SMS Firewall Market Share, Size | Growth Prediction

Market Analysis

Market Research Future (MRFR) estimates the global SMS Firewall Market Share size to reach USD 3.31 billion at a CAGR of 8% from 2020 to 2027 (forecast period).

Multiple Factors to Augment Market Growth

The growing privacy and security concerns have fueled the rise of the SMS Firewall Market Share. Additionally, the increased usage of application-to-person messaging and the protection of the network from Grey Route Traffic are some of the primary drivers driving the growth of the SMS Firewall Market Share. Furthermore, the growing trend of mobile marketing via SMS represents a significant opportunity in the SMS Firewall Market Share. The demand from operators for next-generation SMS firewalls has also presented a significant potential for the market.

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Key Players:

Notable players in the global SMS Firewall Market Share are Tata Communications, Tango Telecom Limited, Syniverse Technologies LLC, Broadnet Technologies, Comviva, and Openmind Networks are some of the key players that are responsible for the growth of the SMS Firewall Market Share.

The Worldwide Market to Expand Amid COVID-19 Pandemic

The COVID-19 pandemic has caused a large number of fatalities. The virus's spread has also had a significant impact on the economy. Tourism, manufacturing, and banking have all taken a hit globally. Online markets, on the other hand, have grown during the outbreak. Governments all around the world adopted strict lockdown and social distancing restrictions. Work from home became a new trend at the time. During the pandemic's breakout, many people lost their jobs. Fraud and hacking were on the rise at the time, fueling the growth of the SMS Firewall Market Share.

SMS Firewall Market size

Market Segmentation:

The worldwide SMS Firewall Market Share has been segmented into SMS type and end-user.

By SMS type, the global SMS Firewall Market Share has been segmented into Application to Person messaging and Person to Application.

By end-user, the global SMS Firewall Market Share has been segmented into Industry, Government, Media and Entertainment, Healthcare, BFSI, and Real Estate.

By SMS type:

A2P (Application to Person) messages
P2A (Person to application) messages

By Organization Size:

Large Enterprise
Medium and Small Enterprise

By Deployment:

On premise
Cloud Based

By SMS traffic:

National SMS traffic
International SMS traffic

By Vertical:

Government

Utilities & Logistics
Retail & Commerce
Telecom & IT
Healthcare and Life Sciences
Banking, Insurance, and Financial Services
Travel and Tourism
Manufacturing and Automotive
Media and Entertainment

By Component:

Services
Managed Services
SMS firewall platform
Professional Services

Regional Analysis:

APAC to Rule the Global Market:

The Asia Pacific region is predicted to have the largest market share. Because of well-known firms such as China Unicom, China Telecom, and China Mobile, China is recognized to have one of the most developed markets. These companies are going forward with the creation of 5G services, despite the fact that 4G remains the most prominent mobile technology in the majority of places. China has one of the largest subscriber populations, with 1.2 billion mobile subscribers and 1.7 billion SIM connections.

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About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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