The global UTM market is expected to upsurge due to its innovative features such as ease of deployment, ease of use, and its ability to integrate with other systems. It also protects organizations against various security and malware threats. The developing mechanization and urbanization across the globe are some of the major factors expected to drive market growth.
Government and private associations are adapting UTM to battle against malicious attacks. However, the integration of several security tools into a single network device is a major restraint on the market.
Contrarily, vendors are evolving their solutions to meet the requirement in terms of quality and feature keeping in mind the requirements of large organizations which make it more feasible and opportunistic for the market.
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The growing significance of cybersecurity because of the increasing prevalence of cyberattacks is required to drive the development of the global UTM software market in the expected time. Further, the rising prerequisite of threat management solutions in different associations for data classification is essentially adding to the expanded market size.
Increase in number of data breaches, regulatory compliance, support from advanced technologies and capability to provide security assurance will lead to fall in the market growth. Breach of sensitive business information can be a big problem, if the companies don’t invest in high quality protection systems. And to integrate various security tools in one framework requires high cost and time. It also reduces the performance of the security tool in traditional system.
Major players analyzed in the market include Cisco Systems Inc., Comodo Group Inc., Dell SonicWALL, Fortinet Inc., Hillstone Networks Inc., Huawei Technologies Co., IBM Corporation, Juniper Networks Inc., and SonicWALL Inc.
Impact of COVID-19 on Unified Threat Management Market:
1. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global unified threat management market in 2020.
2. Though governments have imposed lockdowns to contain spread of the virus, manufacturing and production units are at halt across the globe, which can affect the unified threat management market in the short run.
3. Unified threat management offers IT& Telecom companies various features such as URL filtering, web antivirus services, application control and user control services for increasing operational efficiency.
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