Posted on Friday, April 23rd, 2010 at 2:34 pm
Research from IT analyst Frost & Sullivan revealed that the market for UTM products experienced a growth rate of 32.2 per cent during 2008, but this slipped to 20.1 per cent as the recession took hold in 2009. However, the report predicted that the industry will recover strongly in the coming years and increase annual revenues from the $1.97 billion (£1.3 billion) recorded in 2009 to around $7 billion in 2016.
