The global Unified Threat Managment market is expected to upsurge due to its innovative features such as ease-of-deployment, ease-of-use, and its ability to integrate with other systems. It also protects the organizations against various security and malware threats. The developing mechanisation and urbanization across the globe are some of major factors expected to drive the market growth. Government and private associations are adapting UTM to battle against malicious attacks. However, integration of several security tools into a single network device is a major restraint to the market. Contrarily, vendors are evolving their solutions to meet the requirement in terms of quality and features keeping in mind the requirements of large organization which make it more feasible and opportunistic for the market.
The growing significance of cybersecurity because of the increasing prevalence of cyberattacks is required to drive the development of the global UTM software market in the expected time. Further, the rising prerequisite of threat management solutions in different associations for data classification is essentially adding to the expanded market size.
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Impact of COVID-19 on Unified Threat Management Market:
► Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global unified threat management market in 2020.
► Though governments have imposed lockdowns to contain spread of the virus, manufacturing and production units are at halt across the globe, which can affect the unified threat management market in the short run.
► Unified threat management offers IT& Telecom companies various features such as URL filtering, web antivirus services, application control and user control services for increasing operational efficiency.
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Increase in number of data breaches, regulatory compliance, support from advanced technologies and capability to provide security assurance will lead to fall in the market growth. Breach of sensitive business information can be a big problem, if the companies don’t invest in high quality protection systems. And to integrate various security tools in one framework requires high cost and time. It also reduces the performance of the security tool in traditional system.
Key benefits of the report:
► This study presents the analytical depiction of the unified threat management industry along with the current trends and future estimations to determine the imminent investment pockets.
► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the unified threat management market share.
► The current market is quantitatively analyzed to highlight the market growth scenario.
► Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
► The report provides a detailed unified threat management market analysis based on competitive intensity and how the competition will take shape in coming years.
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It helps in several tasks such as document control, non-conformance tracking, corrective action, and employee. Industries such as automotive, manufacturing, healthcare, and IT & telecom are adopting unified threat management software at a very fast pace, which fuels growth of the market.
Key Market Players:
► Sophos Ltd.
► Barracuda Networks, Inc.
► Huawei Technologies Co., Ltd.
► Juniper Networks, Inc.
► Untangle, Inc.
► Checkpoint Software Technologies Ltd.
► SonicWall
► Fortinet, Inc.
► Cisco Systems, Inc.
► Watchguard Technologies, Inc.
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