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Unified Threat Management - the Answer to Todays Network Security Concerns
Unified Threat Management (UTM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Published 01 February 2016
Unified threat management market is a market comprising of products and services for multifaceted network security issues, used primarily by small or midsize businesses (SMBs) and small offices home offices (SOHOs). UTM market serves these businesses by providing a number of functions such as standard network firewall, remote access to the network, web security gateway functions (content and URL filtering, anti-malware), prevention from network invasion, and much more in a single package. The many features encompassed by UTM products and services combined with their cost effective nature prompts easy adoption by small and midsize businesses.
Most UTM products and services also feature many other commonly required security capabilities such as data loss prevention, applications firewalls, or email security. While most SMBs do not enable these functions, features such as browser-based network management and built-in support for wireless LAN, which are rarely used by large enterprises, are highly valued by the chief end-users of UTM market – SMBs and SOHOs.
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Analysts estimate that the global UTM market had a net worth of more than US$1.5 billion in 2013. The market is growing at an estimated CAGR of 15% for the past few years. Rapid adoption of UTM products and services from an extended set of application areas will allow the market to continue growing at a similar pace for the next four to five years as well.
UTM Market: Positive and Downward Trends
The global UTM market is observing many positive trends that are capable of driving the market in the long run. These factors include the global rise in number of small enterprises (fewer than 100 headcount) which buy their first UTM products and lead to fresh demands for the market, the trend of continually replacing old UTM products with newer versions due to product ageing or high-speed internet connectivity demands, and the rising prevalence of advanced targeted threats in the global marketplace.
However, the set of features possessed by the most popular UTM services – cloud-based secure web gateway services, are mostly limited only to HTTP traffic and secure sockets layer. Thus these services can easily be replaced by a simple firewall or router in business with relatively less security issues. The increased use of smartphones, tablets computers and laptops in the enterprise infrastructure moves most of the internet traffic from small businesses to traditional data service providers. Also, as midsize businesses rise to the levels of enterprise size, their security needs get more complex, making features of UTM appliances fall short of the growing security needs. These factors can have a collective downward effect on the global UTM market.
Global UTM Market: Popular Market Segments
Currently, the market segment of UTM centralized consoles are the most popular UTM devices in larger organizations due to their capability of enabling security to an entire infrastructure. UTM centralized consoles eradicate the need for maintaining websites or gateways separately, thus these devices help in reducing costs, making deployment easy, enhancing simplicity of the entire network architecture and easing troubleshooting.
Geographically, the regional UTM market of North America is the one that generates the major share of revenues of the overall market. Popularity of UTM market in this region can be attributed to the increasing demands from the payment card industry, an industry that has a pressing need for intrusion prevention mechanisms and firewalls.
UTM market: leading businesses
Some of the key businesses operating in the global UTM market include international companies such as Dell Inc., Cisco Systems, IBM, Juniper Networks, WatchGuard Technologies, Checkpoint Software Technologies, Hewlett-Packard Corporation, Sophos, Barracuda Networks, Inc, Cyberoam Technologies, and Fortinet, Inc. among others. Analysts state that in the near future, many regional UTM businesses are expected to enter the global UTM market and heat up competition particularly in the cloud based and managed UTM market segments. This may prompt global UTM businesses in continuously focus on development of innovative products.
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