Market Analysis
Market Research Future (MRFR) estimates the global SMS Firewall Market size to reach USD 5 Billion at a CAGR of 8% from 2020 to 2030 (forecast period).
Multiple Factors to Augment Market Growth
The growing privacy and security concerns have fueled the rise of the SMS firewall market. Additionally, the increased usage of application-to-person messaging and the protection of the network from Grey Route Traffic are some of the primary drivers driving the growth of the SMs firewall market. Furthermore, the growing trend of mobile marketing via SMS represents a significant opportunity in the SMS firewall market. The demand from operators for next-generation SMS firewalls has also presented a significant potential for the market.
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The Worldwide Market to Expand Amid COVID-19 Pandemic
The COVID-19 pandemic has caused a large number of fatalities. The virus's spread has also had a significant impact on the economy. Tourism, manufacturing, and banking have all taken a hit globally. Online markets, on the other hand, have grown during the outbreak. Governments all around the world adopted strict lockdown and social distancing restrictions. Work from home became a new trend at the time. During the pandemic's breakout, many people lost their jobs. Fraud and hacking were on the rise at the time, fueling the growth of the SMS firewall market.
Market Segmentation:
The worldwide SMS firewall market has been segmented into SMS type and end-user.
By SMS type, the global SMS firewall market has been segmented into Application to Person messaging and Person to Application.
By end-user, the global SMS firewall market has been segmented into Industry, Government, Media and Entertainment, Healthcare, BFSI, and Real Estate.
By SMS type:
- A2P (Application to Person) messages
- P2A (Person to application) messages
By Organization Size:
- Large Enterprise
- Medium and Small Enterprise
By Deployment:
- On premise
- Cloud Based
By SMS traffic:
- National SMS traffic
- International SMS traffic
By Vertical:
- Government
- Utilities & Logistics
- Retail & Commerce
- Telecom & IT
- Healthcare and Life Sciences
- Banking, Insurance, and Financial Services
- Travel and Tourism
- Manufacturing and Automotive
- Media and Entertainment
By Component:
- Services
- Managed Services
- SMS firewall platform
- Professional Services
Regional Analysis:
APAC to Rule the Global Market
The Asia Pacific region is predicted to have the largest market share. Because of well-known firms such as China Unicom, China Telecom, and China Mobile, China is recognized to have one of the most developed markets. These companies are going forward with the creation of 5G services, despite the fact that 4G remains the most prominent mobile technology in the majority of places. China has one of the largest subscriber populations, with 1.2 billion mobile subscribers and 1.7 billion SIM connections.
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Key Players:
Notable players in the global SMS firewall market are Tata Communications, Tango Telecom Limited, Syniverse Technologies LLC, Broadnet Technologies, Comviva, and Openmind Networks are some of the key players that are responsible for the growth of the SMS firewall market.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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