At 8.3% CAGR, South & Central America Unified Threat Management Market is Projected to be Worth US$ 423.69 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America unified threat management market was valued at US$ 223.76 million in 2022 and is expected to reach US$ 423.69 million by 2030, registering a CAGR of 8.3% from 2022 to 2030. Integration of artificial intelligence and machine learning and increasing deployment of cloud technology are among the critical factors attributed to the South & Central America unified threat management market expansion.

The emergence of artificial intelligence (AI) technology has changed the way businesses used to work. The benefits of AI technology have encouraged various businesses to invest in it as they want quick solutions that can save time and avoid threats. AI and machine learning (ML) are great solutions to enable automated security tasks and responses. A unified threat management solution integrated with AI technology automates the tasks to speed up the time to handle sensitive threats.

Several companies are burdened with security data generated from multiple apps. If such data is left unfiltered, it makes it difficult to isolate the real threats. In such a scenario, a unified threat management software integrated with artificial intelligence filters out this data automatically, exposing the real threats in a real-time environment.

Unified threat management providers are leveraging artificial intelligence and machine learning to offer intelligent and predictive threat management capabilities and real-time threat monitoring capabilities. For instance, WiJungle, a cybersecurity startup, offers a unified security solution aided by artificial intelligence for offices, remote workforce, and the cloud. Unified threat management integrated with technologies such as AI and ML provides several benefits, such as automated threat response, behavioral analysis, scalability, resource optimization, cost reduction, user-centric security, and real-time analysis.

Thus, AI and ML is the future of the technology and is expected to become a game changer across various industries. Increasing adoption and developments in AI and ML will improve the cybersecurity scenario across organizations and become key to threat management solutions in the future.

On the contrary, growing number of integrated solution hampers the growth of South & Central America unified threat management market.

Based on component, the South & Central America unified threat management market is bifurcated into solution and services. The solution segment held 81.4% share of the South & Central America unified threat management market in 2022, amassing US$ 182.06 million. It is projected to garner US$ 353.08 million by 2030 to expand at 8.6% CAGR during 2022-2030.

In terms of deployment, the South & Central America unified threat management market is bifurcated into cloud and on-premise. The cloud segment held 69.7% share of the South & Central America unified threat management market in 2022, amassing US$ 156.03 million. It is estimated to garner US$ 312.44 million by 2030 to expand at 9.1% CAGR during 2022-2030.

By enterprise size, the South & Central America unified threat management market is bifurcated into large enterprises and SMEs. The large enterprises segment held 66.6% share of South & Central America unified threat management market in 2022, amassing US$ 148.96 million. It is predicted to garner US$ 276.43 million by 2030 to expand at 8.0% CAGR during 2022-2030.

In terms of end users, the South & Central America unified threat management market is segmented into BFSI, manufacturing, healthcare, retail, government, IT & Telecom, and others. The IT & Telecom segment held 23.9% share of the South & Central America unified threat management market in 2022, amassing US$ 53.38 million. It is estimated to garner US$ 104.37 million by 2030 to expand at 8.7% CAGR during 2022-2030.

Based on country, the South & Central America unified threat management market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 68.5% share of South & Central America unified threat management market in 2022, amassing US$ 153.27 million. It is projected to garner US$ 298.30 million by 2030 to expand at 8.7% CAGR during 2022-2030.

Key players operating in the South & Central America unified threat management market are Fortinet Inc, Sophos Ltd., Cisco Systems Inc, Juniper Networks Inc, Huawei Technologies Co Ltd, and Check Point Software Technologies Ltd, among others.

2023: Fortinet, the global cybersecurity leader driving the convergence of networking and security, announced an independent analysis of the cost savings and business benefits of deploying FortiGate Next-Generation firewalls (NGFWs) and FortiGuard AI-Powered Security Services within the enterprise data center, including more than 300% return on investment (ROI) over three years and payback in six months. Fortinet is also deepening its commitment to data center security with two new NGFW appliances: the FortiGate 3200F, which includes 380 Gbps of firewall throughput and 400GE interfaces to support hyperscale data centers, and the FortiGate 900G, which delivers 20 Gbps of threat protection in a compact form factor for the enterprise.



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