Dublin, April 06, 2023 (GLOBE NEWSWIRE) -- The "Global Short Message Service Firewall Market Size, Share & Industry Trends Analysis Report By Component, By SMS Type, By Deployment Mode, By SMS Traffic, By End User, By Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
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.
By defending mobile networks from all SMS-based messaging attacks, offering complete security and protection over all messaging networks, accurately identifying & blocking spam, and making sure that all received message traffic is monitored to prevent SMS fraud, an SMS firewall allays security concerns.
Businesses have benefited from the rapid development of technology as well as message marketing, which has allowed them to expand their market reach and thrive in their niches.
This advancement in technology has also opened up a lot of opportunities for fraud and false messaging, which has been a significant security concern. To resolve all of these problems that may put a barrier between a company and its clients, an SMS firewall comes to the rescue.
A short Message Service (SMS) Firewall was developed to protect mobile networks against SMS's vulnerable security flaws. It gives complete protection and control over all Messages on the network and safeguards mobile networks against all SMS-based messaging assaults. Every Message is forwarded through the firewall, where it is evaluated and categorized.
This implies that screening extends to outgoing roamers as well. Short Message Peer-to-Peer communication is classified according to content, and SMPP (Short Message Peer-to-Peer) traffic takes action to block threats and grey routes.
Many organizations have been able to feel secure due to the SMS firewall, which also opened up fresh avenues for generating income. The expanding timeline of events has been upsetting for both the brand and its customers, causing a gulf between the two and eroding trust. It can be automatically identified and stopped by an SMS firewall.
The sender of an A2P (application-to-person messaging) SMS that has been blocked due to fraud or suspicion would be informed that their Message has been sent, even though it has actually been deleted from the network. Alternatively, a warning to the recipient might be included in grey or suspicious A2P SMS messages.
Key Market Players
List of Companies Profiled in the Report:
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 297 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value (USD) in 2021 | $2328.6 Million |
| Forecasted Market Value (USD) by 2028 | $4092.8 Million |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
Market Growth Factors
Increased acceptance of application-to-person messaging
The market is growing as a result of the increasing popularity of application-to-person communications. As a result, mobile Network Operators have seen an increase in application-to-Person (A2P) messaging, or one-directional messaging from an application to a person where no response is anticipated (MNOs).
A2P and message services, for instance, saw tremendous commercial development in 2020 as a result of the COVID-19 epidemic, and several mobile carriers also experienced exponential growth. Therefore, these factors propel the growth of the short message service firewall market during the projection period.
Rising concerns regarding privacy and security
The major advantage is that it assists in the eradication of 'grey routes.' An SMS firewall can assist in blocking a grey route, a channel of SMS transmission that is not secure. Additionally, it aids in charging each SMS that terminates in the network correctly. It is helpful in ensuring the network's transparency and aids in maximizing revenue from such an underutilized source of income.
In addition, rising grey route traffic is generating illegal traffic, such as malware and scams. The SMS firewall market is anticipated to grow as regulations that require periodic checks and the identification and blocking of grey channels are implemented.
Market Restraining Factors
Vulnerabilities in existing firewall systems
The network cannot be completely protected by the firewall from every zero-day malware. A poor network setup and design will render a firewall worthless. There is a chance that a firewall won't be able to stop threats from popular ports or applications. Tunneled traffic might not be understood by a firewall.
For banned ports, the firewall responds with 'Deny' rather than 'drop.' This gives the attacker more information or speeds up the port scan for the attacker. If a firewall isn't regularly updated and maintained, it could become incompatible with emerging technology. They are, therefore, unable to protect themselves from complex threats.
Scope of the Study
Market Segments Covered in the Report:
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
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
For more information about this report visit https://www.researchandmarkets.com/r/8ea89c
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
