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Demand for Advanced Security Drives Market Growth
NGFW and UTM solutions provide essential control and inspection of inter-network communications at important network boundaries. Vendors are continually adding cutting-edge security technologies to address rapidly changing threats and emerging technologies that increase risk in organizations of all sizes. Demand for NGFW and UTM capabilities shows potential for market growth. However, the high degree of technical change in the market may prove challenging for many vendors to navigate. The study provides competitive analysis, analysis of market trends, sales by vertical industry, region, distribution channels, customer size, and product type. The base year of the study is 2014, with forecasts up to 2019.
- The next generation firewall (NGFW) and unified threat management (UTM) market revenue for 2014 was $ billion and is expected to grow to $ billion by 2019.
- NGFW and UTM solutions provide essential network protections needed to defend against changing threats and networking technologies.
- The NGFW and UTM market has reached a current bright spot in market development as late adopters realize the imminent need for next generation features and early adopters begin to refresh their initial NGFW deployments.
o As a result, the NGFW and UTM market showed strong growth rates and has a healthy CAGR forecast.
o Strong growth in the NGFW and UTM market is an excellent sign. Businesses are no longer relying on legacy firewalls that are blind to application layer traffic.
- Leading vendors include Cisco, Check Point, Fortinet, and Palo Alto Networks.
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