by The global SMS Firewall Market is estimated to be valued at US$ 2,350.4 Mn in 2023 and is expected to exhibit a CAGR of 9.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
SMS firewall protects mobile users and networks from multiple types of SMS spam and SMS malware. It helps in detecting phishing attacks and prevents unauthorized messages from reaching the targeted mobile users.
Market key trends:
One of the major trends in the SMS firewall market is the increasing adoption of cloud-based SMS firewall solutions. Cloud-based SMS firewall offers benefits such as scalability, cost-effectiveness and remote manageability. It eliminates the need for hardware infrastructure and reduces capital expenditure. Moreover, cloud-based SMS firewall solutions can scale according to business needs and customized security policies can be applied without extensive network changes. This is driving many organizations to adopt cloud-based SMS firewall solutions.
SWOT Analysis
Strength: SMS Firewall provides security to messages flowing between mobile devices and networks. This prevents spam, fraud and data leakage.
Weakness: Initial setup and deployment costs of SMS firewall can be high for small businesses. Regular upgradation of tools is required to keep up with evolving threats.
Opportunity: Growing use of mobile devices and messaging apps worldwide is driving the need for effective SMS security solutions. Emerging technologies like AI and machine learning offer opportunities to enhance capabilities of SMS firewall.
Threats: Free or low-cost SMS protection solutions from individual app developers can erode market share of dedicated firewall vendors. Stiff competition among existing players can lead to pricing pressures.
Key Takeaways
The global Sms Firewall Market Growth size is expected to witness high growth, exhibiting CAGR of 9.9% over the forecast period 2023 to 2030, due to increasing internet and smartphone penetration worldwide. This has boosted messaging traffic and the need for mobile security solutions.
Regional analysis – North America dominated the SMS firewall market in 2023 with over 30% share, owing to stringent data protection laws and rising demand from enterprises in United States and Canada. Asia Pacific is projected to be the fastest growing market during the forecast period, led by countries like India and China. Availability of affordable smartphones and evolving mobile attack landscapes are fueling demand in the region.
Key players operating in the SMS Firewall market are Tango Telecom, SAP SE, Tyntec, Infobip, Symantec Corporation, Acronis International GmbH, Fortinet, Inc., Arbor Networks, Inc., Cisco Systems, Inc., Trend Micro Incorporated. The players are focusing on expanding capabilities of their firewall solutions through technological advancements and acquisitions. For instance, Symantec acquired Skycure to strengthen mobile security offerings
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
