The Network encryption market is expected to reach USD 7.02 Billion by 2028, according to a new report by Reports and Data. As cybercriminals become more advanced, it becomes more accessible to bypass security standards and acquire sensitive private data. While companies and customers are equally accountable for shielding themselves and accompanying most suitable practices, developers are always implementing new technologies to face the ever-evolving cyber security threats, as they’re the ones developing the methods and algorithms that keep data encrypted and secured.
This can be mainly associated with increasing technological advancement, and emergence of IoT, which are expected to further accelerate the market growth globally. Tremendous opportunity for growth awaits the market as it is an emerging technology. Continuous monitoring and identification of the threats are promoted through the application of analytical tools.
Network encryption acts as the security boundary between the communications of multiple networks. It is executed over internet protocol security (IPSec) through different algorithms, a set of open IETF (Internet Engineering Task Force) standards that are used in combination, to build a structure for private communication over IP networks. IPSec operates through network structure, which means that there is no need to alter the end users, and applications in any way. Encrypted packets seem to be identical to unencrypted packets and can be easily routed through an IP network.
North America region is forecasted to witness the highest CAGR of 9.8% during the forecast period, due to the growing digitalization rate, adoption of security solutions at a large scale and high government policies.
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Some of the key players operating in the Network Encryption market include:
Cisco, Thales eSecurity, Gemalto, Juniper Networks, Nokia, Atos, Ciena, ADVA, Colt Technology Services, Rohde & Schwarz Cybersecurity, Huawei, TCC, F5 Networks, Stormshield, ECI Telecom, Aruba, Senetas, Raytheon, Viasat, ARRIS, Quantum, atmedia, PacketLight Networks, Securosys, Certes Networks.
Segments covered in the report:
Component Outlook (Revenue, USD Million; 2020-2028)
Data Rate Outlook (Revenue, USD Million; 2020-2028)
- Greater Than 10g & Less Than 40g
- Greater Than 40g & Less Than 100g
- Less Than 10g
Transmission medium Outlook (Revenue, USD Million; 2020-2028)
- Optical Transmission
- Coaxial Cable
- Twisted Pair Cable
- Radio waves & Microwaves
Organization size Outlook (Revenue, USD Million; 2020-2028)
- Small and Medium Enterprises
- Large Enterprises
End user Outlook (Revenue, USD Million; 2020-2028)
- Telecom & IT
- Media & Entertainment
On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to the analysis, North America is expected to dominate the market with the highest market share. Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.
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Beneficial Aspects of the Report:
- Global and region forecast of the Network Encryption market from 2020-2027
- In-depth analysis of market dynamics, industry outlook, market size based on types and applications
- Details of value chain analysis, supply and demand ratio, production and consumption patterns
- SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive players
- Detailed insights on competitive landscape and emerging market trends
The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals. The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources. The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.
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