Nov 23, 2021 (AmericaNewsHour) — In a recently published report, SMS Firewall Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for SMS Firewall Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global SMS Firewall Market is valued approximately USD 1.9 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 10.36 % over the forecast period 2019-2026. The SMS firewall refers to the solution that helps in protecting and blocking illegal SMS traffic through the use of SMS aggregators and MNOs (Mobile Network Operators). With the increasing data traffic, the network operators receive large volume of spam messages that block the network bandwidth and negatively impact the service quality. SMS firewall help Mobile network operators to overcome this problem, reduce operational cost and also to enhance the customer service experience.
As per Communications Fraud Control Association Telecom fraud which consists of Voice frauds and SMS frauds amounted to a loss of USD 30 billion in revenue across the globe. Growing security and privacy concerns across the globe coupled with stringent regulations are spurring the demand for SMS firewall market. Apart from this, growing trend of mobile marketing is expected to create significant growth opportunity in the market over the forecast period. However, Technical Anomalies impedes the growth of the market over the forecast period of 2019-2026.
In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.
As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
The regional analysis of global SMS Firewall market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to large scale implementation of SMS firewall solutions by SMS and MNOs. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing adoption of A2P messages across different industry verticals such as e-commerce, travel, banking and more and implementation of strong rules and regulation for SMS spam traffic would create lucrative growth prospects for the SMS Firewall market across Asia-Pacific region.
Market player included in this report are::
*Cellusys
*Symsoft
*Route Mobile Limited
*Anam Technologies
*Belgacom ICS (BICS)
* Tyntec
* SAP
*Mahindra ComViva
*Tata Communications
*Twilio
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By SMS Type:
A2P Messaging
P2A Messaging
By SMS Traffic:
SMS Exchange
International Exchange
Others
By Messaging Platform:
Cloud
Traditional
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Source: Market Watch
