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(Wireless-NewsWire.Com, March 27, 2018 ) The Global SMS Firewall Market accounted for USD 1.10 billion in 2016 growing at a CAGR of 12.24% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
SMS in today market is the crucial factor to generate revenue. However, its profitability is hampered by fraudulent activities, spams or spoofs. Operators have to focus on these technological modifications to deal with these types of threats. SMS Firewall is available as a solution to SMS fraud in order to safeguard the client operator network and subscribers against the SMS fraud cases. It has its wide application in banking, financial services and insurance, government, media and entertainment, healthcare, manufacturing, telecom, IT, automotive, and others. Growing security and privacy concerns may act as a major driver in the growth of SMS firewall market. On the other side lack of technical skills may hinder the market.
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Major Market Competitors: Global SMS Firewall Market
Some of the major players of the global SMS firewall market are Cellusys, Symsoft, Route Mobile Limited, ANAM Technologies, BICS SA, tyntec, SAP SE, Mahindra ComViva, Tata Communications Ltd., TWILIO, INC., Infobip ltd., Syniverse Technologies, LLC., Omobio, AMD Telecom S.A., Cloudmark, Inc., Global Wavenet (Pty) Ltd, Mobileum, NetNumber Inc., Openmind Networks, Tango Telecom, HAUD Systems Ltd, Monty Mobile, NewNet, and others.
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Major Market Drivers & Restraints:
Growth in adoption of A2P SMS
Stringent government regulations
Growing security and privacy concerns across the globe
Lack of technical skills
Programming anomalies
Market Segmentation: Global SMS Firewall Market
The global SMS firewall market is segmented on the basis of SMS traffic into A2P messaging, and P2A messaging.
On the basis of SMS type, the global SMS firewall market is segmented into SMS exchange, and international exchange.
On the basis of service type, global SMS firewall market is segmented into professional services and managed services.
On the basis of organization size, global SMS firewall market is segmented into large enterprises, and small & medium-sized enterprises (SMEs).
On the basis of messaging platform, the global SMS firewall market is segmented into cloud, and traditional.
On the basis of vertical, the global SMS firewall market is segmented into banking, financial services and insurance, government, media and entertainment, healthcare, manufacturing, telecom and it, automotive and others.
On the basis of geography, the global SMS firewall market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Key Market Insights
sambit kumar
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sambit.kumar@kminsights.com
Source: EmailWire.Com 
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