Unified Threat Management Spend to Surge to $14.8 Billion Globally by 2028, as the Threat Landscape Intensifies
June 2023 by Juniper Research
A new study from Juniper Research, the foremost experts in cybersecurity, has found spend on unified threat management by enterprises will increase by 98% between 2023 and 2028 globally, from $7.5 billion in 2023.
As the cyberthreat landscape becomes more complex, with growing enterprise cloud adoption, IoT devices being used, and AI powering new threats, unified threat management is necessary for enterprises to stay secure. Consequently, we anticipate increasing levels of investment by enterprises, as they acknowledge the expanding threat landscape.
Unified threat management is an approach to information security where a single hardware or software installation provides multiple security functions. This contrasts with the traditional method of having point solutions for each security function and therefore, it simplifies protection.
Find out more about the new report, Unified Threat Management Market: Trends, Strategies & Market Forecasts 2023-2028, or download a free sample.
Top Unified Threat Management Vendors Ranked
As part of the study, Juniper Research released its latest Competitor Leaderboard for 2023. Underpinned by a robust scoring methodology, the new Competitor Leaderboard ranked the top 17 unified threat management platforms, using criteria such as completeness of their solutions and future business prospects.
The top 5 vendors for 2023:
2. Cisco Umbrella
3. Juniper Networks
5. Palo Alto Networks
The research found the leading players scored well based on their breadth of protection capabilities, as well as their use of AI for managing evolving threats and coordinating responses. In order to stay ahead of the competition, vendors must develop advanced SASE (Secure Access Service Edge) solutions, which enable local and remote services to be protected with the same security and networking policies, to further advance security.
Report co-author Nick Maynard explained: “Enterprises want to minimise risk, whilst increasing value from IT spend. Unified threat management enables enterprises to collate and act on information in a single location, reducing complexity and cost. The best vendors will leverage AI to reduce manual requirements and increase the return on investment for businesses.”