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Global Unified Threat Management Market is expected to be dominated by North America region over 2019-2025

Author : Ronak Bora | Published Date : 2019-03-29 

North America has accounted for the largest market share in the unified threat management market due to the early realization of cybersecurity threats such as data breaches. In 2018, Facebook faced the biggest data breach with 50 million user accounts getting accessed by attackers, which raised questions on enterprise-level cybersecurity measures. Also, large-scale financial institutes such as banks are attracting more and more vendors to the North America region. Due to the increasing number of online financial transactions being performed in the region, especially in the U.S., the demand for more robust network security solutions in increasing consistently. The network security companies based in the U.S. are investing more on customized UTM, making it difficult for outside vendors to enter  the market.

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Unified threat management market in Asia Pacific has shown the highest growth rate as developing countries including India and China are focusing more on digital transformation. India is contributing more to this growth as the initiatives by the Indian government, such as Digital India, Financial Inclusion, and Startup India, are contributing to the growing demand for more IT network infrastructure for government institutions. With increasing connected devices, China is focusing more on secured and trustworthy networks, encouraging local & foreign security vendors to grow rapidly.

UTM has optimized many hardware & software components, which can simultaneously perform many functions including antivirus, virtual private networking, firewall, URL filtering, spam blocking, spyware protection, and intrusion detection & prevention. The agile security and changing networks need a more flexible threat management system. UTM is flexible enough to update security parameters at the time of every new threat. The single console handling all the network security functions will reduce the time required to resolve network security related issues in enterprises, leading to a faster response time. Centralized Integration gives more control over the network security and helps to easily monitor & provide attention to specific functions according to security needs. The single console provides detection in upcoming threats.

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Unified Threat Management Market is expected to grow at rapid pace in the coming years on account of technological advancements such as cloud computing, IoT, and SD-WAN. The enterprises are more prone to threats such as data security breaches, demanding a more secured information technology infrastructure. With technological advancements, enterprises will be seeking more secured SD-WAN & Wi-Fi networks, driving the unified threat management market. The latest trends, such as virtualization and BYOD, are shifting businesses from traditional security solutions to more advanced threat management systems.  

In the unified threat management market, this solution is a single system that can manage different security functions from one place so that, the cost for the overall network security infrastructure is relatively low as compared to the traditional network security systems. UTM results in reduced hardware as compared to traditional security systems, reducing the overall installation cost and time. The maintenance & operating costs of UTM are less, helping enterprises maintain the network security  cost low. Many SMEs need robust security solutions at lower cost.

UTM proves to be highly effective for such businesses to minimize the cost spent on securing their IT infrastructure. A single vendor can handle the whole network security infrastructure, leading to single licensing and more continuity. As UTM combines many security features on a single console, a single failure can lead to a complete shutdown of the network security infrastructure. This may lead to the reduction in performance rates of enterprises. Growing businesses are having more complex security needs, questioning the ability of UTM to prevent constantly evolving cyber threats.

Browse Full Report: https://www.gminsights.com/industry-analysis/unified-threat-management-utm-market 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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