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The SMS Firewall Market Size was valued at USD 2.7 Billion in 2023. It is expected to grow to USD 5.9 Billion by 2032 and grow at a CAGR of 9.2% over the forecast period of 2024-2032.
Increasing mobile messaging traffic is one of the significant factors boosting demand for SMS firewalls, which in turn drives the growth of the global SMS firewall market. As the number of mobile marketing campaigns, two-factor authentication processes, and social media verification only continues to overwhelm enterprises, they have never generated so many SMS messages before. This increasing reliance on SMS as the messaging mechanism for important communications raises an obvious need for spam and fraud protection. For this reason, more and more enterprises are implementing SMS firewalls to control traffic flows and protect their messaging ecosystem against spam or maliciously intended messages while keeping private or sensitive data safe. According to the International Telecommunication Union (ITU), global mobile subscriptions reached approximately 8.4 billion in 2023, reflecting a substantial increase in mobile device usage, which directly contributes to higher SMS traffic.
The increasing need for revenue assurance to prevent revenue losses from fraudulent activities is one of the key drivers driving the SMS firewall industry. Organizations understand the importance of protecting messaging services since SMS-based frauds, such as phishing and smishing, have become more prevalent. An essential tool for tracking and filtering traffic to stop fraudulent content from getting to customers is a well-designed SMS firewall. These solutions are crucial in today's digital world because they not only preserve the quality of SMS services and guard against fraud-related income loss for businesses, but they also foster client trust.
The U.S. Cybersecurity and Infrastructure Security Agency projects that cybersecurity spending will exceed USD 100 billion annually by 2025, highlighting the prioritization of security measures. Effective SMS firewalls serve as essential tools for monitoring and filtering traffic, ensuring that only legitimate messages reach consumers.
Drivers
The rising adoption of application-to-person messaging drives the growth of the market.
The increase in security and privacy in SMSs is a major driver of the SMS firewall market
Technological advancements in the SMS firewall market, such as the use of artificial intelligence and machine learning, are driving the growth of the market
Major growth in the SMS firewall market is driven by technologically advanced products, especially telecom SMS firewall solutions integrated with artificial intelligence (AI) and machine learning (ML), as they can detect false alarms caused due to spam messages thus enabling faster detection. Powerful AI and ML make it possible for these systems to process millions of messaging data in real-time, quickly analyzing them detect patterns or anomalies that bring about threat behaviors such as spam messages and scam messages. By taking a proactive stance on threat detection and response, it offers better accuracy for blocking detected threats, while minimizing false positives and making sure that not block legitimate messages by mistake. With the constant evolution of cyber threats, organizations are turning to these advanced solutions for SMS security and integrity as it is vital for safeguarding revenue and customer trust.
U.S. Department of Justice (DOJ) Cybersecurity Initiatives reported in 2023 that it invested USD 70 million in cybersecurity initiatives, which include enhancing protections for SMS and messaging systems used by government entities and critical infrastructure sectors, further underscoring the government's focus on advanced security technologies.
Moreover, many companies launched new AI security for safety purposes such as, in 2023, IBM announced the launch of its AI-driven cybersecurity suite, which includes enhanced SMS firewall capabilities that leverage machine learning to detect and mitigate messaging threats more effectively.
Restraint
Vulnerabilities in the existing signaling systems are acting as a restrain in the adoption of SMS firewall solutions.
Current signalling systems, most importantly the SS7 (Signalling System 7) protocol, have weaknesses which serve as a constraint to SMS firewall solutions. SS7 provides interoperability between networks and features essential to mobile services, but its open nature and lack of security have made it vulnerable to various attacks, including interception, fraud, and spoofing. Cybercriminals can take advantage of these flaws to intercept personal information, wreak havoc on message traffic and conduct denial-of-service attacks. This could lead businesses to delay action to deploy SMS firewall solutions due to the inability of basic signaling system fortifications needed for overall defenses.
