Global Unified Threat Management Market Report and Forecast 2024-2032

Global Unified Threat Management Market Outlook

The global unified threat management market reached a value of around USD 6.82 billion in 2023. The industry is further expected to grow at a CAGR of almost 13.9% in the forecast period of 2024-2032 to reach USD 21.96 billion by 2032.

The global unified threat management industry is being driven by the rising incidences of cyberattacks, leading to an increase in demand for cybersecurity across the globe. To curb cybercrimes, various enterprises and government organisations are adopting advanced security solutions, which is anticipated to aid the unified threat management (UTM) industry over the forecast period.

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Market Segmentation

The global unified threat management industry can be divided based on segments like components, services, deployment modes, company size, and regions.

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• Component:
  • Hardware
  • Software
  • Virtual
• Service:
  • Consulting
  • Support and Maintenance
  • Managed UTM
• Deployment Mode:
  • Cloud
  • On-Premise
  • Company Size:
  • Large Enterprise
  • Small and Medium Enterprise

The EMR report looks into the regional unified threat management markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

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Market Analysis

With the advancement in technology and development in the field of unified threat management, the industry is witnessing an increased growth. The growing internet penetration and the increasing reliance on web application are anticipated to result in the increased incidence of identity and data theft, which will boost the demand for unified threat management solutions to protect data from cyberattacks. The easy installation procedure, availability of these solutions at a low cost, the rising awareness regarding virtual private network among end-users, and the advent of UTM solutions technology is expected to drive the industry growth over the forecast period.

The support and maintenance segment, among other service types, is expected to lead the global unified threat management industry. Region-wise, North America accounted for the highest share in the industry in 2020 and is further expected to be the largest unified threat management market throughout the forecast period owing to the rising adoption of cloud security in the region.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global unified threat management industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Watchguard Technologies, Inc.
• Check Point Software Technologies Ltd.
• Juniper Networks, Inc.
• Fortinet, Inc.
• Huawei Technologies Co., Ltd.
• Untangle, Inc.
• Cisco Systems, Inc.
• Barracuda Networks, Inc.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report