SMS Firewall Market is Estimated to Witness High Growth Owing to Rising Cyber
The global SMS firewall market is estimated to be valued at US$ 2350.4 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: SMS firewall has become a necessity to curb the rising cases of SMS spam and frauds. It provides protection from unwanted messages that lead to privacy breaches and financial losses. SMS firewall solutions offer advanced filtering capabilities to identify and block malicious messages based on semantic analysis, sender reputation and geographical tagging in just three sentences.
Weakness: Small businesses and individuals may find commercial SMS firewall solutions expensive given their limited budgets in two sentences. Open-source or free SMS firewall options have limited functionalities compared to paid solutions in two sentences.
Opportunity: With the increasing digitization across industries, the role of mobile communication is growing significantly providing scope for SMS firewall vendors to target enterprise customers spanning banking, e-commerce, and healthcare sectors in three sentences. Developing economies with emerging digital infrastructure can serve as new markets for SMS firewall providers in three sentences.
Threats: Free or built-in SMS filtering options offered by mobile operators pose pricing pressure on dedicated firewall vendors in two sentences. Strict privacy laws around the world challenge the scope of analytical capabilities of SMS firewalls raising compliance issues in two sentences.
Key Takeaways
The Global SMS Firewall Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The global SMS Firewall Market is estimated to be valued at US$ 2350.4 million in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030.
Asia Pacific region is projected to dominate the SMS Firewall market during the forecast period. This can be attributed to the rapid digitization and increasing mobile subscriber base in developing countries such as India and China.
Key players related content comprises Key players operating in the SMS Firewall market are EverZinc, S. Zinc, Numinor Chemical Industries Ltd., Hanchang, Silox India Private Limited, Metal Powder Company Limited (MEPCO), Toho Zinc Co., Ltd., Hakusui Tech Co., Ltd., Pars Zinc Dust Manufacturing Co. (PZD), and Jiangsu Shenlong Zinc Industry Co., Ltd.
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