The network security firewall market is segmented on the basis of component (solution and service), deployment, type, and region. The solution segment is bifurcated into signaling firewall and SMS firewall. The signaling firewall solution segment is further segmented into SS7, diameter firewall, and others. The SMS firewall solution segment is further categorized into A2P and P2A messaging solutions.

Some of the upcoming industry solution in Network security firewall market are Packet Filtering, Stateful Packet Inspection, Next Generation Firewall and Unified Threat Management

Mobile operators' increased focus on preventing spam messages will be a major driver for the growth of SMS Firewall market.

The global network security firewall market size is expected to grow from USD 3.0 billion in 2018 to USD 5.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.2%.

The SMS firewall solution segment is expected to hold a larger market size during the forecast period, as increasing number of telecom organizations are adopting A2P messaging solutions. Additionally, SMS firewall solutions are used in network security firewall applications for the detection of malware over the operator’s network. The deployment type segment is categorized into cloud, on-premises, and network function virtualization (NFV). Additionally, enterprises are deploying their firewall solution virtually which is more secure as compared to on-premises and data becomes more assured.

Europe consists of many developed and developing countries such as the UK, Ireland, Sweden, Germany, France, and Italy, which have a broad subscriber base for telecom companies. The region has witnessed considerable growth in the adoption of smart technology in the past few years and has influenced growth of telecom services market. Enterprises, SMS aggregators, and mobile network operators in the region tend to modernize their A2P messaging solutions and recoup their revenue activities due to several cyber threats. The UK and Germany have always been on the top of the target list of attackers. The region is the home for major network security firewall solution providers, such as AdaptiveMobile, Cellusys, Sinch, BICS, SAP, and Orange. In 2018, the European Commission announced the creation of first ever Digital Europe Program and invest EUR 9.2 billion in advanced technologies during 2021–2027.