NEW YORK, Sept. 13, 2017 /PRNewswire/ — “Stringent regulations are driving the demand for SMS firewall solutions.”
MarketsandMarkets: The SMS firewall market size is expected to grow from USD 1.73 billion in 2017 to USD 2.82 billion by 2021, at a CAGR of 10.4%. Growing security and privacy concerns across the globe, stringent government regulations, increased adoption of Application to Person (A2P) messaging, and growing focus on preventing revenue loss due to grey routes are some of the factors driving the growth of the global SMS firewall market.
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“A2P messaging segment is expected to grow at a higher rate during the forecast period.”
The A2P messaging segment is expected to grow at a higher rate in the SMS firewall market during the forecast period. The demand for A2P traffic is witnessing a strong growth across enterprises. Various industry verticals such