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Frequent cyber security attacks drive the growth of the unified threat management market

Press release July 4, 2014 Unified threat management market, utm market, utm market share

The report covers the present scenario and the growth prospects of the global unified threat management market for the period 2014-2018.

As the amount of online data increases at an alarming rate, organizations worldwide face the challenge of securing their network systems and data. The unified threat management market collaborates multiple security technologies including intrusion prevention, anti-spyware, anti-virus, content filtering and anti-spam software into a single network device which enables businesses to operate with a lower cost of ownership without having to deploy multiple points products from specialized vendors. This also means that the unified threat management (UTM) market needs to remain innovative since customers are known to continually adopt and employ newer technologies that have greater security requirements.

This report: Global Unified Threat Management Market 2014-2018 highlights the present scenario and the growth prospects of the market for the forecast period of 2014-2018. The report analyzes the market and shares detailed insights about the key trends, the vendor landscape and a corresponding detailed analysis of the top seven vendors in the market, alongside throwing light on the future prospects of the market.

Market trends

The key purpose of UTM systems is to deliver a wide range of network protections, catering to both external and internal threats, to thus enable a single solution that assures data leakage prevention, data integrity, and privacy. These developed solutions are easy to deploy and can be customized to the infrastructures and configurations of the companies as required. More affordable than the combination of standalone security tools, with UTM, companies can use a single management console, thereby save time, space, cost, and energy consumption. The market has recently witnessed significantly increased product development as more vendors compete to release enterprise features like DLP, BYOD support, virtual appliances, anti-bot, DDOS prevention, and anti-rootkit – developments which are expected to boost the UTM market to rise from USD 2584.6 million in 2014 to USD 4445.7 million by 2019, recording a CAGR of 11.5% during the forecast period.

Challenges faced by the market

Despite the increased security, installation of multi-functional devices used in network firewalls slows down the network traffic because of multiple security rings, which ultimately impacts the performance of the network. Therefore, the revenue generated by the market vendors is eventually also affected. Moreover due to the increasing complexity of the nature of cyber-attacks, the market is witnessing an increased number of persistent threats that have the ability to disrupt the entire IT infrastructure of the organization. These advanced threats target the critical installations like government departments, web servers and customer databases and present one of the key challenges faced by the market. While security systems continuously adapt to cater to greater security needs, companies are always upgrading their technologies – this dynamic nature of the IT market thus presents one of the greatest challenges for the current UTM market.

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Unified threat management market, utm market, utm market share