The Network
encryption market is expected to reach USD 5.80 Billion by 2026,
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.
To identify the key trends in the industry, click on the
link below:
Further key findings from the report suggest
Ø The
Network encryption market is estimated to reach USD 5.80 Billion by 2026, at a
CAGR of 9.4% during the forecast period.
Ø It
is observed that there has been a constant rise in the organization's
encryption policy in the past few years that is applied consistently across the
whole company.
Ø This
can be mainly associated with the rising need to shield organization’s network
security, and increasing technological advancement, which is expected to
further accelerate the market growth globally.
Ø The
services segment is anticipated to grow at the highest rate of 25.3% during the
forecast period.
Ø The
Greater Than 10g & less than 40g data rate accounts for the largest share
of 38.8% of the market in 2018.
Ø The
Telecom & IT end user segment accounts for the largest share of 39.3% in
2018.
Ø Among
organization size, large enterprises accounts for the larger share of 54.4% in
2018.
Ø The
optical transmission medium accounts for the largest share of 39.8% of the
market in 2018.
Ø APAC
is forecasted to grow at a rate of 9.4% during the forecast period.
Ø Various
players are working on improving the functionality of several security
solutions to mitigate the advanced security threats and data breaches
Ø Atos
developed an IP network encryption solution named Trustway IP Protect in
October 2018.
Ø It
provides the highest level of security for shielding its sensitive data against
thefts.
Ø The
Key players in the Netwrok 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.
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For the purpose of this study, Reports and Data have
segmented the Network Encryption market on the basis of Component, Data rate,
Transmission medium, Organization size, End user and region:
Component Outlook (Revenue, USD Million; 2018-2026)
- Hardware
- Platform
- Services
Data Rate Outlook (Revenue, USD Million; 2018-2026)
- Greater
Than 10g & Less Than 40g
- Greater
Than 40g & Less Than 100g
- Less
Than 10g
- Others
Transmission medium Outlook (Revenue, USD Million;
2018-2026)
- Optical
Transmission
- Coaxial
Cable
- Twisted
Pair Cable
- Radio
waves & Microwaves
Organization size Outlook (Revenue, USD Million;
2018-2026)
- Small
and Medium Enterprises
- Large
Enterprises
End user Outlook (Revenue, USD Million; 2018-2026)
- Telecom
& IT
- BFSI
- Media
& Entertainment
- Government
- Others
Regional Outlook (Revenue, USD Billion ; 2018-2026)
- North
America
- U.S.
- Europe
- France
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East and Africa
Read More Report of
Information and Communication Technology Category at: https://www.reportsanddata.com/report/category/information-technology
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