The Global Short Message Service (SMS) Firewall Market will Hit $4.1 Billion by 2028, at a CAGR of 8.7%

Published Date: 21-Feb-2023

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Short Message Service (SMS) Firewall Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Short Message Service (SMS) Firewall Market size is expected to reach $4.1 billion by 2028, rising at a market growth of 8.7% CAGR during the forecast period.

The Services segment is showcasing a CAGR of 11.2% during (2022 - 2028). It is crucial for maintaining the efficiency of the communication infrastructure. Education, training, consulting, certification, planning, and implementation are all part of the professional services market. The services industry as a whole has a significant impact on the SMS firewall market. These services contribute to cost-cutting, revenue growth, and performance enhancement.

The A2P Messaging segment acquired maximum revenue share in the Global Short Message Service (SMS) Firewall Market by SMS Type in 2021 thereby, achieving a market value of $3.1 billion by 2028. A2P SMS, or enterprise messaging, is the method of sending an SMS from an application to a mobile user. A2P allows businesses to send SMS messages to their real customers. Since the banking industry is employing A2P SMS to transmit pertinent banking notifications and information straight to the user's phone, which has enhanced efficiency and communication, A2P has experienced growth in the BFSI sector.

The Cloud segment has shown the growth rate of 10.1% during (2022 - 2028). The ability to outsource firewall services to third parties at a reasonable cost makes cloud deployment a crucial component of IT infrastructure. This is fueling demand for SMS firewalls, which will increase cloud deployment revenue growth. Additionally, SMS firewall solutions are being used on cloud messaging systems by Mobile Network Operators and SMS aggregators, which is further boosting this market's expansion.

The National segment is generating highest revenue share in the Global Short Message Service (SMS) Firewall Market by SMS Traffic in 2021 thereby, achieving a market value of $3.2 billion by 2028. Although this traffic is typically more controlled and less likely to give the operator problems, some operators may still need a firewall in this situation. a reasonable choice for carriers with lots of connections on the national level and associated inbound SMS traffic. In national SMS traffic, there are various different fraud types that modify signaling transactions to falsely identify the SMS message's sender and cause financial loss to the receiving operator.

The BFSI segment is poised to grow at a CAGR of 7.7% during (2022 - 2028). The expansion of the segment is attributed to the rise in payment transactions and the adoption of online A2P messaging in the BFSI industry. A2P messaging is used by banks and financial institutions to deliver alerts, balance statements, one-time passwords, and anti-fraud alerts. The market is predicted to grow due to the increasing cases of banking fraud.

The North America market dominated the Global Short Message Service (SMS) Firewall Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.5 billion by 2028. The Europe market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.6% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Comviva Technologies Limited (Tech Mahindra Limited), Infobip Ltd., Adaptive Mobile Security Limited (Enea AB), Tata Communications Limited (Tata Group), Proximus Group (BICS), Sinch AB, Mobilem Inc., Cellusys Limited, Monty Mobile, and Proofpoint, Inc.

Global Short Message Service (SMS) Firewall Market Segmentation

By Component

  • Platform
  • Services

By SMS Type

  • A2P Messaging
  • P2A Messaging

By Deployment Mode

  • On-premise
  • Cloud

By SMS Traffic

  • National
  • International

By End User

  • IT & Telecom
  • BFSI
  • Retail & Ecommerce
  • Healthcare
  • Government & Public Sector
  • Media & Entertainment
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Comviva Technologies Limited (Tech Mahindra Limited)
  • Infobip Ltd.
  • Adaptive Mobile Security Limited (Enea AB)
  • Tata Communications Limited (Tata Group)
  • Proximus Group (BICS)
  • Sinch AB
  • Mobilem Inc.
  • Cellusys Limited
  • Monty Mobile
  • Proofpoint, Inc.

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Related Reports:

North America Short Message Service (SMS) Firewall Market size & Opportunities 2022-2028

Europe Short Message Service (SMS) Firewall Market & Growth Forecast 2022-2028

Asia Pacific Short Message Service (SMS) Firewall Market Share & Industry Outlook to 2028

LAMEA Short Message Service (SMS) Firewall Market Growth, Trends & Forecasts 2022-2028

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