The Latin America, Middle East and Africa Short Message Service (SMS) Firewall Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).
The implementation of security standards, such as IR 70 and IR 71, by the government to protect subscriber information and rights is likely to accelerate the growth of the SMS firewall industry. The SMS firewall market is anticipated to grow as regulations that require periodic checks and the identification and blocking of grey channels are implemented.
With the development of technology, hackers are breaking through many firewall layers. Additionally, the development of the SMS firewall market is anticipated to be threatened by programming errors and a lack of technical knowledge in firewall construction. The functioning of firewall systems may be compromised by varied filtering criteria for various traffic sources, such as SMPP connections and MSISDN.
The expansion of the sector is predicted to slow down due to the rising number of traffic sources. It is anticipated that the business will grow quickly due to the growing trend among firewall suppliers to offer 3600 security solutions. The businesses offer customized solutions and comprehensive A2P monetization that goes beyond SMS to include phone verification lookups and portability.
On January 2, 2022, Federal Decree-Law No. 34 of 2021 on Combating Rumors and Cybercrimes (available only in Arabic) went into effect. It nullifies the revised version of Federal Law 5 of 2012 on Combating Cybercrimes. A thorough legal framework is provided by the new law to address issues with the abuse and exploitation of online technologies. It strives to increase protection against online crimes perpetrated via networks, platforms, and information technology. Additionally, it aims to protect the databases and websites of the UAE's government, stop the dissemination of rumors and false information, fight against electronic fraud, and uphold individual rights and privacy. This reason is anticipated to encourage the SMS firewall market's expansion in the LAMEA region.
The Brazil market dominated the LAMEA Short Message Service (SMS) Firewall Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $85.5 million by 2028. The Argentina market is experiencing a CAGR of 16% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 15% during (2022 - 2028).
Based on Component, the market is segmented into Platform and Services. Based on SMS Type, the market is segmented into A2P Messaging and P2A Messaging. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on SMS Traffic, the market is segmented into National and International. Based on End User, the market is segmented into IT & Telecom, BFSI, Retail & Ecommerce, Healthcare, Government & Public Sector, Media & Entertainment and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Short Message Service (SMS) Firewall Market is Predict to reach $4.1 Billion by 2028, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Comviva Technologies Limited (Tech Mahindra Limited), Infobip Ltd., Adaptive Mobile Security Limited (Enea AB), Tata Communications Limited (Tata Group), Proximus Group (BICS), Sinch AB, Mobilem Inc., Cellusys Limited, Monty Mobile, and Proofpoint, Inc.
By Component
By SMS Type
By Deployment Mode
By SMS Traffic
By End User
By Country
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