|By Business Wire||
|December 7, 2012 11:27 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/587qf5/global_unified) has announced the addition of the "Global Unified Threat Management Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Unified Threat Management market to grow at a CAGR of 15.86 percent over the period 2011-2015. One of the key factors contributing to this market growth is the consolidation of security technologies into a single networking device. The Global Unified Threat Management market has also been witnessing the increasing adoption of cloud-based UTM. However, the concerns about network performance could pose a challenge to the growth of this market.
The key vendors dominating this space are Check Point Software Technologies Ltd., Fortinet, Inc., Juniper Networks Ltd., and SonicWALL, Inc.
The other vendors mentioned in the report are Barracuda Networks Inc.,Elitecore Technologies Pvt. Ltd., and Trustwave Holdings.
Commenting on the report, an analyst from TechNavio's IT Security team said: "Over a period of time, there has been an increase in the number of cyber criminals targeting Small and Medium-sized Enterprises (SMEs). As SMEs are sluggish in adopting security solutions, cyber criminals are finding it easy to target them. Moreover, the majority of SMEs do not have their own IT team, and they are not aware about attack vectors. Therefore, most of the SMEs are adopting cloud-based unified threat management (UTM) solutions. Furthermore, with the advancement of cloud technology, the adoption of cloud-based UTM is increasing. As all the security features of UTM are incorporated into cloud-based UTM, it helps enhance the security in companies."
According to the report, with technological advancements, a need arises for network security to be incorporated with algorithms for better security. UTM embeds numerous network security solutions, and it has the ability to monitor and configure standalone solutions. UTM proves to be a cost-effective solution for numerous organizations where the financial factor plays an important role in the selection of a network security solution.
For more information visit http://www.researchandmarkets.com/research/587qf5/global_unified
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