SMS firewalls help protect mobile users and networks from growing threats of unwanted and malicious SMS messages like SMS spam, SMS phishing and SMS malware by filtering, monitoring and blocking these harmful messages. They provide security to organizations and telecom operators by filtering inbound and outbound SMS traffic to keep operations smooth and secure.
The global SMS Firewall Market is estimated to be valued at US$ 2350.4 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
As digital transformation accelerates across various industries, dependency on mobiles for business communication is increasing rapidly. However, with the rise in bring-your-own-device culture in offices, the attack surface for SMS-based cyber threats is expanding. This is a major trend driving increased adoption of SMS firewall solutions by enterprises to secure organizational communication and protect confidential data from any SMS-based exploits. SMS firewall vendors are focusing on introducing advanced capabilities like machine learning and artificial intelligence powered filters to detect even sophisticated SMS spam, phishing and malware threats effectively.
Segment Analysis
The global SMS firewall market is segmented by component (SMS gateway, SMS aggregator, and SMS analytics), organization size (small and medium enterprises (SMEs) and large enterprises), vertical (banking, financial services and insurance, retail, IT and telecom, transportation and logistics, healthcare, government and defense, education, and others). The SMS aggregator segment dominated the market in 2023 and is expected to witness high growth during the forecast period. SMS aggregators are dominating the market as they provide advanced features such as filtering spam, unauthorized content, preventing spoofing and fraud.
Key Takeaways
The Global SMS Firewall Market Growth is expected to witness high. The global SMS Firewall Market is estimated to be valued at US$ 2350.4 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030.
Regional analysis:
The Asia Pacific region is expected to witness fastest growth during the forecast period due to rapid increase in usage of SMS for various business operations and prevalence of spam and fraud messages in countries like China, India, and Japan. North America region dominated the global SMS firewall market in 2023 due to strict regulations regarding data privacy by government and usage of advanced technologies by business.
Key players:
Key players operating in the SMS firewall market are EverZinc, Numinor Chemical Industries Ltd., Metal Powder Company Limited (MEPCO), Hakusui Tech Co., Ltd., Jiangsu Shenlong Zinc Industry Co., Ltd. EverZinc has dominated the market due to strong base of SMB customers in multiple regions and advanced offerings such as SMS filtering and blocking capabilities.
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The SMS firewall market includes SMS firewall or filtering solutions that are provided by vendors and companies to Mobile Network Operators (MNOs) and SMS aggregators.
SMS firewall solutions proactively detect, filter, and secure illicit incoming SMS traffic.
Growing security and privacy concerns across the globe, stringent government regulations, increased adoption of Application to Person (A2P) messaging, and growing focus on preventing revenue loss due to grey routes are the major factors that are driving the growth of the SMS firewall market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19536392The SMS firewall platform segment to record a larger market size during the forecast periodThe SMS firewall platform allows Mobile Network Operators (MNOs) to safeguard the SMS traffic from malicious attacks, such as SMS phishing, SMS spoofing, SMS spamming, and SIM boxing/farming, while focusing on Application-to-Person (A2P) monetization.
Globally, MNOs have undertaken preemptive measures to ensure higher customer experience and drive business revenue.
With the advancement in technologies and the proliferation of security attacks, vendors have integrated Artificial Intelligence (AI), Machine Learning (ML), and analytics capabilities into the firewall that provisions real-time threat intelligence into SMS traffic for the telecom network.Based on SMS type, the A2P messages segment to record the highest growth rate during the forecast periodThe demand for A2P messaging has been witnessing strong growth across enterprises.
With the proliferation of smartphones and tablets across enterprises and their increased use by individual customers, it has become easy for enterprises to interact directly with their customers through SMS.
