Unified Threat Management Market Is Estimated To Exhibit At USD 10.09 Billion By 2025Posted by Neha Bora on November 10th, 2023 San Francisco, 10 Nov 2023: The Report Unified Threat Management Market Size, Share & Trends Analysis Report By End Use (Telecom & IT, BFSI), By Component (Hardware, Virtual), By Enterprise Size (SME), By Service, By Deployment, And Segment Forecasts, 2019 - 2025 The global unified threat management market size is expected to reach USD 10.09 billion by 2025 at a CAGR of 14.5% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Unified threat management (UTM) solutions eliminate the need for enhanced technical support and require fewer updates and contracts to manage network. This helps the end users to increase IT staff productivity and minimize operational costs. Latest trends, such as Bring-Your-Own-Device (BYOD), web applications, and virtualization, have compelled enterprises to prepare for emerging security risks in their networks, in addition to the growing concerns of internal and external threats. Growing number of such threats is impelling enterprises to adopt UTM solutions. Moreover, these solutions are cost-effective and also have the ability to perform application-aware network tracking, scanning, and control. In addition, the solutions are easy to install & maintain and require lesser human intervention, which leads to further reduction in operational costs. All these factors are expected to drive the UTM market over the forecast period. Moreover, these solutions have multiple functionalities that allow consumers to reduce energy consumption and space. These benefits are further expected to contribute to the market growth. The key companies in the UTM market are focusing on developing advanced solutions that are aligned with the requirements of end users. Access Research Report of Unified Threat Management Market @ https://www.grandviewresearch.com/industry-analysis/unified-threat-management-utm-market Further key findings from the study suggest:
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