Unified Threat Management Market likely to grow at CAGR of 14.5% from 2019 to 2025 | Grand View Research, Inc.

September 05 12:32 2019
Unified Threat Management Market likely to grow at CAGR of 14.5% from 2019 to 2025 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, 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 global unified threat management market size is expected to reach USD 10.09 billion by 2025 at a CAGR of 14.5% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Unified threat management (UTM) solutions eliminate the need for enhanced technical support and require fewer updates and contracts to manage network. This helps the end users to increase IT staff productivity and minimize operational costs. Latest trends, such as Bring-Your-Own-Device (BYOD), web applications, and virtualization, have compelled enterprises to prepare for emerging security risks in their networks, in addition to the growing concerns of internal and external threats. Growing number of such threats is impelling enterprises to adopt UTM solutions.

Moreover, these solutions are cost-effective and also have the ability to perform application-aware network tracking, scanning, and control. In addition, the solutions are easy to install & maintain and require lesser human intervention, which leads to further reduction in operational costs. All these factors are expected to drive the UTM market over the forecast period. Moreover, these solutions have multiple functionalities that allow consumers to reduce energy consumption and space. These benefits are further expected to contribute to the market growth. The key companies in the UTM market are focusing on developing advanced solutions that are aligned with the requirements of end users.

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U.S. Unified Threat Management (UTM) market size, by service, 2014-2025

Further key findings from the study suggest:

  • Virtual component segment is anticipated to register the highest CAGR of 15.2% from 2019 to 2025 due to increasing number of SMEs requiring virtual infrastructure to securely run a wide range of applications
  • Managed UTM segment is anticipated to register significant growth over the forecast period as these solutions eliminate the need to buy multiple appliances for enterprises and offer complete network protection
  • The cloud segment is projected to expand at the highest CAGR during the estimated period. It is the most preferred deployment method of UTM solutions as it allows users to remotely manage the appliance
  • Large enterprise is projected to be the fastest-growing segment from 2019 to 2025 due to increasing adoption of UTM solutions, which are cost-effective and easy to install & maintain in large enterprises
  • BFSI segment is expected to register a significant growth in future. High demand for remotely managing security system, owing to increasing number of online hacks and cyberattacks in banks, is expected to drive the segment
  • North America is expected to continue to dominate the global UTM market over the forecast period owing to the presence of major companies in the region
  • Prominent industry participants 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.

Europe Unified Threat Management (UTM) market share, by end use, 2018 (%)

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Key Topics Covered 

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope and Assumptions
                   1.3 List of Data Sources
Chapter 2 Executive Summary
                   2.1 Unified Threat Management (UTM) Market – Industry Snapshot & Key Buying Criteria, 2014 – 2025
                   2.2 Global Unified Threat Management (UTM) Market, 2014 – 2025
                       2.2.1 Global Unified Threat Management (UTM) market, by region, 2014 – 2025
                       2.2.2 Global Unified Threat Management (UTM) market, by component, 2014 – 2025
                       2.2.3 Global Unified Threat Management (UTM) market, by service, 2014 – 2025
                       2.2.4 Global Unified Threat Management (UTM) market, by deployment, 2014 – 2025
                       2.2.5 Global Unified Threat Management (UTM) market, by enterprise size, 2014 – 2025
                       2.2.6 Global Unified Threat Management (UTM) market, by end use, 2014 – 2025
Chapter 3 Unified Threat Management (UTM) Industry Outlook
                   3.1 Market Segmentation and Scope
                   3.2 Market Size and Growth Prospects
                   3.3 Unified Threat Management (UTM) – Value Chain Analysis
                       3.3.1 Vendor landscape
                   3.4 Unified Threat Management (UTM) Market Dynamics
                       3.4.1 Market driver analysis
                           3.4.1.1 Growing data security breaches
                           3.4.1.2 Regulatory compliance
                       3.4.2 Market restraint analysis
                           3.4.2.1 Degradation of network performance
                   3.5 Penetration and Growth Prospect Mapping
                   3.6 Unified Threat Management (UTM) – Porter’s Five Forces Analysis
                   3.7 Unified Threat Management (UTM) – Company Market Share Analysis, 2018
                   3.8 Unified Threat Management (UTM) – PESTEL Analysis
Chapter 4 Unified Threat Management (UTM) Component Outlook
                   4.1 Unified Threat Management (UTM) Market Share by Component, 2018
                   4.2 Hardware
                       4.2.1 Hardware Unified Threat Management (UTM) market, 2014 – 2025
                   4.3 Software
                       4.3.1 Software Unified Threat Management (UTM) market, 2014 – 2025
                   4.4 Virtual
                       4.4.1 Virtual Unified Threat Management (UTM) market, 2014 – 2025

… continued

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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