According to the latest report by Reports and Data, the global SMS Firewall Market is predicted to reach USD 5.45 Billion by 2030, with a revenue CAGR of 10.5% over the forecast period. The market growth is attributed to the rising A2P messaging traffic and increasing adoption of SMS firewalls for monetizing SMS traffic. The increasing demand for SMS firewalls to analyze all A2P and P2P messages is also expected to support revenue growth of the market. Moreover, the rise in SMS traffic and entry of more spam and fraudulent messages have led to the increased adoption of SMS firewalls for protecting user data and rights.
The A2P messaging segment is expected to account for a larger revenue share over the forecast period. The on-premise segment is also expected to account for a larger revenue share in the global SMS firewall market between 2022 and 2030. The Asia-Pacific SMS firewall market is projected to account for the largest revenue share in the global market over the forecast period, driven by the rapid growth of the healthcare and banking financial industries, in which SMS firewalls play a crucial role.
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However, challenges in creating awareness among users about the need for SMS firewalls could hamper the market's revenue growth during the forecast period. The lack of technological knowledge among users of telecom networks has created challenges in designing and implementing SMS firewalls, which is expected to restrain revenue growth of the market.
Driving factors of SMS Firewall Market
The driving factors of the SMS Firewall Market include the growth of A2P messaging traffic, increasing adoption of SMS firewalls for monetizing SMS traffic, rising demand for SMS firewalls to analyze all A2P and P2P messages, increasing spam and fraudulent messages, and the need for protecting user data and rights. Additionally, the robust security provided by SMS firewalls to SMS traffic of all Mobile Network Operators (MNOs) is expected to drive market revenue growth. The increasing use of A2P messaging systems by different sectors, such as healthcare and banking, is also driving revenue growth of this segment. The rising demand for on-premise SMS firewall deployment by telecom operators to gain greater control over SMS traffic security is driving revenue growth of this segment. Moreover, the rapid growth of the healthcare and banking financial industries, in which SMS firewalls play an important part, is expected to drive market revenue growth in the Asia-Pacific region.
Some of the notable innovations in the SMS Firewall Market
Some notable innovations in the SMS Firewall market include the integration of machine learning and artificial intelligence (AI) technologies in SMS firewalls to improve the accuracy of message filtering and enhance overall security. Another innovation is the use of cloud-based SMS firewalls, which provide greater scalability and flexibility, and can be deployed more quickly than traditional on-premise solutions. Additionally, the use of blockchain technology in SMS firewalls is gaining traction, as it can help enhance the security of SMS traffic and prevent fraud. Some vendors are also offering SMS firewall solutions that can be integrated with existing security infrastructure to provide a comprehensive security solution for mobile network operators (MNOs) and other organizations.
Major players operating in the market
Comviva, Mobileum Inc., Belgacom ICS (BICS), AMD Telecom S.A., Tata Communications, Infobip Ltd., Proofpoint, Inc., Tango Telecom Ltd, Cellusys, and Syniverse Technologies LLC.
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