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Unified Threat Management Market is Projected to Hit USD 10.9 Billion at a CAGR of 11.20% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, USA, May 08, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Unified Threat Management Market, By Component, By Deployment, By Organization Size, By Vertical  – Forecast Till 2030”, the market is anticipated to acquire a valuation of approximately USD 10.9 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 11.20% during the assessment timeframe.

Unified Threat Management Market Analysis

The unified threat management market is likely to witness significant growth. Various organizations are boosting their investments to accelerate user growth, augmenting a robust creator economy.

Key Players

Prominent unified threat management market players include

  • Huawei Technologies Co. Ltd.
  • Cisco Systems Inc.
  • IBM
  • Hewlett Packard Company
  • Sophos Group plc.

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Unified Threat Management Market Report Scope:

Report Metric Details
  Market Size By 2030 USD 10.9 Billion
  Growth Rate CAGR of 11.20% from 2022-2030
  Base Year 2021
  Growth Period 2022-2030
  Key Market Opportunities The vendors are updating the UTM solutions at every small interval which increases the unified threat management market opportunities for improving their performance and fulfilling the needs of end-users.
  Key Market Drivers regulatory use of data breaches helps in evolving the unified threat management market growth.

Unified threat management (UTM) capabilities, also known as a Next-Generation Firewall (NGFW), provide multiple security features and services to protect devices and services on the network from security threats in a simplified way. UTM functions include antivirus, anti-spam, content filtering, and web filtering solutions.

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IT teams face significant challenges in protecting their companies’ digital assets against evolving and sophisticated threats, including spam & phishing attacks, viruses, trojans & spyware-infected files, unapproved content, and unapproved website access. UTM solutions address these challenges with limited budgets and resources. Implementing unified threat management capabilities helps secure multiple devices designed to perform a specialized function, including spam filtering and web content filtering/antivirus protection.

Industry Trends

The increasing adoption of IoT and artificial intelligence across various domains drive the unified threat management industry. Besides, the market growth is predominantly driven by factors such as increasing cases of data breaches, malicious actors operating from anywhere in the world, growing convergence between cyberspace & physical systems, and the difficulty in reducing vulnerabilities in complex cyber networks. 

The growing number of ransomware attacks and the rising sophistication of cyberattacks are major unified threat management market drivers. Over the past few years, cybercrime and scams have increased significantly, causing massive losses to businesses. However, shortages of unified threat management professionals and budget constraints among SMEs and start-ups in developing economies are two major factors impeding market growth. 

The rise in cyber fraud and cyberattacks will be a major driving force in the market. When malicious code is unintentionally downloaded on a computer or mobile device, it exposes users to various risks. Also, high investments required for unified threat management development hamper the market growth. Budgets assigned to meet cybersecurity needs are not keeping pace with the number of attacks. Emerging businesses in MEA, Latin America, and APAC frequently struggle to find suitable funds to implement cybersecurity solutions. 

A lack of capital finance and security professionals can be a significant barrier to adopting a cybersecurity approach for certain small and medium-sized businesses. The increase in targeted assaults globally and a rise in malware and phishing attacks boost the market demand. As cybercrime has skyrocketed, businesses worldwide have increased spending on cutting-edge information security solutions to strengthen their internal security infrastructures.

The rise in demand for cloud-based unified threat management solutions offers significant market opportunities. Because of its dependable and adaptable architecture, the concept of cloud computing is widely used. Cloud solutions are increasingly becoming popular among enterprises because they simplify data storage and provide users with access to limitless computing capacity via remote servers accessible via the Internet. 

Segments

The global unified threat management market is segmented into components, deployments, organization size, verticals, and regions. The component segment is sub-segmented into hardware and software. The deployment segment is sub-segmented into on-premise and on-cloud. The organization size segment is sub-segmented into SMEs and large enterprises. The vertical segment is sub-segmented into BFSI, government, utilities, retail, and others. By regions, the UTM market is sub-segmented into the Americas, Europe, Asia-Pacific, and the Rest-of-the-World.

