Global Unified Threat Management (UTM) Market is expected to reach $6886.87 Million by 2023 at a CAGR of 12.5%

Report Sellers has added a new market research report “Unified Threat Management (UTM) - Global Market Outlook (2017-2023)” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.

According to the report, the Global Unified Threat Management (UTM) Market is accounted for $3019.64 million in 2016 and is expected to reach $6886.87 million by 2023 growing at a CAGR of 12.5% during the forecast period. Cost and energy consumption, technology advancement and increasing incidences of data security breach are some of the key factors favouring the market growth. However, social networking sites and lack of sustainability are hampering the market growth. By organization size, enterprises segment commanded the largest market share during the forecast period. Most of the companies are applying firewalls and VPNs as their first line protection against malicious traffic in order to maintain minimal protection against known threats while leaving the network insecure could result in unintended threats from insiders.

On the basis of geography, North America accounted for largest market share attributed to the huge demand from quickly growing financial institutions like banks across the globe. The extensive knowledge about the significance of cyber security in the digital age in the region is likely to support the growth of the unified threat management market in North America. In the current development, the U.S. has been the largest, most competitive and prime focused market for UTM vendors

Browse through the complete description and in-depth TOC on Unified Threat Management (UTM) - Global Market

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Report Scope

Unified Threat Management (UTM) has been segmented based on material type, application, end use industry and geography as follows:

By Services
Support & Maintenance
Managed Unified Threat Management (UTM)

By End User
Telecom and IT
Retail
Manufacturing
Education
Government and Utilities
BFSI (Banking, Financial services and Insurance)
Healthcare
Other End Users

By Organization Size:
Enterprises
Small Office Home Office (SOHO)

By Appliances
Virtual
Software
Hardware

By Distribution Channels
Direct
Vars
Distributors

By Geography
North America
Europe
Asia Pacific
South America
Middle East & Africa
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