Unified Threat Management Market to Reach US$ 10.99 Billion by 2029, Growing at a CAGR of 11.32%
Unified Threat Management Market to Surge at 11.32% CAGR, Projected to Reach US$ 10.99 Billion by 2029 Amid Rising Cyber Threats and IoT Adoption As digital transformation accelerates across the globe, the demand for robust, consolidated cybersecurity solutions has reached critical levels. A new comprehensive market research report reveals that the Unified Threat Management (UTM) Market , valued at US$ 5.19 Billion in 2022 , is on a strong upward trajectory. The market is projected to nearly double in size, reaching US$ 10.99 Billion by 2029 , expanding at a notable Compound Annual Growth Rate ( CAGR ) of 11.32% during the forecast period of 2023–2029. This significant growth is driven by the escalating sophistication of cyberattacks, the rapid proliferation of the Internet of Things (IoT), and the increasing need for cost-effective, all-in-one security architectures among Small and Medium-sized Enterprises (SMEs) and large corporations alike. ...