Market research firm Infonetics Research said around 10 trillion SMS/MMS messages are generated annually, opening up new opportunities for spammers and hackers.
“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,” notes Jeff Wilson, principal analyst for security at Infonetics Research.
Continues Wilson: “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.”
This throws out a security challenge to carriers who 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 by Infonetics to reach $70 million, a 70% increase over 2012.
Cloudmark and AdaptiveMobile are said to be 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.