Mobile messaging security market to grow at 56% CAGR from 2012-17

Mobile messaging security market to grow at 56% CAGR from 2012-17

Mobile messaging security market (SMS/MMS security gateway market) worldwide is likely to grow at a 56% compound annual growth rate (CAGR) from 2012 to 2017, anticipates Infonetics Research.

SMS/MMS security gateway market reached $70 million in 2013 globally, a 70% increase over 2012, said Infonetics Research in a report.

The report said that 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

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

"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.

He further added, "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."