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High growth seen in mobile messaging security

Infonetics Research : 10 January, 2014  (New Product)
Infonetics examines the growth in security for SMS and MMS security on mobile devices as popularity continues to increase
High growth seen in mobile messaging security

Market research firm Infonetics Research released excerpts from its latest SMS/MMS Security Gateways market size and forecasts report, which tracks short message service (SMS) and multimedia messaging service (MMS) security hardware and software, such as SMS firewalls and mobile messaging security platforms.

"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 mobile messaging security 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."

Mobile Messaging Security Market Highlights

* 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, which closed 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

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