Just in time for the new year, market research firm Infonetics Research has published excerpts from its latest SMS/MMS Security Gateways, market size and forecasts report.
The report in question tracks short message service (SMS) and multimedia messaging service (MMS) security gateways.
“The popularity of SMS and MMS has soared over the last decade, but carriers around the globe are just now beginning to seriously evaluate and deploy SMS/MMS security gateway solutions, forced by economic, regulatory, and attack conditions,” explains Jeff Wilson, principal analyst for security at Infonetics Research.
“A trend we’re seeing as a result of regulatory pressure is major carriers in a region looking at SMS/MMS security solutions as a group and selecting a single vendor or technology, causing initial adoption to happen at once in that country or region, like Cloudmark/TeleDNA’s recent deployment in India,” Wilson adds.
Among the security gateway market highlights published are:
- Around 10 trillion SMS/MMS messages are generated annually, opening up new opportunities for spammers and hackers
- As a result, carriers are stepping up spending on security gateway solutions designed to combat SMS/MMS spam and threats
- For the full year 2013, the global SMS/MMS security gateway market is projected to reach $70 million, a 70% increase over 2012
- Cloudmark, who is closing out 2013 particularly strong, and AdaptiveMobile are the current revenue leaders in the SMS/MMS security gateway space
- Infonetics expects the next 12 months to bring consolidation to the SMS/MMS security gateway industry, with major networking/telecom equipment suppliers and focused network security players entering the fray
- Worldwide, the SMS/MMS security gateway market is forecast by Infonetics to grow at a 56% compound annual growth rate (CAGR) from 2012 to 2017