The global market for mobile security gateways is expected to generate $70 million in revenues this year, a 70% increase on sales in 2012, according to a new study from Infonetics Research.
“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,” said 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,” added Wilson.
Infonetics Research reckons that some 10 trillion SMS/MMS messages are generated annually and that this represents a major opportunity for spammers and hackers.
Nevertheless, operators are responding by stepping up their spending on security gateway solutions designed to combat these threats.
Cloudmark (San Francisco, CA, USA) and AdaptiveMobile (Dublin, Ireland) are currently leading the industry in terms of revenue share, according to Infonetics Research, with the next 12 months expected to be marked by consolidation as major network equipment suppliers and security players enter the market.
Infonetics Research expects global market revenues to increase at a compound annual growth rate of 56% between 2012 and 2017.