Growing Awareness for Cyber Security the Unified Threat Management Market

The unified threat management market worldwide is expected to grow with a CAGR of 10.5% during the forecast period from 2023 to 2030, starting from US$ 6.50 Bn in 2021. Owing to increase in cyber-attacks and awareness for cybersecurity, unified threat management is set to grow significantly over the forecast period. Unified threat management is an advanced form of the traditional firewall, capable enough to carry out various security functions which include load balancing, data leak prevention, gateway anti-spam to name a few. Further, the growing adoption of unified threat management in corporates in order to curb the security issues shall support market growth. Hence, it is expected that the unified threat management market will show significant growth during the forecast period.

Cloud-based Deployment Segment will Lead the Market

In 2021, the cloud-based deployment type continued to expand at a faster pace, registering larger revenue share than the on-premise segment. Cloud deployment permits customization of solutions and services of an organization on a large-scale. Cloud deployment further helps to set up a control center of arranging and coordinating the unified threat management component. The advancement in technology shall further drive the market. Notably, cloud-based deployment model eliminates the hosting, procurement and maintenance needs. Thus, they save costs and are easy to install. Due to aforementioned reasons, cloud-based segment is expected to remain the largest revenue-generating segment during the forecast period.

Asia Pacific to Grow Significantly during the Forecast Period

In 2021, North America held the largest share in the global unified threat management market, in terms of revenue and adoption. Owing to an increased demand for security and secure cloud infrastructure, the demand for unified threat management market is surging. Further, shall grow at the fastest pace during the forecast period. The rising number of SMEs in the region is expected to hasten the demand for cost-effective unified threat management solutions. As a result, Asia Pacific is projected to emerge as the fastest growing regional market throughout the forecast period.

Some of the prominent players operating in the unified threat management market Barracuda Networks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., SonicWall, Fortinet, Inc., Huawei Technologies Co. Ltd., Untangle, Inc., Juniper Networks, Inc., Sophos Ltd., and WatchGuard Technologies, Inc. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Unified Threat Management market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Unified Threat Management market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Unified Threat Management market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Unified Threat Management market?
• Which is the largest regional market for Unified Threat Management market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Unified Threat Management market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Unified Threat Management market worldwide?