This market research report provides a comprehensive segmentation of the global UTM market by UTM solutions (network firewall, VPN, IDP, web security, routing, and antimalware solutions) and by end users (telecom, financial, government, healthcare, and manufacturing). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Check Point Software, Cisco, Dell Sonic Wall, Fortinet, and Juniper Networks.
Technavio has released updated information on the network security market, with the publication of its new market research report, global UTM market. The global UTM market is expected to grow at a CAGR of around 15% between 2016 and 2020. The growing need for high-level network security in corporate firms is a critical factor that bolsters growth in this market during the forecast period.
“Augmented incidences of data security breaches have encouraged vendors to increase the features and functionalities of their existing UTM solutions. They are upgrading UTM solutions with advanced functionalities such as deep packet inspection, DLP, WAF, NGFW, and VPN content filtering, for the better security of organized data. Vendors are focusing on cloud-based UTM solutions to offer such advanced solutions in a cost-effective manner,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
The recent increase in the number of high-profile data breaches is the key driver for the growth of this market. The increased dependency on web applications is predicted to lead to an unprecedented rise in data thefts and identity thefts. Moreover, with the advent of social networking sites, it has become easy for hackers to attack the users’ data. Consequently, many companies have now started to implement UTM solutions as it helps to safeguard the official and private data from hackers.
The leading vendors in the global UTM market include Check Point Software, Cisco, Dell Sonic Wall, Fortinet, and Juniper Networks. This market is highly fragmented owing to the presence of numerous small regional vendors and large multinational vendors. In this market, vendors compete on the basis of product quality, technology, and price to gain a competitive edge over their rivals. The vendors that have access to extensive financial resources are expected to gain maximum market traction as they can develop products with superior security features.
A more detailed analysis is available in the Technavio report, Global UTM Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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