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SMS Firewall Market to Reach $2.8 Billion by 2021 - Analysis by SMS Type, SMS Traffic, Messaging Platform, Service Type, Organization Size, Vertical & Region - Research and Markets

[June 22, 2017]

SMS Firewall Market to Reach $2.8 Billion by 2021 - Analysis by SMS Type, SMS Traffic, Messaging Platform, Service Type, Organization Size, Vertical & Region - Research and Markets

Research and Markets has announced the addition of the "SMS Firewall Market by SMS Type, SMS Traffic, Messaging Platform, Service Type, Organization Size, Vertical, and Region - Global Forecast to 2022" report to their offering.

The SMS firewall market size is expected to grow from USD 1.73 billion in 2017 to USD 2.82 billion by 2021, at a CAGR of 10.4%. 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 some of the factors driving the growth of the global SMS firewall market.

The A2P messaging segment is expected to grow at a higher rate in the SMS firewall market during the forecast period. The demand 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, authentication, alerts, and notifications. A2P messaging makes it very cost effective to communicate with customers.

Among the messaging platforms, the cloud platform is expected to have a higher growth rate in the MS firewall market during the forecast period. Mobile network operators are opting for cloud-based SMS firewall solutions to ensure the security of text messages. The cloud deployment model is very reliable, scalable, secure, and cost-effective. Additionally, affordability of resources, low maintenance and operational costs, and high scalability are some of the benefits mobile network operators are experiencing through cloud-based SMS firewall solutions.

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