UNIFIED THREAT MANAGEMENT MARKET ANALYSIS

Regional Analysis

Unified Threat Management: Regional Insights

On the basis of geography, a global unified threat management market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held to be the dominant position in the market and is estimated to retain its dominance throughout the forecast period. The Big Data, cloud services, utilization of mobile workforce are some of the emerging trend in the IT industries. Increasing adoption of IT technologies also increases the number of vulnerabilities such as loss of data, cyber-attacks, data breaches and others. Therefore, companies are adopting the highly advanced solutions to reduce such vulnerabilities by increasing the level of data protection, which is propelling growth of the UTM market.

On the basis of applications, the software based unified threat management segment is expected to hold largest market share during the forecasted period. The advantages of the software UTM is that it helps in reduces the cost related to the maintenance, implementation and hardware cost respectively. Therefore, the adoption of software based UTM help in cost savings as only fewer physical devices are required.

On the basis of vertical, the BFSI segment is projected to hold largest market share during the forecast period. Increasing demand for digital information in BFSI sectors is one of the major driving factor for the growth of the global unified threat management market over the forecast period, owing increasing number of hackers targeting the user’s sensitive details such as card details, as well as espionage, and many others. Hence, it offers the extensive security to accurately pinpoint internal and external network vulnerabilities, determine user susceptibility to social engineering schemes and also provide the information security policy, which in turn help the financial sectors to identify their potential hackers before they strike to hack.