Data security breaches have become a major business concern for organizations. Due to this, the companies are suffering from both financial repercussions and brand degradations. Unified Threat Management (UTM), being an integrated solution provides multiple functionalities such as spam blocking, gateway antivirus, spyware protection, intrusion prevention, and URL filtering. This provides extensive protection to the organizationís data, network, and critical assets from malicious threats.
There are several niche vendors in the market that are primarily focusing on converging UTM products with cloud and virtualization. Identifying these future trends and taking advantage of this would help the niche players in gaining certain market share. These vendors have steadily grown over the years, but despite this growth, there are still few critical areas that need improvement. The primary concentration of vendors would be on product performance. They need to create a special value proposition for UTM products by integrating a wide breadth of security applications. However, broader application portfolio would not be enough, and the companyís need to ensure that all the security functionalities align with the userís requirements.
The growth of UTM varies across the diverse geographies. Presently, UTM has been significantly popular in North America (NA). This is due to NAís developed network infrastructure, and strict government regulations. Also, as majority of UTM vendors are well established in the U.S. But gradually, it is estimated that this market would reach maturity as compared to the other regions. Asia-Pacific region has been identified as a high growth region for UTM solutions in the near future. The other main region which would experience high growth is Latin America This is particularly because UTM solutions would be able to meet the security and budget requirements of end users in this region. This would also benefit the end users especially looking out for cost reliable and agile security solutions. The vendors investing in this market would develop their own niche market space.
MarketsandMarkets expects the UTM market to have the highest revenue growth from APAC and NA, followed by Europe and other regions, during the forecast period.MarketsandMarkets forecasts the global unified threat management market to grow from $2584.6 million in 2014 to $4445.7 million in 2019 at a Compound Annual Growth Rate (CAGR) of 11.5% from 2014 to 2019.
Unified Threat Management Market by Appliance (Hardware, Software, Virtual), Services, Managed UTM, Distribution Channel (Direct, VARís, Distributors), Organization Size (SOHO, SMB, Enterprises) - Global Market Forecasts & Analysis (2014 - 2019)
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