Unified Threat Management Market – New Revenue Pockets
Among all the major verticals, the BFSI vertical is expected to account for the largest market share during the forecast period 2014-2019. The Unified Threat Management (UTM) solutions are extensively used in this industry to manage personal accounts of customers, to avoid fallacy in financial transactions and to provide smooth movement of funds between the branches. Furthermore, these solutions are also helping organizations across government and utilities sector, to fight against malicious attacks such as DDOS attacks and web attacks which are specifically aimed to harm the defense data. This could result in great devastation and loss. Over the period of time, the government and utilities sector has realized the benefits from UTM in terms of performance and price. UTM is a simpler solution which enables the organization to save on cost, and enhance its productivity.
However, there are the other revenue pockets, namely healthcare, retail, manufacturing, and telecom and IT that will witness significant growth during the forecast period.
The government entities are directly responsible for most of the systems associated with critical infrastructure. Furthermore, the military and associated intelligence agencies routinely handle highly secretive information. Hence, the requirement of network security here represents a high level of criticality which exceeds far more than the networks associated with commercial organizations. Thus, the demands for UTM solutions are higher in this sector as compared to the other sectors.
UTM has significantly contributed to the government and utilities sector. Some of the extensive applications which are used here are:
- UTM solutions are used to provide critical network security to nuclear plants and defense offices.
- These solutions are also used to secure sensitive data related to taxation, procurement and tenders, employee records, land title deeds, smart grids, and other utilities.
Most of the sophisticated functions in the healthcare sector are digitized which include Electronic Health Records (EHR), Computerized Physician Order Entries (CPOE), and Picture Archiving Communication Systems (PACS). With the growth of these digitized systems, the need to build secure networks becomes imperative. UTM is one of the solutions which provide protection to the health-related information of patients, along with regular auditing and redefining of health policies. UTM solutions also provide consistent monitoring and management of data, real-time updates, zero day attack protection, and in maintaining the confidentiality of patient and business activities. Strict regulatory compliance such as Health Insurance Portability and Accountability Act (HIPPA) and Health Information Technology For Economic and Clinical Health Act (HITECH) also drives the growth of UTM solutions.
In the retail and manufacturing sector, the UTM solutions enable the robust protection of customer data. This ensures the confidentiality of financial cards and personal information of the customers and employees. It is also provides identity-based policies, application control, endpoint Network Access Control (NAC) along with other features, to meet the compliances set by the Payment Card Industry Council-Data Security Standard (PCI-DSS). In the manufacturing sector, the UTM solutions have effectively reduced the networking administrative cost and maintenance burden. UTM solutions avoid disruptions in business processes and also ensure the safe connectivity between different manufacturing sites.
Related Reports:
Unified Threat Management Market by Appliance (Hardware, Software, Virtual), Services, Managed UTM, Distribution Channel (Direct, VAR’s, Distributors), Organization Size (SOHO, SMB, Enterprises) - Global Market Forecasts & Analysis (2014 - 2019)
https://www.marketsandmarkets.com/Market-Reports/unified-threat-management-market-247574842.html
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