The North America Unified Threat Management Market is expected to witness market growth of 14.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Unified Threat Management Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.35 billion by 2031. The Canada market is experiencing a CAGR of 16.6% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 15.8% during 2024-2031.
Compliance with data protection regulations has also driven the adoption of UTM solutions. In addition to regulatory compliance, the growing recognition of the financial and reputational repercussions of data intrusions has incited numerous organizations to allocate resources to comprehensive security solutions. High-profile data breaches, such as those affecting large retail chains, financial institutions, and healthcare providers, have demonstrated the severe impact that a cyberattack can have on an organization’s bottom line and customer trust.
Moreover, for many companies, implementing UTM solutions represents a proactive approach to mitigating these risks. UTM solutions facilitate the rapid identification and mitigation of potential threats prior to their infliction of substantial harm by consolidating a variety of security protocols into a single device.
North America's unified threat management market has been growing rapidly due to the region's focus on adopting advanced cybersecurity solutions across key sectors. In the United States, finance and insurance represented 8.3 percent, or $1.7 trillion, of the U.S. gross domestic product (GDP) in 2020. The financial industry faces continuous risks from cyber threats targeting sensitive financial data and customer information. To combat these threats, banks and financial institutions increasingly invest in UTM solutions to ensure data integrity and regulatory compliance. The need to comply with regulations like the Gramm-Leach-Bliley Act (GLBA) and ensure robust data protection has prompted the BFSI sector to adopt UTM systems.
The US market dominated the North America Unified Threat Management Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.35 billion by 2031. The Canada market is experiencing a CAGR of 16.6% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 15.8% during 2024-2031.
Compliance with data protection regulations has also driven the adoption of UTM solutions. In addition to regulatory compliance, the growing recognition of the financial and reputational repercussions of data intrusions has incited numerous organizations to allocate resources to comprehensive security solutions. High-profile data breaches, such as those affecting large retail chains, financial institutions, and healthcare providers, have demonstrated the severe impact that a cyberattack can have on an organization’s bottom line and customer trust.
Moreover, for many companies, implementing UTM solutions represents a proactive approach to mitigating these risks. UTM solutions facilitate the rapid identification and mitigation of potential threats prior to their infliction of substantial harm by consolidating a variety of security protocols into a single device.
North America's unified threat management market has been growing rapidly due to the region's focus on adopting advanced cybersecurity solutions across key sectors. In the United States, finance and insurance represented 8.3 percent, or $1.7 trillion, of the U.S. gross domestic product (GDP) in 2020. The financial industry faces continuous risks from cyber threats targeting sensitive financial data and customer information. To combat these threats, banks and financial institutions increasingly invest in UTM solutions to ensure data integrity and regulatory compliance. The need to comply with regulations like the Gramm-Leach-Bliley Act (GLBA) and ensure robust data protection has prompted the BFSI sector to adopt UTM systems.
List of Key Companies Profiled
- Check Point Software Technologies Ltd.
- IBM Corporation
- Fortinet, Inc.
- Sophos Group PLC (Thoma Bravo)
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Trend Micro, Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Juniper Networks, Inc.
- Sonicwall, Inc.
Market Report Segmentation
By Deployment
- Cloud
- On-premise
By Enterprise Size
- SMEs
- Large Enterprise
By End Use
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail
- Telecom & IT
- Other End Use
By Component
- Hardware
- Software
- Virtual
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Unified Threat Management Market by Deployment
Chapter 6. North America Unified Threat Management Market by Enterprise Size
Chapter 7. North America Unified Threat Management Market by End Use
Chapter 8. North America Unified Threat Management Market by Component
Chapter 9. North America Unified Threat Management Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Check Point Software Technologies Ltd.
- IBM Corporation
- Fortinet, Inc.
- Sophos Group PLC (Thoma Bravo)
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Trend Micro, Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Juniper Networks, Inc.
- Sonicwall, Inc.
Methodology
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