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Regional Analysis

North America dominates the global unified threat management market. With the increased internet use in countries such as the United States and Canada, cybersecurity technologies are expected to grow in popularity. Besides, growing deployments of sophisticated cybersecurity technologies in prominent banks such as JP Morgan Chase, Citibank, and Bank of America boost the UTM market size, providing round-the-clock protection against hackers. 

Furthermore, the growing wireless infrastructure for portable devices increases data risk, making security a necessary and critical aspect of any firm in the region. The unified threat management market in the Asia-Pacific region is growing rapidly. Rapid industrialization and the increasing adoption of digital transactions create a vast demand for UTM solutions. Furthermore, rising security threat awareness and expanding IT security systems in developed & developing countries contribute to market growth.

Competitive Landscape

The unified threat management market includes tier-1, tier-2, and local players, having a global reach and diverse product portfolios. Technology developers focus on creating personalized solutions and standard products to cater to customers’ needs. UTM solution providers prioritize investments in advanced technologies, robust R&D projects, and strategic partnerships. 

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These companies are focusing on aggressive marketing growth, promotions, and participation in trade shows to strengthen their market positioning. Major unified threat management market players invest in R&D and marketing strategies such as partnerships & collaborations, mergers & acquisitions, product launches, and developments to expand their market footprint and acquire more clients.

For instance, on Apr.18, 2023, Vega Reederei GmbH & Co. KG (Germany), a leading operator of container ships, tankers, and bulk carriers, announced a partnership with Inmarsat to enhance cyber security across its fleet. Inmarsat offers global coverage and cyber-security capabilities through Fleet Xpress and Fleet Secure UTM.

Inmarsat’s cyber unified threat management is connected to its Global Xpress Ka-band satellite communications and L-band backup solutions through Fleet Xpress services, covering Fleet Secure. Under the new agreement, Inmarsat will install its UTM across Vega Reederei’s fleet of vessels. Vega is being proactive in protecting its connected fleet safe against growing cyber threats through these installations.

The Asia Pacific area now dominates the worldwide live streaming market, led by a large user base. Furthermore, the proliferation of live video-streaming services and increased customer demand for live streaming over traditional television channels boost the market growth.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
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Press Release: https://www.marketresearchfuture.com/press-release/unified-threat-management-industry

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Artificial Intelligence

Doosan Robotics Unveils Max-Powered ‘PRIME-SERIES’ of Collaborative Robots at Automate 2024

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The New P-SERIES Unleashes Efficiency with a 30 Kilogram Payloadand the Longest Reach of Any Cobot to Date
CHICAGO, May 6, 2024 /PRNewswire/ — Doosan Robotics Inc., one of the world’s leading collaborative robot (cobot) manufacturers, unveiled its newest and most powerful P-SERIES (PRIME-SERIES) today at Automate 2024, bringing to the world of robotics the longest reaching cobot to date.

