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With the rise in demand for fossil fuels, the global underwater connectors market will witness a sizeable transformation in the years to come. Investment in deep-sea explorations for new reservoirs & surveys as well as raising defense budget for expanding the naval fleet will proliferate the development of underwater connectors market. The industry expansion is likely to be further bolstered with the increasing penetration of cybersecurity and the consistent spate of deep-sea mining and oil & gas exploration projects.
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Unified Threat Management Market Growth During Forecast Period.
KeyInsights from Unified Threat Management Market : • Unified Threat Management Market is expected to grow at rapid pace in the coming years on account of technological advancements such as cloud computing, IoT, and SD-WAN. • UTM has optimized many hardware & software components, which can simultaneously perform many functions including antivirus, virtual private networking, firewall, URL filtering, spam blocking, spyware protection, and intrusion detection & prevention. The agile security and changing networks need a more flexible threat management system. • UTM is a single system that can manage different security functions from one place so that, the cost for the overall network security infrastructure is relatively low as compared to the traditional network security systems. UTM results in reduced hardware as compared to traditional security systems, reducing the overall installation cost and time.
Continued… • The maintenance & operating costs of UTM are less, helping enterprises maintain the network security cost low. Many SMEs need robust security solutions at lower cost. UTM proves to be highly effective for such businesses to minimize the cost spent on securing their IT infrastructure. A single vendor can handle the whole network security infrastructure, leading to single licensing and more continuity. • North America has accounted for the largest market share in the UTM market due to the early realization of cybersecurity threats such as data breaches. In 2018, Facebook faced the biggest data breach with 50 million user accounts getting accessed by attackers, which raised questions on enterprise-level cybersecurity measures. Also, large-scale financial institutes such as banks are attracting more and more vendors to the North America region.
Latest Research Unified Threat Management Market @ https://www.gminsights.com/industry-analysis/unified-threat-management-utm-market Request for a table of contents this research report @ https://www.gminsights.com/request-toc/upcoming/3196
Major Companies Unified Threat Management Market : • Cisco • Dell SonicWALL • Barracuda Networks • McAfee • Trend Micro • Juniper Networks
Regional Insights Unified Threat Management Market North America has accounted for the largest market share in the UTM market due to the early realization of cybersecurity threats such as data breaches. In 2018, Facebook faced the biggest data breach with 50 million user accounts getting accessed by attackers, which raised questions on enterprise-level cybersecurity measures. Also, large-scale financial institutes such as banks are attracting more and more vendors to the North America region. Asia Pacific has shown the highest growth rate as developing countries including India and China are focusing more on digital transformation. India is contributing more to this growth as the initiatives by the Indian government, such as Digital India, Financial Inclusion, and Startup India, are contributing to the growing demand for more IT network infrastructure for government institutions.
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