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.
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Table Of Contents-
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Network Encryption Market Segmentation & Impact Analysis
4.1. Network Encryption Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Security concerns of organization’s network
4.2.2.2. Growing demand to meet several regulatory compliances
4.2.3. Market restraints analysis
4.2.3.1. Frequent changes of data policies by government
4.2.3.2. Lack of knowledge about security threats
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis Chapter 5. Network Encryption Market By Component Insights & Trends
5.1. Component Dynamics & Market Share, 2019&2026
5.2. Hardware
5.2.1. Market estimates and forecast, 2016 – 2026 (USD Million)
5.2.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Million)
5.3. Platform
5.3.1. Market estimates and forecast, 2016 – 2026 (USD Million)
5.3.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Million)
5.4. Services
5.4.1. Market estimates and forecast, 2016 – 2026 (USD Million)
5.4.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Million)
Continued…
The research study comprises of vital information focusing on major market trends and estimated revenue growth rate. Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors. It focuses on the mergers and acquisitions, joint ventures, partnerships, collaborations, product launches, brand promotions, and agreements, among others. The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.
Key companies operating in the market include: 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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The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. The report also provides an extensive analysis of key regions where the market has established its presence. The report covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. A country-wise analysis is also included to offer better insights into regional spread of the Network Encryption market.
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
Further key findings from the report suggest
- The Network encryption market is estimated to reach USD 5.80 Billion by 2026, at a CAGR of 9.4% during the forecast period.
- 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.
- 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.
- The services segment is anticipated to grow at the highest rate of 25.3% during the forecast period.
- The Greater Than 10g & less than 40g data rate accounts for the largest share of 38.8% of the market in 2018.
- The Telecom & IT end user segment accounts for the largest share of 39.3% in 2018.
- Among organization size, large enterprises accounts for the larger share of 54.4% in 2018.
- The optical transmission medium accounts for the largest share of 39.8% of the market in 2018.
- APAC is forecasted to grow at a rate of 9.4% during the forecast period.
- Various players are working on improving the functionality of several security solutions to mitigate the advanced security threats and data breaches
- Atos developed an IP network encryption solution named Trustway IP Protect in October 2018.
- It provides the highest level of security for shielding its sensitive data against thefts.
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According to research report "Network Encryption Market by Component (Hardware, Platform and Services), Transmission Type (Traditional Transmission and Optical Transmission), Data Rate, Organization Size, Vertical, and Region - Global Forecast to 2023", is expected to grow from USD 2.9 billion in 2018 to USD 4.6 billion by 2023, at a CAGR of 9.8% during the forecast period.
Major growth factors for the network encryption market include a growing demand to meet various regulatory compliances and an increasing focus to shield organizations from network security breaches.Browse 67 market data Tables and 42 Figures spread through 159 Pages and in-depth TOC on "Network Encryption Market - Global Forecast to 2023"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187543224The hardware component to hold the largest market size in the global network encryption market during the forecast periodRisks and threats are becoming advanced and have the capability of hampering enterprises and other critical infrastructure.
Therefore, enterprises across the globe are constantly searching for the cost-effective and robust products to improve the network security and offer enhanced experience to customers.
Moreover, hardware components offer advanced security against threats on endpoints, networks, and applications.The BFSI vertical to grow at the highest CAGR during the forecast periodIn the digitally interconnected world, the BFSI vertical is vulnerable to data breaches.
Network encryption solutions are used in the BFSI vertical to control and secure customers’ sensitive data and provide protection to their company from risk of data breach.
Major growth factors for the network encryption market in North America include developed economies, technological enhancements, and advanced network infrastructure.
The market research report on the Global Network Encryption Market published by Reports and Data has been formulated through a series of extensive primary and secondary research and further verified and validated by industry experts and professionals.
The well formulated research report aims to provide the readers a better understanding of the industry and help them formulate strategic investments plans to maximize on lucrative growth opportunities and gain a strong foothold in the market.
The report also evaluates the market dynamics including drivers, restraints, opportunities, threats, challenges, and other key segments.
The study covers critical current market trends along with an extensive analysis of emerging trends.Key companies operating in the global market include: Network Encryption Market includes 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.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1555The report covers a detailed examination of the market scenarios and trends on a regional and global level.
It also studies import/export, supply and demand ratio, production and consumption and presence of key companies in the region.The study covers the current competitive scenario with a special emphasis on the strategic initiatives taken by the prominent players of the industry.
The report specifically focuses on strategic alliances such as collaborations, partnerships, agreements, mergers and acquisitions, joint ventures, and product launches, among others.
