Rising demand for on-premise SMS firewalls, and increasing regulations by governments of various countries to protect user rights and data from theft are some key factors driving market revenue growth
Market Size – USD 2.24 Billion in 2021, Market Growth – at a CAGR of 10.5%, Market Trend – Increasing demand for SMS firewalls for optimizing user experience and protecting user data
The global SMS firewall market size was USD 2.24 Billion in 2021 and is expected to register a revenue CAGR of 10.5% during the forecast period, according to latest report by Reports and Data. Rising demand for on-premise SMS firewalls and increasing regulations by governments of various countries to protect user rights and data from theft are the key factors expected to drive market revenue growth during the forecast period. Increasing demand for SMS firewalls to improve and optimize network user experience and protect their data is expected to drive revenue growth of the market between 2022 and 2030.
The on-premise mode of deployment for SMS firewalls is being widely used in several sectors, to obtain greater control over the security of network SMS traffic. Additionally, on-premise SMS firewalls are more robust due to the on-site presence of hardware, software, and applications. These factors are expected to increase adoption of SMS firewalls and drive revenue growth of the market. However, maintaining dynamic SMS traffic can be a challenging task, and moreover, cases of international cyberattacks are increasing with the advent of technology, which are some major factors that could hamper revenue growth of the market. Additionally, the on-premise firewall mode has limited scale-up opportunities, which could also hamper market revenue growth over the forecast period.
Companies profiled in the global market report include Comviva, Mobileum Inc., Belgacom ICS (BICS), AMD Telecom S.A., Tata Communications, Infobip Ltd., Proofpoint, Inc., Tango Telecom Ltd, Cellusys, and Syniverse Technologies LLC.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1144
Some Key Highlights in the Report
P2A (Person-to-Application) messaging segment is expected to register a steady revenue growth rate over the forecast period. Rising demand for computer-generated solutions providers for improved efficiency and reduced human dependency is expected to drive revenue growth of this segment. P2A messaging is an essential system in various sectors, such as banking, healthcare, and utilities & logistics, as it helps to provide users with automated, machine-generated notifications or services that users can request through codes or word sets, which is expected to increase its adoption and support revenue growth of this segment.
Cloud segment is expected to register a steady revenue growth rate over the forecast period. Use of cloud SMS firewalls by Mobile Network Operators (MNOs) for maintaining SMS traffic in various industries, such as healthcare and education, is increasing. Additionally, rising adoption of sustainable third-party SMS firewalls, due to the ease of scaling provided by them, is expected to drive revenue growth of this segment in the near future.
The market in North America is expected to register a steady revenue CAGR over the forecast period. Rapid growth in education and government sectors is increasing demand for SMS firewalls, which is driving North America SMS firewall market revenue growth. Robust presence of various telecom operators in countries in the region is also expected to support market revenue growth in North America.
In December 2021, Belgacom International Carrier Services (BICS), an international enabler of communications, announced its acquisition of 3m Digital Networks Pvt. Ltd., a specialist in the Communication Platform-as-a-Service (CPaaS), by BICS Singapore. This acquisition is expected to accelerate delivery of various cloud-based omnichannel communication services and expand the Software-as-a-Service (SaaS) portfolio of BICS.
For the purpose of this report, Reports and Data has segmented the global SMS firewall market based on SMS type, deployment modes, end-use, and region:
SMS Type Outlook (Revenue, USD Billion; 2019-2030)
A2P (Application-to-Person) Messaging
P2A (Person-to-Application) Messaging
Deployment Modes Outlook (Revenue, USD Billion; 2019-2030)
End-use Outlook (Revenue, USD Billion; 2019-2030)
Banking, Financial Services, Insurance
IT & Telecom
Utilities & Logistics
Retail & Commerce
Media & Entertainment
Regional Outlook (Revenue, USD Billion; 2019-2030)
Middle East & Africa
Key Advantages of SMS Firewall Report:
Identification and analysis of the market size and competition
Qualitative and quantitative analysis of the market data
Data validated by industry experts after extensive primary and secondary research
Extensive regional analysis of the SMS Firewall industry
Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
Feasibility analysis and investment analysis to enable strategic investment decisions
Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the SMS Firewall market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
Browse More Reports:
Plant-based Meat Market By Product, By Source, By Storage, By Type, By End-use, and By Region Forecast to 2030
Meal Replacement Market, By Product Type, By Application, By Distribution Channel, and By Region Forecast to 2030
Feed Acidifiers Market By Type, By Nature, By Form, By Compound, By Livestock, and By Region Forecast to 2028
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States