Today’s P-SERIES announcement by Doosan Robotics was marked by a show floor unveiling of the new P3020 – the world’s most powerful cobot for palletizing in existence. The P3020 offers a payload of 30kg (60lbs) and reach of 2,030mm (80in), bringing the ability to palletize from floor to 2m high (stacking up to 10 layers of boxes approximately 8 inches tall) using its simple fixed base without a lift.
Doosan Robotics has successfully dominated the high-payload cobot market in the 20kg range and above, which includes advanced palletizing solutions. Since launching the H-SERIES in 2022, Doosan Robotics has attracted major global customers such as Schiphol Airport and Wacker Korea, significantly enhancing its global market share by 72%. This year, with the introduction of the P-SERIES, the cobot featuring the highest payload and reach yet, expectations are set to soar beyond previous achievements.
Additional key features of the P-SERIES cobot lineup include lower power consumption compared to similar payload cobots by applying its built-in gravity compensation mechanism, inherent wrist-singularity free, and a 5 degree-of-freedom movement with the 4th axis removed and 6th axis speed increased to 360 degrees/second. Doosan Robotics’ continued priority on optimal safety across its solutions is also fully present in the new P3020. This includes achieving the highest PL (e) and Cat 4 safety ratings to ensure both a max-powered and max-safety experience for users.
The motion platform company’s newly unveiled P3020 palletization cobot will be on full display (Booth #850) at Automate 2024 (May 6-9), alongside the company’s ready-to-sell solutions with best-in class partners in Machine Tending, Palletizing, Welding, and Food & Beverage services.  
Driven by its vision to elevate everyday experiences and redefine labor workflows, Doosan Robotics provides a wide, exceptional range of AI cobots aimed to bring about a paradigm shift across various sectors, such as palletizing, manufacturing, logistics, food & beverage, architecture, and service industries. These cutting-edge solutions transcend the constraints of conventional robotics, adeptly maneuvering through intricate scenarios while infusing tasks with enhanced efficiency, safety, and ingenuity. Moreover, the AI system boasts continuous learning capabilities, effortlessly updating its model by autonomously downloading required modules for smooth integration.
“As a motion platform company, Doosan Robotics is meeting the ever-growing need for cobots to mimic human motion, powerfully and safely,” said William Ryu, CEO at Doosan Robotics. “The robotics industry continues to grow at an exponential pace and our lineup of software, cobots and AI differentiates us in our mission to develop cobots with a ‘max-powered, max-efficiency, max-safety’ mindset.”
For more details and videos on the new P3020 cobot by Doosan Robotics, please visit the Doosan Robotics YouTube channel here. For more info, images, and other assets regarding Doosan Robotics’ Automate 2024 overall presence, please visit the press kit here or contact [email protected].
ABOUT DOOSAN ROBOTICSDoosan Robotics is a global leader in collaborative robot solutions, embodying the principle of ‘Innovation in every motion, revolutionizing the way we work.’ Doosan robots, known for world-class safety and precision, enhance task efficiency across various sectors from manufacturing to service, enabling people to focus on more valuable work. More information about Doosan Robotics is available at https://www.doosanrobotics.com/en/.
 
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Enghouse announces expansion of our cloud contact center technology in the Middle East through our partnership with Voxtron

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MARKHAM, ON, May 6, 2024 /PRNewswire/ — Enghouse Interactive, a global leader in contact center and video technology solutions, is proud to announce a strategic partnership with Voxtron, the premier provider of call center solutions in the Middle East. This collaboration is marked by Voxtron’s introduction of the innovative Voxvantage Cloud Contact Center as a Service (CCaaS), leveraging advanced contact center technology from Enghouse.

The Official Launch will take place at the Grand Hyatt Dubai. Industry participants and media are invited to RSVP to attend by emailing [email protected].
Date: 9th May 2024 Time: 6:00 PM to 10:00 PM Venue: Grand Hyatt Dubai, RSVP: [email protected]
Voxvantage CCaaS marks a significant advancement for Enghouse Systems, underscoring a commitment to enhancing customer experiences throughout the region. Hosted on the robust data center infrastructure of Moro Hub, Voxtron guarantees exceptional reliability, security, and scalability.
The launch will feature distinguished speakers, including Tracy Reynolds, Canadian Consul General in Dubai, Vincent Mifsud, Global President of Enghouse Systems, and Arif AlMalik, Chief Digital Products Officer of Moro Hub. They will explore the transformative potential of contact solutions in improving customer experience (CX) in the Middle East.
Mr. Mifsud expressed his enthusiasm about the partnership, stating, “We are excited to collaborate with Voxtron and Moro Hub. This partnership is crucial as we aim to provide our call center technology, enhance our presence across the Middle East by providing customers with leading technology that improves customer experiences.”
The event will also offer excellent networking opportunities and insightful discussions on the future of customer engagement solutions.
About Enghouse Interactive: 
Enghouse Interactive, a subsidiary of Enghouse Systems Limited, is a global leader in contact center software and video technology solutions offering its customers and partners the valuable advantage of choice. Enghouse Interactive empowers businesses to transform contact centers from cost centers into powerful growth engines by simplifying complex integrations through open standards and supporting various telephony technologies to ensure seamless customer accessibility across channels and locations. 
About Voxtron: 
Voxtron Middle East is headquartered in Dubai, U.A.E., and has a global presence with offices and affiliates in Qatar, India, Germany, Austria, Belgium, Italy, Turkey, Tunisia, Hong Kong, Portugal, and Thailand. Voxtron has been delivering cost-effective customer engagement optimization solutions in collaboration with leading technology vendors such as Enghouse Interactive, SAGE, Verint, and Clarabridge, for over a decade. This extensive portfolio positions Voxtron as a unique provider capable of delivering complete, fully-featured solutions to customers and partners.
Enghouse Video Contact: Tim Peters, VP, Global Demand Generation Leader, Enghouse Systems, [email protected]
 

