The unified threat management market size is projected to reach US$ 11.88 billion by 2030 from US$ 5.25 billion in 2022. The market is expected to register a CAGR of 10.7% during 2022–2030. Integration of artificial intelligence and machine learning is likely to remain a key trend in the market.
The antivirus feature of a unified threat management solution helps businesses monitor the network and detect and stop viruses from damaging their system or its connected devices. Antivirus solutions of unified threat management can prevent Trojans, infected files, worms, spyware, and other malware. The firewall solution of unified threat management helps businesses scan incoming and outgoing traffic for malware, viruses, phishing attacks, attempts to intrude on the network, spam, and other cyberattack threats. It can examine both the data coming in and out of their network and prevent devices within the network from spreading malware to other networks. The data loss prevention feature helps the business to identify data breaches and exfiltration attempts and then stop them. Thus, such wide benefits and consolidated solutions offered by unified threat management solutions lead to their adoption by several end-use industries such as BFSI, retail, government, IT & telecom, manufacturing, and healthcare to secure their network.
The rising cyber threats across varied industry verticals and the increasing number of connected devices are the primary factors promoting the unified threat management market growth. Also, increased spending on the adoption of unified security solutions by SMEs due to its cost-effective nature is expected to fuel the growth of the unified threat management market in the near future.
Unified threat management solutions and services are a consolidated framework of features such as gateway antivirus, data leak prevention, content filtering, and load balancing. The adoption of unified threat management helps businesses consolidate their IT security solutions into one platform and simplify the protection of the network. The businesses can monitor all the potential threats and security-related activity through a single platform. In this way, businesses can attain complete, simplified visibility into all the verticals of their security or wireless architecture.
The rise in digitalization has encouraged several businesses across various industry verticals to digitalize their business in order to gain competitive advantage, enhance operational workflow, and reach more targeted audiences. However, the adoption of digital solutions makes critical data vulnerable and accessible to potential data breach incidents, leading to a rise in the number of data breach cases and incidents. A data breach is a security incident where an unauthorized party gains access to any business-sensitive and crucial information. Data breach incidents can impact business performance due to loss of critical information, financial losses, loss of trust of customers, and others. A few of the data breach incidents and related information are mentioned below:
Adopting unified threat management solutions and services can help businesses boost their network security. This solution provides multiple security features via a single platform, which can help to get an advanced level of cost-efficient security solution. Thus, the rise in the number of data breach cases generates the demand for enhanced levels of security solutions, such as unified threat management, thereby fueling the market growth.
Digital transformation continues to act as the main driver of organizational change. It also has a significant effect on security teams. As enterprises migrate to or from cloud environments, UTM tools find it difficult to fully cover the attack surface that enterprises encounter. The traditional UTM is unable to cover everything from cloud presence, on-premises, and SaaS products to code repositories and endpoint security. In order to protect themselves from all sides, companies add numerous more single-function tools to their UTM packages. In the coming years, businesses will increasingly adopt hybrid UTM solutions.
Key segments that contributed to the derivation of the unified threat management market analysis are the component, deployment, enterprise size, and end users.
The geographic scope of the unified threat management market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America held the largest unified threat management market share in 2022. The North American unified threat management software market is segmented into the US, Canada, and Mexico. The substantial majority of Americans experienced cyberattacks in 2022 on the nation's public infrastructure or financial and banking systems. Because of this, the US government is taking several initiatives to handle cyberattacks on public infrastructure or government agencies. Also, the increasing number of Distributed Denial-of-Service (DDoS) attacks in North America is one of the factors for the growth of the unified threat management market. In August 2023, Zayo Group Holdings, Inc.—a leading global communications infrastructure provider—announced its annual DDoS Insights Report, analyzing DDoS attack activity and impact across industries in the first half of 2023. The report analyzed more than 70,000 threat detections and mitigation experiences by Zayo Group Holdings, Inc.'s customers across 14 industries in America and Western Europe between January 1 and June 30, 2023. Various sectors, including IT & telecommunication, education, retail, media, healthcare, and government, were hit by DDoS attacks. Telecommunications companies were a prime target for attackers due to the critical role telecom providers play in providing communication and Internet services. The industry saw the most frequent attacks, accounting for roughly half of the total attack volume, with more than 37,000 attacks in the first half of 2023. Hence, the increase in DDoS attacks in North America is boosting the adoption of unified threat management solutions.
The regional trends and factors influencing the Unified Threat Management Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Unified Threat Management Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 5.25 Billion |
| Market Size by 2030 | US$ 11.88 Billion |
| Global CAGR (2022 - 2030) | 10.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Unified Threat Management Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Unified Threat Management Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The unified threat management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the unified threat management market are listed below:
The “Unified Threat Management Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Unified Threat Management Market
The leading players operating in the unified threat management market are Fortinet Inc, Check Point Software Technologies Ltd, SonicWall Inc, Sophos Ltd, Cisco Systems Inc, Juniper Networks Inc, Barracuda Networks Inc, Stormshield SAS, Huawei Technologies Co Ltd, and WatchGuard Technologies Inc.
Integration of artificial intelligence and machine learning is anticipated to play a significant role in the global unified threat management market in the coming years.
The unified threat management market size is projected to reach US$ 11.88 billion by 2030.
North America is expected to dominate the unified threat management market with the highest market share in 2022.
The major factors driving the unified threat management market are rising cases of data breaches, growing government investment initiatives for SMEs, and expansion of the telecom industry.
The global unified threat management market is expected to grow at a CAGR of 10.7% during the forecast period 2023 - 2030.