By Component
The SMS firewall platform segment held the largest market share of around 69% in 2023. SMS firewall solutions are growing quickly because of their advantages, which include real-time fraud protection, SMS income monetization, and grey route SMS identification and prevention. A Brazilian telecommunication company, TIM Brasil, saw monthly A2P SMS revenues double in just one quarter, once a next-generation SMS firewall was implemented. Six months or more after deployment, the mobile operator saw a revenue uplift of over 250%. Such a significant growth underscores the potential of next-generation SMS firewalls in creating revenue streams for TIM Brasil.
By SMS Type
In 2023, the A2P messaging segment accounted for the largest revenue share of over 76.1%. It is because it plays a key role in communications that occur between business and consumer. Applications that are crucial to providing outstanding customer service and managing your business fall under this category, including 2FA, transaction notifications, promotional messages, and appointment reminders. Its messaging has also been fueled by the growing use of real-time communication and mobile commerce in industries including retail, banking, and healthcare.
By Deployment
The cloud segment held the largest market share around 68% in 2023. The deployment of cloud-based firewalls is simple, it takes much less time than the installation of a traditional firewall. This enhanced system deployment ensures that the operation of businesses faces minimal intrusion. Moreover, cloud-based firewalls have lower maintenance and upgrade costs, since they require less manual intervention.
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Asia pacific held the largest market share around 42% in 2023. The Asia-Pacific region is a rapidly growing market for mobile technology and communication. With a large and diverse population, increasing smartphone adoption, and expanding mobile networks, the APAC region presents significant opportunities for SMS firewall providers. The region's mobile-first approach to communication makes SMS an essential tool for personal and business interactions. Developing economies in the APAC region are experiencing significant growth in digital services, creating a need for robust security solutions to protect users from SMS-based threats. Regulatory variations across different countries in the region impact the adoption of SMS firewall solutions, as compliance with local regulations is crucial.
North America is expected to witness significant growth during the forecast period. The SMS firewall market in North America is driven by the high penetration of smartphones, the widespread use of SMS for communication, and the need for robust cybersecurity solutions. The region is home to several major telecom operators and technology companies that provide SMS firewall solutions.
AdaptiveMobile Security (A2P SMS Firewall)
BICS (SMS Firewall Solution)
Cellusys (Cellusys SMS Firewall)
Comviva (Mobility Services Platform)
Infobip Ltd. (Infobip SMS Firewall)
Mobileum (Mobileum SMS Firewall)
Monty Mobile (Monty SMS Firewall)
Proofpoint (Proofpoint SMS Security)
Sinch (Sinch A2P Messaging)
TATA Communications (TATA SMS Firewall)
Twilio (Twilio Programmable Messaging)
Nexmo (Vonage) (Nexmo SMS API)
CloudMark (CloudMark Messaging Security)
Fortinet (FortiGate SMS Firewall)
Symantec (Symantec Messaging Gateway)
OpenMarket (OpenMarket SMS Messaging)
Viber (Viber Business Messages)
Amdocs (Amdocs Messaging Solutions)
Zenvia (Zenvia SMS Messaging)
MessageBird (MessageBird SMS API)
Key User
Verizon
Bank of America
Amazon
Cleveland Clinic
Walmart
Expedia
U.S. Department of Defense
Allianz
FedEx
University of California
AT&T
In 2023 Adaptive Mobile Security declared that it had acquired Message Bird, a company that offered WhatsApp and SMS messaging services. Through this acquisition, Adaptive Mobile Security will be able to provide its clients with a more complete range of messaging solutions and enhance its SMS firewall capabilities.
In 2023, BICS Protect, a brand-new SMS firewall solution, was introduced. BICS Protect is intended to shield companies from a range of SMS-based dangers, such as fraud, phishing, and spam.
