May 07, 2020
According to the research report titled ‘Global SMS Firewall Market Size study, by SMS Type (A2P Messaging, P2A Messaging) By SMS Traffic (SMS Exchange, International Exchange, Others) By Messaging Platform (Cloud, Traditional) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, global SMS firewall market was worth USD 1.9 billion in the year 2018 and is expected to grow with a CAGR of 10.36% during 2019-2026.
For the record, SMS firewall helps in blocking illegal SMS traffic using Mobile Network Operators (MNOs) and SMS aggregators. Increasing data traffic have resulted in large volume of spam messages that not only negatively impacts the service quality but also blocks the network bandwidth, which in turn is a prime factor fostering the demand for SMS firewall solutions across the globe.
SMS firewall facilitates mobile network operators in reducing operational costs as well as improve the customer experience. According to Communications Fraud Control Association, telecom frauds which comprises of SMS frauds and voice frauds have resulted in revenue loss of around USD 30 billion globally. Rising privacy and security concerns along with strict regulatory scenario are also driving the market growth. Also, inclination towards mobile marketing will create lucrative growth avenues for the overall market. However, technical complexities and limitations may act as a restraining factor to the growth of global SMS firewall market.
As per SMS type, the market is split into P2A messaging and A2P messaging, whereas in terms of SMS traffic, the industry is categorized into international exchange, SMS exchange and others. Based on messaging platform, SMS firewall market is divided into traditional and cloud.
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As per the regional analysis, North America SMS firewall industry is predicted to expand substantially during the forecast period, primarily due to large scale deployment of SMS firewall solutions by MNOs and SMS aggregators.
Meanwhile, Asia-Pacific SMS firewall market is anticipated to register a momentous growth rate during the estimated timeframe. Rising adoption of A2P messages across banking, e-commerce, and travel sectors, alongside strict regulatory framework for SMS spam traffic are swaying the business dynamics in the region.
Twilio, Tata Communications, Mahindra Comviva, SAP, Tyntec, Belgacom ICS (BICS), Anam Technologies, Route Mobile Ltd., SymSoft and Cellusys are the eminent companies in global SMS firewall market.