What Fueled The Previous Growth In The Unified Threat Management Market?
The unified threat management market has seen considerable growth due to a variety of factors.
• The market size of unified threat management has seen a swift expansion in the past few years. The market, which was worth $7.35 billion in 2024, is forecasted to scale up to $8.31 billion in 2025, with a compound annual growth rate (CAGR) of 13.1%.
Factors like escalating cybersecurity threats, amplified internet usage, widespread usage of mobile devices, the surge in remote working population, and the broadening scope of cloud computing, drove significant growth during the historical period.
How Does the Forecast Look for the Unified Threat Management Market?
The unified threat management market is expected to maintain its strong growth trajectory in upcoming years.
• Over the incoming years, the unified threat management market is projected to experience a fast-paced expansion, growing to an estimated $13.5 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%.
The predicted increase during this forecast period may be accounted for by advances in malware sophistication, expansion of iot gadgets, migration to edge computing, integration with security orchestration and heightened knowledge about the importance of cybersecurity. Noteworthy trends anticipated during this forecast period encompass technological advancements, product innovation, initiatives in cloud security and web application development.
What Are The Leading Drivers Of Growth In The Unified Threat Management Market?
The increase in cyber-attack occurrences is predicted to push the unified threat management market's expansion forward. A cyber-attack is defined as any deliberate action taken with malicious intent to expose, disable, alter, or eliminate data, applications, or other resources by misleadingly accessing a computer system, digital gadget, or network. Unified Threat Management (UTM) solutions are employed to make network security administration more straightforward by providing a single platform to monitor and deal with various cyber threats like malware, network attacks, and other security hazards. The Australian Cyber Security Centre, a cyber security agency based in Australia, reported in February 2023 that it had received 76,000 reports of cyber-crime in 2022, a rise of 13% from the previous year. Thus, the escalating trend of cyber-attacks is fueling the growth of the unified threat management market.
How Are The Segments Defined Within The Global Unified Threat Management Market?
The unified threat management market covered in this report is segmented –
1) By Component: Hardware, Software, Virtual
2) By Deployment: Cloud, On-Premise
3) By End Users: BFSI, Manufacturing, Healthcare, Retail, Government, IT And Telecom, Other End Users
Subsegments:
1) By Hardware: UTM Appliances, Integrated Security Gateways, Network Security Devices
2) By Software: Security Software Solutions, Endpoint Security Software, Network Security Management Software
3) By Virtual: Virtual UTM Appliances, Cloud-Based Security Solutions, Software-Defined Security
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What Emerging Trends Are Influencing The Growth Of The Unified Threat Management Market?
Leading corporations in the unified threat management market are channeling their efforts into creating high-tech solutions such as Fleet Secure Unified Threat Management, to cater to pressing industry needs. Fleet Secure Unified Threat Management (UTM) is an all-encompassing cybersecurity solution, geared at safeguarding operations of fleets and connected automobiles against various threats to security. Inmarsat, a satellite telecommunications firm hailing from the UK, unveiled Fleet Secure Unified Threat Management (UTM), a comprehensive cybersecurity solution specifically tailored for the maritime sector, in June 2022. This service amalgamates three components — Fleet Secure Endpoint, Fleet Secure UTM, and Cyber Awareness Training — with the primary purpose of adeptly warding off cyber threats targeting boats. Fleet Secure UTM persistently scans network traffic to detect any malicious activity and strives to adhere to International Maritime Organization (IMO) regulations, all coordinated through a singular online platform aided by a dedicated Security Operations Centre (SOC).
Who Are the Key Players In The Unified Threat Management Market?
Major companies operating in the unified threat management market report are:
• Dell Inc.
• Huawei Technologies Co. Ltd.
• Hewlett-Packard Development Company L.P.
• The International Business Machines Corporation
• Cisco Systems
• Juniper Networks Inc.
• Fortinet Inc.
• Check Point Software Technologies Ltd.
• McAfee Corp
• Trend Micro Incorporated
• Sangfor Technologies
• Trustwave Holdings Inc.
• SonicWall Inc.
• Bitdefender
• Barracuda Networks Inc.
• WatchGuard Technologies Inc.
• Comodo Security Solutions Inc.
• Hillstone Networks Co
• Stormshield SAS
• Sophos Limited
• DigiCert Inc.
• Clavister
• Sequrix
• Untangle
• SecPoint
• StormForce
• Panda Security S.L.U.
What Is The Most Dominant Region In The Unified Threat Management Market?
North America was the largest region in the unified threat management market in 2024. The regions covered in the unified threat management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
