United States to remain the most dominant market with absolute dollar growth opportunity of US$ 639.6 Mn during 2022 – 2032.
The SMS Firewall Market revenues were estimated at US$ 2.5 Billion in 2022 and is anticipated to grow at a CAGR of 6.3% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 4.6 Billion .
A2P messaging is a type of SMS in which a message is sent to an individual through an application or software program. This technology is utilized across many industries, including banking, commerce and retail, and government & education, as it helps to link these industries to their consumers in an efficient and cost-effective manner, which is boosting revenue growth in this area.
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The increased usage of A2P messaging by different industries for delivering One-time Passwords transaction alerts, government notifications, programs, discounts, reports, reminders, and verification codes is raising its demand, which is likely to fuel revenue development in this segment.
A2P is a machine-to-human technological solution that requires technical assistance to avoid security breaches and protect against cyberattacks or destructive viruses. SMS firewalls safeguard messages by evaluating and categorizing all messages and preventing any grey routes which may develop, which is another important element projected to raise its demand in different projects and hence contribute to the segment’s revenue growth.
Infobip, for example, offers the A2P SMS type to deliver services such as verification SMS, notification upgrades, passcode resetting links, OTPs, and others. They communicate with clients through more dependable messaging options. There are numerous SS7-based SMS varieties, such as on-net as well as off-net, which has expanded mobile network operators’ usage of firewalls to categorize and evaluate safe communications.
Key Takeaways from the Market Study
Global SMS Firewall Market is expected to reach a market size of US$ 2.5 Bn by 2022.
In terms of Components, the SMS Firewall Platforms segment is expected to account for the highest CAGR of 5.9% during the forecast period.
In terms of Deployment Mode, the Cloud segment is expected to have the highest CAGR rate of 5.6% during the forecast period.
United States to remain the most dominant market with absolute dollar growth opportunity of US$ 639.6 Mn during 2022 – 2032.
The market in U.S is set to experience the highest CAGR of 5.8% during the 2022-2032 forecast period.
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Competitive Landscape
Some of the key SMS Firewall providers include
Recent market developments include:
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the SMS Firewall Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in SMS Firewall Market in terms of SMS Firewall Market by SMS Firewall Market by Component (SMS Firewall Platforms, Services), SMS Type (A2P Messages, P2A Messages), SMS Traffic (National SMS Traffic, International SMS Traffic), Deployment Mode (Cloud, On-premises), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).
Market Segments Covered in SMS Firewall Market Analysis
By Component:
By SMS Type:
By SMS Traffic:
By Deployment Mode:
By Region:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 13, 2023