Unified Threat Management Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Growing Awareness for Cyber Security the Unified Threat Management Market

The unified threat management market worldwide is expected to grow with a CAGR of 15.5% during the forecast period from 2021 to 2029, starting from US$ 5.89 Bn in 2020. Owing to increase in cyber-attacks and awareness for cybersecurity, the unified threat management is set to grow significantly over the forecast period. Unified threat management is an advanced form of the traditional firewall, capable enough to carry out various security functions which include load balancing, data leak prevention, gateway anti-spam to name a few. Further, the growing adoption of unified threat management in corporates in order to curb the security issues shall support market growth. Hence, it is expected that the unified threat management market will show significant growth during the forecast period.

Cloud-based Deployment Segment will Led the Market

In 2020, the cloud-based deployment type continued to expand at a faster pace, registering larger revenue share than the on-premise segment. Cloud deployment permits customization of solutions and services of an organization on a large-scale. Cloud deployment further helps to set up a control center of arranging and coordinating the unified threat management component. The advancement in technology shall further drive the market. Notably, cloud-based deployment model eliminates the hosting, procurement and maintenance needs. Thus, they save costs and are easy to install. Due to aforementioned reasons, cloud-based segment is expected to remain the largest revenue-generating segment during the forecast period.

Asia Pacific to Grow Significantly during the Forecast Period

In 2020, North America held the largest share in the global unified threat management market, in terms of revenue and adoption. Owing to an increased demand for security and secure cloud infrastructure, the demand for unified threat management market is surging. Further, shall grow at the fastest pace during the forecast period. The rising number of SMEs in the region is expected to hasten the demand for cost-effective unified threat management solutions. As a result, Asia Pacific is projected to emerge as the fastest growing regional market throughout the forecast period.

Some of the prominent players operating in the unified threat management market Barracuda Networks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., SonicWall, Fortinet, Inc., Huawei Technologies Co. Ltd., Untangle, Inc., Juniper Networks, Inc., Sophos Ltd., and WatchGuard Technologies, Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of unified threat management in 2020 and forecast up to 2029?
• Which is the largest regional market for unified threat management?
• What are the major trends followed in overall unified threat management across different regions?
• Who are the key unified threat management companies leading the market?
• What are the key strategies adopted by the leading unified threat management companies in the market?

Unique data points of this report

• Recent trends across different regions in terms of adoption of unified threat management across various applications
• Notable developments going on in unified threat management market
• Attractive investment proposition for segments as well as geography
• The comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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