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Appdome Named “Editor’s Choice for Mobile App Security” in Coveted Global InfoSec Awards during RSA Conference 2024

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Appdome Wins in 12th Annual Global InfoSec Awards at #RSAC 2024
SAN FRANCISCO, May 6, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile app defense, is proud to announce it has won Editor’s Choice for Mobile App Security from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine.

The Appdome platform is the first and only full lifecycle mobile app defense platform to automatically build, monitor and respond with any or all of 300+ mobile app defenses including security, anti-fraud, anti-malware, anti-cheat, anti-bot, geo compliance and social engineering for any mobile app in minutes with no SDK or coding required – all within the CI/CD pipeline. As a mobile app security engine for DevOps, Appdome enables mobile app developers, even those lacking security expertise, with an easy and fast way to secure all Android & iOS apps without any additional work. By automating security in the mobile pipeline, Appdome eliminates the cost and complexity of manually coding security, fraud and compliance features so mobile brands can confidently ship secure mobile apps faster with always-on protections to meet their critical mobile business needs.
“We’re proud to be recognized as Editor’s Choice for Mobile App Security by Cyber Defense Magazine in its 12th year of awarding the most prestigious and coveted cybersecurity award in the world,” said Tom Tovar, co-creator and CEO of Appdome. “With organizations battling unnecessary complexity from point products, the Appdome platform approach to mobile defense is leading the way to unify 300+ protections across security, anti-fraud, bot defense, mobile EDR, and compliance for all internal (employee) and external (consumer) facing mobile applications under a single pane of glass.”
“We scoured the globe looking for cybersecurity innovators that could make a huge difference and potentially help turn the tide against the exponential growth in cyber-crime. Appdome is absolutely worthy of Editor’s Choice for Mobile App Security coveted award and consideration for deployment in your environment,” said Yan Ross, Global Editor of Cyber Defense Magazine.
Appdome and all award winners located here: http://www.cyberdefenseawards.com/
Appdome continues to deliver waves of innovation in 2024 including:
Appdome Unveils World’s first Agentless Mobile EDR & MTDAppdome MOBILEBot ProtectionAppdome World’s First Real-Time Defense for Social EngineeringAppdome Revolutionizes Geo Defense for Mobile BrandsPlease join Appdome at the RSA Conference 2024 booth #2339 to see the award winning Appdome Platform in action!
Learn more at www.appdome.com.
About AppdomeThe Appdome mission is to protect every mobile app in the world and the people who use mobile apps in their lives and at work. Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
About Cyber Defense MagazineCyber Defense Magazine is the premier source of cyber security news and information for InfoSec professions in business and government. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products, and services in the information technology industry. We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at https://www.cyberdefensemagazine.com and visit https://www.cyberdefensetv.com and https://www.cyberdefenseradio.com to see and hear some of the most informative interviews of many of these winning company executives. Join a webinar at https://www.cyberdefensewebinars.com and realize that infosec knowledge is power.
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