SMS FIREWALL MARKET ANALYSIS

Sms Firewall MarketSize and Trends

Market Trends

The application to person messaging segment is anticipated to exhibit the highest CAGR over the forecast period. Increasing demand for application to person message in various verticals such as e-commerce, travel, healthcare, finance, banking industry provided a swift growth to this segment in the global SMS Firewall market. Notifications, sending alerts and marketing messages for instance, One Time Password (OTP) verifications, flight alerts, banking updates, and promotional messages are some of the common cases of the application to person messaging segment, which helps accelerate the global SMS firewall market.

The managed service segment is anticipated to exhibit the highest CAGR over the forecast period. The managed services enable end users to configure and deploy application and software on their devices. The provision of various managed services by venders such as firewall configurations and management, client-hosted operations, 24/7 remote support, inventory tracking, monitoring and vigilance, and firewall services have increased the market share of managed services segment in the global SMS firewall market.