DUBLIN–(BUSINESS WIRE)–The “SMS Firewall Market by Component (SMS Firewall Platform and Services (Professional and Managed)), SMS Type (A2P and P2A Messages), SMS Traffic (National and International), Deployment Mode (On-premises and Cloud), and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global SMS firewall market size is projected to grow from USD 2.2 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 7.0% during the forecast period.
The major factors driving the growth of the SMS firewall market include stringent government compliance and increased adoption of Application-to-Person (A2P) messaging traffic. The entrance of Over-the-top (OTT) players into messaging businesses are expected to pose as a restraining factor for the growth of the SMS firewall market.
Managed services segment to grow at a higher CAGR during the forecast period
SMS firewall vendors offer a diverse range of managed services
Article source: https://www.businesswire.com/news/home/20200626005217/en/SMS-Firewall-Market-Component-SMS-Type-SMS
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