Report Attributes | Details |
Market Size in 2022 | US$ 2.7 Billion |
Market Size by 2032 | US$ 5.9 Billion |
CAGR | CAGR of 9.2% From 2023 to 2032 |
Base Year | 2022 |
Forecast Period | 2023-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Component (Platform, Services) • By SMS Type (Application-to-Person messages, Person-to-Application messages) • By SMS Traffic (National SMS traffic, International SMS traffic) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | AdaptiveMobile Security, BICS, Cellusys, Comviva, Infobip Ltd., Mobileum, Monty Mobile, Proofpoint, Sinch, and TATA Communications |
Key Drivers | • The rising adoption of application-to-person messaging drives the growth of the market. • The increase in security and privacy in SMSs is a major driver of the SMS firewall market • Technological advancements in the SMS firewall market, such as the use of artificial intelligence and machine learning, are driving the growth of the market |
Market Restraints | • Vulnerabilities in the existing signaling systems are acting as a restrain in the adoption of SMS firewall solutions |
Ans. The Compound Annual Growth rate for SMS Firewall Market over the forecast period is 9.2%.
Ans. USD 5.9 Billion is the projected SMS Firewall Market size of the Company by 2032.
Ans. AdaptiveMobile Security, BICS, Cellusys, Comviva, Infobip Ltd., Mobileum, Monty Mobile, Proofpoint, Sinch, and TATA Communications.
Ans. The rise in the adoption of application-to-person messaging, and the increased privacy and security concerns among users are the major factors driving the short message service firewall market growth
Ans. The key growth strategies include product portfolio expansion, acquisition, partnership, merger, and collaboration.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Security Type
3.2 Bottom-up Security Type
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Emerging Technologies
5.2 Network Infrastructure Expansion, by Region
5.3 Cybersecurity Incidents, by Region (2020-2023)
5.4 Cloud Services Usage, by Region
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Type Benchmarking
6.3.1 Type specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Age Cohort launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. SMS Firewall Market Segmentation, By Component
7.1 Chapter Overview
7.2 SMS Firewall Platform
7.2.1 SMS Firewall Platform Market Trends Analysis (2020-2032)
7.2.2 SMS Firewall Platform Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Services
7.3.1 Services Market Trends Analysis (2020-2032)
7.3.2 Services Market Size Estimates and Forecasts to 2032 (USD Billion)
8. SMS Firewall Market Segmentation, By SMS Type
8.1 Chapter Overview
8.2 A2P Messaging
8.2.1 A2P Messaging Market Trends Analysis (2020-2032)
8.2.2 A2P Messaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 P2P Messaging
8.3.1 P2P Messaging Market Trends Analysis (2020-2032)
8.3.2 P2P Messaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Others
8.4.1 Others Market Trends Analysis (2020-2032)
8.4.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. SMS Firewall Market Segmentation, By SMS Traffic
9.1 Chapter Overview
9.2 National SMS traffic
9.2.1 National SMS traffic Market Trends Analysis (2020-2032)
9.2.2 National SMS traffic Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 International SMS traffic
9.3.1 International SMS traffic Market Trends Analysis (2020-2032)
9.3.2 International SMS traffic Market Size Estimates and Forecasts to 2032 (USD Billion)
10. SMS Firewall Market Segmentation, By Deployment
10.1 Chapter Overview
10.2 On-premise
10.2.1 On-premise Market Trends Analysis (2020-2032)
10.2.2 On-premise Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Cloud
10.3.1 Cloud Market Trends Analysis (2020-2032)
10.3.2 Cloud Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America SMS Firewall Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.4 North America SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.2.5 North America SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.2.6 North America SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.7.2 USA SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.2.7.3 USA SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.2.7.4 USA SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.8.2 Canada SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.2.8.3 Canada SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.2.8.4 Canada SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.2.9.2 Mexico SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.2.9.3 Mexico SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.2.9.4 Mexico SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe SMS Firewall Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.7.2 Poland SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.1.7.3 Poland SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.1.7.4 Poland SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.8.2 Romania SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.1.8.3 Romania SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.1.8.4 Romania SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.9.2 Hungary SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.1.9.3 Hungary SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.1.9.4 Hungary SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turke SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.10.2 Turkey SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.1.10.3 Turkey SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.1.10.4 Turkey SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe SMS Firewall Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.4 Western Europe SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.5 Western Europe SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.6 Western Europe SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.7.2 Germany SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.7.3 Germany SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.7.4 Germany SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.8.2 France SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.8.3 France SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.8.4 France SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.9.2 UK SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.9.3 UK SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.9.4 UK SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.10.2 Italy SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.10.3 Italy SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.10.4 Italy SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.11.2 Spain SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.11.3 Spain SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.11.4 Spain SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.14.2 Austria SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.14.3 Austria SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.14.4 Austria SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific SMS Firewall Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.4 Asia Pacific SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.5 Asia Pacific SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.6 Asia Pacific SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.7.2 China SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.7.3 China SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.7.4 China SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.8.2 India SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.8.3 India SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.8.4 India SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.9.2 Japan SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.9.3 Japan SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.9.4 Japan SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.10.2 South Korea SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.10.3 South Korea SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.10.4 South Korea SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.11.2 Vietnam SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.11.3 Vietnam SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.11.4 Vietnam SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.12.2 Singapore SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.12.3 Singapore SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.12.4 Singapore SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.13.2 Australia SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.13.3 Australia SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.13.4 Australia SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East SMS Firewall Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.4 Middle East SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.1.5 Middle East SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.1.6 Middle East SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.7.2 UAE SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.1.7.3 UAE SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.1.7.4 UAE SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.8.2 Egypt SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.1.8.3 Egypt SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.1.8.4 Egypt SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.10.2 Qatar SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.1.10.3 Qatar SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.1.10.4 Qatar SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa SMS Firewall Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.4 Africa SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.2.5 Africa SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.2.6 Africa SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.7.2 South Africa SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.2.7.3 South Africa SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.2.7.4 South Africa SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Afric SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America SMS Firewall Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.4 Latin America SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.6.5 Latin America SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.6.6 Latin America SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.7.2 Brazil SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.6.7.3 Brazil SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.6.7.4 Brazil SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.8.2 Argentina SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.6.8.3 Argentina SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.6.8.4 Argentina SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.9.2 Colombia SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.6.9.3 Colombia SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.6.9.4 Colombia SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America SMS Firewall Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America SMS Firewall Market Estimates and Forecasts, By SMS Type (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America SMS Firewall Market Estimates and Forecasts, By SMS Traffic (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America SMS Firewall Market Estimates and Forecasts, By Deployment (2020-2032) (USD Billion)
12. Company Profiles
12.1 AdaptiveMobile Security
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Product / Services Offered
12.1.4 SWOT Analysis
12.2 BICS
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Product / Services Offered
12.2.4 SWOT Analysis
12.3 Cellusys
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Product / Services Offered
12.3.4 SWOT Analysis
12.4 Comviva
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Product / Services Offered
12.4.4 SWOT Analysis
12.5 Infobip Ltd.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Product / Services Offered
12.5.4 SWOT Analysis
12.6 Mobileum
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Product / Services Offered
12.6.4 SWOT Analysis
12.7 Monty Mobile
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Product / Services Offered
12.7.4 SWOT Analysis
12.8 Proofpoint
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Product / Services Offered
12.8.4 SWOT Analysis
12.9 Sinch
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Product / Services Offered
12.9.4 SWOT Analysis
12.10 TATA Communications
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Product/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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Rest of Western Europe
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Rest of Asia Pacific
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Product Analysis
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The Business Spend Management (BSM) Software Market Size was valued at USD 20.98 billion in 2023 and is expected to reach USD 57.71 billion by 2032 and grow at a CAGR of 11.9% over the forecast period 2024-2032.
The Mobile Wallet Market size was USD 9.53 Billion in 2023 and is expected to Reach USD 70.8 Billion by 2031 and grow at a CAGR of 28.5% over the forecast period of 2024-2031.
Asset Performance Management Market was valued at USD 3.0 billion in 2023 and is expected to reach USD 8.4 billion by 2032 and grow at a CAGR of 12.2% from 2024-2032.
The Optical Communication and Networking Market size was valued at USD 26.03 Billion in 2023 and is expected to reach USD 51.48 Billion by 2031 and grow at a CAGR of 8.9% over the forecast period 2024-2031.
The Telecom equipment market size was estimated at USD 718.30 Billion in 2023 and is expected to reach USD 1033.03 Billion by 2032 at a CAGR of 4.12% during the forecast period of 2024-2032.
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