Global unified threat management market is likely to reach a valuation of US$3.4 bn by the end of 2017 and further rise to US$5.8 bn by the end of 2022.
Albany, NY -- (SBWIRE) -- 11/24/2017 -- The security industry has now evolved into the provision of comprehensive solutions geared towards providing protection to the network owned by a business or a company together with all data carried in it. In the present time, Unified Threat Management is an easy solution to comprehensive IT security, which has now become a vital need for the corporate and enterprise sector, along with government agencies, due to the rising threat posed by cybercrime. Market Research Hub (MRH) has freshly announced the inclusion of a new study titled "Unified Threat Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022" to its wide repository, which reveals that market is expected to exhibit a CAGR of 11.1% over the 2017-2022 forecast period.
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This research provides an insight into all the technological and economic factors affecting the global market for unified threat management. It also includes details of the competitive scenario of the market by briefing profiles of key vendors functioning in the global market for unified threat management and their progress so far.
As the name suggests, Unified Threat Management (UTM) is a converged platform for point security products, protecting users from security threats in a simplified way. UTM includes functions such as content filtering, anti-virus, anti-spam and web filtering. The steady advancement of digital tools to handle cybercrime and the increasing support in the corporate sector for widespread adoption of advanced security methods is likely to drive the global unified threat management market at a rapid growth rate over the 2017-2022 forecast period. As per the study evaluations, the global unified threat management market is likely to reach a valuation of US$3.4 bn by the end of 2017 and further rise to US$5.8 bn by the end of 2022. It has been analyzed that the convenient mode of operation presented by unified threat management makes UTM systems highly striking for their varied range of end users.
Segmentation of Global Market for Unified Threat Management
The report begins with an executive summary that summarizes the entire content of the report followed by scope of the market, research methodologies used while preparing report, introduction to the market, market landscape and five force analysis. This subsequent section present clear analysis by the market segmentation into component type, vertical, enterprise type and by region. This segmental analysis points out some of the prime factors, which are as follows:
- Key end-use verticals for the unified threat management market comprise government, BFSI and IT and telecom. Analysts find that the increasing use of digital information gathering protocol in these sectors is likely to continue a vital driver.
- In terms of regional analysis, North America is the leading market for unified threat management market players. The widespread awareness in the region about the importance of cybersecurity in the modern digital age is likely to ensure stable growth of the market in the coming years.
- By component, the global unified threat management market is bifurcated into software platforms and support services. Of these, software platforms are likely to remain the dominant contributor.
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Moving further, the competitive scenario of Global unified threat management market shows how the growth in the market is encouraging new businesses to enter the industry and how is it affecting the existing businesses in the market. Prime market players profiled in the report include Check Point Software Technologies Ltd., WatchGuard Technologies Inc., Juniper Networks Inc., Cisco Systems Inc., IBM Corporation, Huawei Technologies Co. Ltd., Fortinet Inc., Hillstone Networks Inc., SonicWALL Inc., and Comodo Group Inc.
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