the forecast period.

Moreover, UTM solutions offer various advantages, such as meeting regulatory compliance, integrated approach, simplicity, and reduced technical training requirements. Security functions integrated into UTM allows faster and more streamlined processing of data by minimizing the resources required to carry out the inspection process. This is further expected to drive the demand.

However, a combination of several security tools into a solitary network device also leads to degradation in performance of a network, which is expected to hamper market growth. UTM is a single point solution, which would mean that if the solution failed, all threat management solutions associated with it would become vulnerable to cyberattack. This is also expected to hinder the market growth.

Component Insights

On the basis of component, the unified threat management market is segmented into hardware, software, and virtual. The hardware segment is expected to dominate the market over the forecast period due to increasing demand for UTM devices to reduce cyberattacks across the globe. The UTM machines specialized with Application-specific Integrated Circuit (ASIC) chipsets help in scanning multiple threats simultaneously. Additionally, ASIC-based processing hardware are capable of meeting the demands of high-speed networks and offer higher levels of security, efficiency, and effectiveness.

Service Insights

On the basis of service, the UTM market is segmented into consulting, support & maintenance, and managed UTM. The support & maintenance segment is expected to lead the market on account of growing demand for experienced and well-trained technicians and third-party support & maintenance. Growing demand for consulting services for the protection of critical data and for gaining professional guidance on new solutions are anticipated to drive the consulting service segment. Moreover, the requirements for UTM solutions vary from organization to organization. This is expected to further drive the demand for consulting services.

Deployment Insights

Cloud deployment is expected to emerge as the most preferred method of deploying UTM solutions. Cloud deployment allows large-scale customization of solutions and services for organizations. It also helps in setting up a control center for arranging and coordinating various components of the UTM. These factors are expected to drive the demand for cloud deployment over the forecast period. Furthermore, advancements in technology are boosting its demand. This type of deployment eliminates the need for hosting, procuring, maintaining, and managing on-premise firewalls within an organization and offers benefits, such as ease of installation and cost-saving. This is also expected to boost the segment growth over the forecast period.

Enterprise Size Insights

The small & medium enterprises segment dominated the enterprise size segment and was valued at USD 2,196.0 million in 2018. The small & medium enterprises in developing economies such as China, India, among others are implementing UTM solutions in order to optimize their business capabilities. This is expected to boost the growth of the segment over the forecast period. The upsurge in advanced threats such as cross-site scripting, Structured Query Language (SQL) injection, and Distributed Denial-of-Service (DDoS) attacks, which have targeted the small & medium enterprises worldwide, has led to the increase in demand for next-generation Intrusion Prevention System (IPS), firewalls, and web security gateways. Such threats are impelling small & medium enterprises to opt for UTM solutions.

End Use Insights

On the basis of end use, the UTM market is segmented into BFSI, government, healthcare, retail, manufacturing, telecom & IT, and others. Telecom & IT is expected to be the leading end-use segment over the forecast period. Increasing use of digital, information-gathering protocol is expected to be a major driver for the adoption of UTM in the segment.

Europe Unified Threat Management (UTM) Market

Moreover, rising instances of hackers targeting point of sale architecture to gain access to users’ sensitive data, such as card details, are expected to drive the adoption of UTM solution in the BFSI segment.

Regional Insights

North America accounted for the highest revenue share in 2018 and is continue to lead the market in future due to growing cloud security infrastructure in the region. In addition, high awareness levels about the significance of cyber security in the digital age is expected to propel the market growth over the forecast period. Asia Pacific is projected to witness the maximum CAGR from 2019 to 2025. Increasing number of SMEs in the region is anticipated to accelerate the demand for cost-effective UTM solutions. Moreover, vendors are consistently upgrading their solutions by adding new features for improved performance and for meeting the requirements of end users. These factors are also expected to drive the regional market.

Unified Threat Management Market Share Insights

Key companies in the market include 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.

Companies are adopting various strategies, such as mergers & acquisitions, new product/solution development, and collaborations. In October 2018, WatchGuard Technologies, Inc., introduced new UTM systems, "Firebox T series", with upgraded hardware. The system offers security and high network speed for small offices, distributed enterprises, and home offices.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, U.K., Germany, China, India, Japan, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global unified threat management market report on the basis of component, service, deployment, enterprise size, end use, and region:

  • Component Outlook (Revenue, USD Million, 2014 - 2025)

    • Hardware

    • Software

    • Virtual

  • Service Outlook (Revenue, USD Million, 2014 - 2025)

    • Consulting

    • Support & Maintenance

    • Managed UTM

  • Deployment Outlook (Revenue, USD Million, 2014 - 2025)

    • Cloud

    • On-premise

  • Enterprise Size Outlook (Revenue, USD Million, 2014 - 2025)

    • Large Enterprise

    • Small & Medium Enterprise (SME)

  • End Use Outlook (Revenue, USD Million, 2014 - 2025)

    • BFSI

    • Government

    • Healthcare

    • Manufacturing

    • Retail

    • Telecom & IT

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

    • Middle East & Africa (MEA)

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes data points, ranging from trend analyses to estimates and forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.