SMS Firewall Market to Experience Robust Growth at a CAGR of 10.5% during 2024-2032

The SMS firewall market has experienced significant growth due to the increasing prevalence of SMS-based threats and the growing adoption of mobile communication worldwide. The market size has been expanding steadily as telecommunications companies and mobile network operators (MNOs) recognize the importance of securing their networks and protecting subscribers from various forms of SMS abuse.

Global SMS Firewall Market size and share is currently valued at USD 2.81 billion in 2023 and is anticipated to generate an estimated revenue of USD 6.91 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 10.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

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There is an escalation in the threats faced by mobile messaging services, which necessitates the implementation of robust security measures. Additionally, the rise in grey route SMS traffic poses challenges to the integrity of messaging services, creating a demand for solutions that can effectively address this issue. Moreover, the expanding number of mobile subscribers contributes to the overall growth of the market, as the increasing user base drives the demand for reliable and secure mobile messaging services.

The rapid progress of technology & the adoption of the message marketing have provided businesses with valuable opportunities for market expansion. However, this technological growth has also given rise to an escalation in fraudulent messages, creating substantial security challenges. To tackle these concerns & to ensure communication channel between the businesses & associated customers, the implementation of this firewall is essential. An SMS firewall serves as a protective barrier, addressing various security issues linked to messaging services. It provides a robust defense for mobile networks, offering protection against a range of SMS-based messaging attacks.

Some of the major players operating in the global market include:

BICS
Cellusys
Sinch
Comviva
Route Mobile Limited
Infobip Ltd.
Openmind Networks
Mobileum
HAUD SYSTEMS LTD
AMD Telecom

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Growth Drivers:

Rising SMS-Based Threats: The proliferation of SMS-based threats, including spam, phishing, smishing (SMS phishing), and SMS fraud, has driven the demand for SMS firewall solutions. These threats exploit vulnerabilities in mobile networks and pose risks to both subscribers and operators.

Regulatory Compliance: Stringent regulatory requirements mandating the protection of subscriber privacy and security have compelled MNOs to invest in SMS firewall solutions. Regulations such as GDPR (General Data Protection Regulation) and regional telecommunications laws impose strict penalties for data breaches and non-compliance, prompting operators to enhance their network security measures

Applications of SMS Firewall:

Spam Filtering: SMS firewalls employ filtering mechanisms to identify and block unsolicited SMS messages, including spam advertisements, promotional offers, and unwanted content. By filtering out spam messages, SMS firewalls help improve the quality of service for mobile subscribers and reduce the risk of phishing attacks.

Fraud Prevention: SMS firewalls play a crucial role in preventing SMS fraud schemes, such as identity theft, account takeover, and financial Fraud. These solutions analyze SMS traffic patterns, detect anomalous behavior, and enforce security policies to mitigate fraudulent activities in real-time.

Content Filtering: SMS firewalls enable operators to implement content filtering policies to enforce regulatory compliance and protect subscribers from inappropriate or harmful content. By inspecting the content of SMS messages, including URLs, keywords, and multimedia files, SMS firewalls can enforce content restrictions and block malicious content before it reaches end-users.

SMS Firewall Market Report Highlights

SMS firewall segment held the largest share, owing to its benefits such as fraud protection, revenue monetization, & the proactive abuse revocation
A2P segment will grow rapidly, as it is a popular mechanism for the marketing, campaigns, and the promotional activities
On premise segment projected to grow at the fastest rate, as it offers higher degree of customization, & control over the security issues
APAC held the largest share, owing to surge in number of mobile subscribers and the higher penetration of the business messages
North America will grow rapidly, on account of innovations in the sector, and favorable laws for consumer protection

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Polaris Market Research has segmented the SMS firewall market report based on component, SMS type, SMS traffic, deployment mode, and region:

SMS Firewall, Component Outlook (Revenue - USD Billion, 2019 - 2032)
SMS Firewall Platform
Services

SMS Firewall, SMS Type Outlook (Revenue - USD Billion, 2019 - 2032)
A2P Messaging
P2P Messaging
Others

SMS Firewall, SMS Traffic Outlook (Revenue - USD Billion, 2019 - 2032)
National Traffic
International Traffic

SMS Firewall, Deployment Mode Outlook (Revenue - USD Billion, 2019 - 2032)
On-premise
Cloud

SMS Firewall, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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This release was published on openPR.