At 12.3% CAGR, Asia Pacific Unified Threat Management Market is Projected to be Worth US$ 3,293.79 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific unified threat management market was valued at US$ 1,304.73 million in 2022 and is expected to reach US$ 3,293.79 million by 2030, registering a CAGR of 12.3% from 2022 to 2030. Expansion of telecom industry and digitalization in healthcare are among the critical factors attributed to the Asia Pacific unified threat management market expansion.

There is a rise in demand from consumers for high-speed internet and better connectivity of devices. Small and large businesses are digitalizing to increase output and simplify their processes and workflow. Due to the rise in demand for better connectivity, governments of several countries are investing in strengthening their telecom sector.

There is a rise in the telecom industry in the developing economies. For example, according to Invest India, PLI Schemes under Atmanirbhar Bharat Abhiyan have been introduced for encouraging the manufacturing of telecom and networking products. In addition, internet connections experienced a growth of 232% in June 2022 compared to March 2014. Thus, such growing investment by the government to boost digitalization and build robust telecommunication infrastructure fosters the growth of the telecom industry, which further generates the demand for enhanced security solutions. The network and device connection are exposed to several security threats. Therefore, several telecom industry market players adopt unified threat management solutions to safeguard the telecommunication networks.

On the contrary, growing number of integrated solution hampers the growth of Asia Pacific unified threat management market.

Based on component, the Asia Pacific unified threat management market is bifurcated into solution and services. The solution segment held 78.7% share of the Asia Pacific unified threat management market in 2022, amassing US$ 1,026.50 million. It is projected to garner US$ 2,698.02 million by 2030 to expand at 12.8% CAGR during 2022-2030.

In terms of deployment, the Asia Pacific unified threat management market is bifurcated into cloud and on-premise. The cloud segment held 74.6% share of the Asia Pacific unified threat management market in 2022, amassing US$ 973.10 million. It is estimated to garner US$ 2,598.21 million by 2030 to expand at 13.1% CAGR during 2022-2030.

By enterprise size, the Asia Pacific unified threat management market is bifurcated into large enterprises and SMEs. The large enterprises segment held 70.9% share of Asia Pacific unified threat management market in 2022, amassing US$ 925.16 million. It is predicted to garner US$ 2,289.50 million by 2030 to expand at 12.0% CAGR during 2022-2030.

In terms of end users, the Asia Pacific unified threat management market is segmented into BFSI, manufacturing, healthcare, retail, government, IT & Telecom, and others. The IT & Telecom segment held 24.9% share of the Asia Pacific unified threat management market in 2022, amassing US$ 324.28 million. It is estimated to garner US$ 845.44 million by 2030 to expand at 12.7% CAGR during 2022-2030.

Based on country, the Asia Pacific unified threat management market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 25.5% share of Asia Pacific unified threat management market in 2022, amassing US$ 332.31 million. It is projected to garner US$ 908.44 million by 2030 to expand at 13.4% CAGR during 2022-2030.

Key players operating in the Asia Pacific unified threat management market are Fortinet Inc; Sophos Ltd.; Juniper Networks Inc; Cisco Systems Inc; Huawei Technologies Co Ltd; Barracuda Networks, Inc.; WatchGuard Technologies Inc; and Check Point Software Technologies Ltd, among others.

2023: WatchGuard Technologies, a global leader in unified cybersecurity, announced further expansion of its presence in India, with a new office in Noida, capable of supporting the company's aggressive hiring plans in the region. The site continues to be a core engineering hub for the development of the WatchGuard Unified Security Platform architecture. The company plans to double its employees in this location in the upcoming year.


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