Demand for Consolidated Security Solutions a Major Growth Driver in the Unified Threat Management Market: TechNavio

The market is posting a CAGR of 16.5 percent from 2013-2018.

London, 02 June 2014: TechNavio, the independent tech-focused global research firm, pinpoints the need for consolidated security solutions and demand for SaaS-based solutions as the main factors affecting growth in the Global Unified Threat Management (UTM) Market.

A unified threat management solution is hardware or software that provides protection to both inbound and outbound network traffic. It integrates security technologies such as firewalls, virtual private networks, intrusion detection systems, intrusion prevention systems, anti-malware solutions, antivirus software, internet protocol security, web filtering, anti-spam, application control, and other network security products into a single solution.

Need for Consolidation of Security Solutions

Given the number of security solutions on the market, choosing and implementing the right one can be time consuming and expensive for end-users. UTM solutions combine multiple security technologies into a single network device. This provides companies with advantages such as the ability to easily deploy and manage multiple network security devices.

“The consolidation of security technologies such as firewalls, intrusion prevention, and web filtering addresses multiple security attack vectors by cyber criminals. It also means that a single company can be made responsible for all the support and transaction activities relating to network security, thereby streamlining security processes and offering major cost-savings for enterprises,” says Faisal Ghaus, Vice President of TechNavio.

Increased Demand for SaaS-based Solutions

In addition, demand for SaaS-based and hybrid solutions will also prompt growth in the market, as service providers work to meet customer demand in these areas. Ghaus says that these solutions provide advantages such as easy installation, easy upgrades, cost advantages, and signature-independent scanning. SMEs and large enterprises are choosing SaaS-based (or hybrid) solutions, and it is expected that such demand will propel growth of the Global UTM market over the next few years.

To determine the market scenario for the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Unified Threat Management Market please send an e-mail to media@TechNavio.com.