Global Unified Threat Management Market 2016-2020
Market outlook of the global UTM market
Technavio’s market research analyst has estimated the global UTM market to post an impressive CAGR of more than 14% by 2020. The growing need for high-level network security in corporate firms is a critical factor that bolsters growth in this market during the forecast period. Additionally, factors like the recent increase in the number of attacks and threats from hackers are anticipated to augment the demand for advanced security solutions, which in turn results in market growth during the predicted period.
The recent increase in the number of high-profile data breaches is the key driver for the growth of this market. The increased dependency on web applications is predicted to lead to an unprecedented rise in data thefts and identity thefts. Moreover, with the advent of social networking sites, it has become easy for hackers to attack the users’ data. Consequently, many companies have now started to implement UTM solutions as it helps to safeguard the official and private data from hackers.
End-user segmentation and analysis of the UTM market
Technavio market research analysts have estimated the others segment, which consists of sectors like education, energy and utilities, and retail, to be the largest market segment during the predicted period. The end users’ increasing awareness about the benefits of UTM solutions is a significant factor that results in this segment’s impressive market share of nearly 31% by 2020.
Geographical segmentation and analysis of the UTM market
In this market research, analysts have estimated the Americas to account for a market share of more than 46% by 2020. The presence of numerous global financial institutions and large companies in this region is a significant factor that is anticipated to foster the prospects for growth in this geography during the predicted period.
Competitive landscape and key vendors
The global UTM market is highly fragmented owing to the presence of numerous small regional vendors and large multinational vendors. In this market, vendors compete on the basis of product quality, technology, and price to gain a competitive edge over their rivals. The vendors that have access to extensive financial resources are expected to gain maximum market traction as they can develop products with superior security features.
The top vendors in the market are -
- Check Point Software
- Dell Sonic Wall
- Juniper Networks
The other prominent vendors of the market include Barracuda Networks, Clavister, Cyberoam, gateprotect, HP, Huawei, IBM, Kerio, NETASQ, Panda Security, Sophos, Trustwave, and WatchGuard.
Key questions answered in the report
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global UTM market?
- What are the key market trends impacting the growth of the UTM market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global UTM system?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the UTM market?
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