MOUNTAIN VIEW, Calif., Oct. 28, 2015 /PRNewswire/ -- The global next-generation firewall (NGFW) and unified threat management (UTM) market is set for further growth as late adopters realize the importance of next-generation features and early adopters begin to upgrade initial deployments. While NGFW and UTM solutions have earned a permanent place in enterprises, solution providers must incorporate additional features such as secure sockets layer (SSL) inspection, to keep pace with the changing threat landscape.
New analysis from Frost & Sullivan, Analysis of the Global Next-Generation Firewall and Unified Threat Management Market (http://www.frost.com/nf7a) finds that the market earned revenues of $3.89 billion in 2014 and estimates this to reach $6.99 billion by 2019.
For complimentary access to more information on this research, please visit: http://bit.ly/1MgHVCq
"Several regulations mandate the use of NGFW and UTM, though most businesses need no extra motivation to deploy these foundational security solutions," said Frost & Sullivan Network Security Senior Industry Analyst Chris Rodriguez. "NGFW and UTM platforms address a glaring shortcoming found in traditional network firewalls, providing visibility into application layer network traffic to thwart threats."
With the deluge of new attacks altering security practices across businesses, NGFW and UTM providers must continue to anticipate customer demands and design security features accordingly. Furthermore, the emergence of pure-play security technologies complicates the product development process and intensifies market competition. Vendors need to broaden the scope of their research activities to stay ahead of the curve.
Adding cutting-edge security capabilities such as advanced persistent threat (APT) sandboxing will unearth novel opportunities for growth. Moreover, vendors must optimize hardware and software platforms to handle increased network loads and encrypted traffic.
"Businesses are investing in virtual networks, data centers and machines, as well as public and private cloud environments," observed Rodriguez. "Hence, NGFW and UTM market participants should offer a full range of hardware and virtual appliances to support different network sizes, types and requirements."
With the evolution of sophisticated threats pushing the boundaries of security systems, mergers and acquisitions will be critical for solution providers to widen the breadth of their functionalities in the global NGFW and UTM market.
Analysis of the Global Next-Generation Firewall and Unified Threat Management Market is part of the Network Security (http://ww2.frost.com/index.php/research/industry/information-communications-technologies/network-security/) Growth Partnership Service program. Frost & Sullivan's related studies include: Vulnerability Management (VM) - Global Market Analysis, Network Security Sandbox Market Analysis, Global Intrusion Prevention System Market, and Security Information and Event Management (SIEM) and Log Management Global Market Analysis. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Analysis of the Global Next-Generation Firewall and Unified Threat Management Market
Corporate Communications – North America
E: [email protected]
SOURCE Frost & Sullivan