Global SMS Firewall Market was valued US$ 1.2 Bn in 2019 and is expected to reach US$ 3.2 Bn by 2027, at CAGR of 13.04% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Growing security and confidentiality concerns across the globe, stringent guidelines, improved implementation of A2P SMS, and increasing focus on preventing revenue loss because of grey routes are the main factors that are driving the implementation of SMS firewall solutions. However, lack of awareness, operators’ focus on quick Return on Investment (ROI), and the vulnerabilities in the existing signaling systems are acting as the challenges in the implementation of SMS firewall solutions. Growing security and privacy concerns may act as a major driver in the growth of globalSMS firewall market.
On the basis of messaging platform segment, cloud messaging platform is projected to grow at a higher rate in the SMS firewall market during the forecast period. Mobile Network Operators (MN0s) and SMS aggregators are implementing cloud messaging platforms for the deployment of global SMS firewall solutions. Earlier time to market, minor working costs, high scalability, and better customer knowledge are some of the main benefits MNOs and SMS aggregators are experiencing through the implementation of cloud-based global SMS firewall solutions.
On the basis of SMS Type segment, A2P messaging segment is projected to grow at a higher rate in the SMS firewall market during the forecast period. The request for A2P traffic is witnessing a strong growth across enterprises. Various industry verticals such as banking, finance, government, healthcare, and eCommerce are adopting A2P messages for communication purposes. Enterprises can use A2P SMS for marketing and promotional messages, confirmation, alerts, and notifications. A2P messaging makes it very cost active to communicate with customers.
Scope of Global SMS Firewall Market:
Global SMS Firewall Market by SMS Type:
• A2P Messaging
• P2A Messaging
Global SMS Firewall Market by SMS Traffic:
• SMS Exchange
• International Exchange
Global SMS Firewall Market by Messaging Platform:
Global SMS Firewall Market by Services:
• A2p SMS
• SMS fraud
• Send routing info
• Signaling errors
Global SMS Firewall Market by Organizations:
• Small and medium – size enterprises (SMS)
• Large – size enterprises
Global SMS Firewall Market by End-user:
• Government sector
• Industrial sector
• Media and entertainment sector
Global SMS Firewall Market by Region:
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operated in Market Include:
• Route Mobile Limited
• Anam Technologies
• Mahindra Comviva
• Tata Communications
• Syniverse Technologies
• AMD Telecom S.A.
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