Infonetics' SMS/MMS Security Gateways report states that the market for SMS and MMS security gateways and firewalls totaled $41 million worldwide in 2012 and is expected to reach $363 million by 2017.

According to Infonetics, economic, regulatory and attack conditions are coming together in a way that's driving carriers to seriously evaluate and begin deploying SMS/MMS security gateway solutions from providers such as AdaptiveMobile, Anam, Cellusys, Cloudmark, Mahindra, Oracle/Tekelec, Protei and Symsoft.

"With nearly 10 trillion SMS/MMS messages being generated annually worldwide, SMS spam, mobile malware and SMS-generated multi-vector threats are an ever-increasing problem," Infonetics principal analyst for security Jeff Wilson said in a statement.

"But many mobile carriers haven't yet invested in SMS/MMS security solutions, representing a large greenfield opportunity for makers of security gateways," Wilson added. "We're expecting global revenue for SMS/MMS security gateways to grow at a staggering 55 percent CAGR from 2012 to 2017."