The global SMS firewall market is expected to exhibit strong growth, reaching USD 3.3 billion by 2028. As per the report titled “SMS Firewall Market Size, Share & COVID-19 Impact Analysis, By Components (Platforms and Services), By Services (Professional Services and Managed Services), By SMS Type (Application-to-Person (A2P) Messages and Person-to-Application (P2A) Messages), By SMS Traffic (National SMS Traffic and International SMS Traffic), By Deployment Modes (On-premises and Cloud) and Regional Forecasts, 2022-2028″ observes that the market size in 2021 stood at USD 2.3 billion and USD 3.3 billion in 2028. The market is expected to exhibit a CAGR of 6.10% during the forecast period.
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Comviva and IBM have Announced a Collaboration to Deploy the BlueMarble Solution
In January 2022, Comviva announced a partnership with IBM to deploy BlueMarble Solution, their next-generation all-in-one solution for sales, distribution, and commerce, on the IBM Cloud for Telecommunications. This collaboration is a comprehensive approach to accelerating Communication Service Providers' (CSPs') digital transformation worldwide. CSPs may upgrade their business platforms and avoid difficult transformative cycles thanks to Comviva's BlueMarble Solution.
Increasing Use of SMS Firewalls to Monetize SMS Traffic Drive the Market Growth
Mobile network operators use SMS firewalls more frequently to shield their clients from potential regional and global cyber threats, which is also anticipated to support the market's revenue growth shortly. A company's hardware, software, and applications locations vary between on-premise and cloud I.T. systems. Today, on-premise infrastructures, which have their applications on-site, are more popular, which is anticipated to affect market revenue growth positively.
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Increased Number of Cyber Attacks to Limit Market Growth
Major obstacles to the deployment of SMS firewalls include accessibility in the current signaling systems and a lack of knowledge. Additionally, a significant reason that may slow the growth of the SMS firewall market is the increase in cyberattacks. Furthermore, the SMS firewall industry is predicted to suffer from a lack of technological expertise and the entry of OTT rivals.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the SMS firewall market plan acquisitions to improve their brand recognition globally. For instance, in February 2019, to analyze and monitor any leakage when using its International Application to Person SMS hub, Monty Mobile developed an agreement with Glo Ghana.
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List of Key Players Profiled in the Report
- SharkNinja
- Oster
- Magic Bullet
- Hamilton Beach
- Epica
- Duronic
- BELLA
- Hamilton
- Jamba
- Vitamix
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