Network Encryption Market 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.
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The hardware component to hold the largest market size in the global network encryption market during the forecast period
Risks 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. Hardware devices play a vital role in the network encryption market for performing the processing function in terms of performance, such as high speed and low latency; and provide robust security. 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 period
In the digitally interconnected world, the BFSI vertical is vulnerable to data breaches. The vertical is constantly upgrading its processing and transaction technologies and requires end-to-end security solutions to optimize operations against internal and external threats. With services such as smart banking, internet banking, and mobile banking, the security of payment data transmitted over the network becomes a priority for organizations in the BFSI vertical. It makes the vertical an attractive target for fraudsters who intend to exploit sensitive customer information. 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. With the help of network encryption solutions, the BFSI vertical can offer financial security, online fund transfer security, and data security by encrypting files, data, and emails. An increasing need to adhering to regulations such as Gramm-Leach-Bliley Act (GLBA) and Payment Card Industry Data Security Standard (PCI DSS) has led BFSI companies to deliver security solutions with network encryption solutions.
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North America to hold the largest market size during the forecast period
North America, comprising the US and Canada, is estimated to account for the largest share of the market in 2018. The region is an early adopter of innovative technologies. Major growth factors for the network encryption market in North America include developed economies, technological enhancements, and advanced network infrastructure. North America also has a large presence of key industry players offering network encryption components and its advanced economies enable the companies in the region to invest majorly in the leading tools and technologies for effective business operations.
Major vendors offering network encryption across the globe include Cisco (US), Juniper Networks (US), Gemalto (Netherlands), Nokia (Finland), Thales eSecurity (US), Atos (France), Ciena (US), Rohde & Schwarz Cybersecurity (Germany), ADVA (Germany), Colt Technology Services (UK), Huawei (China), Aruba (US), F5 Networks (US), Stormshield (France), ECI Telecom (Israel), Senetas (Australia), Viasat (US), Raytheon (US), Quantum (US), TCC (US) , ARRIS (Georgia), atmedia (Germany), Securosys (Switzerland), PacketLight Networks (Israel), and Certes Networks (US).
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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.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1555Table Of Contents-Chapter 1.
Network Encryption Market Segmentation & Impact Analysis 4.1.
Market estimates and forecast, 2016 – 2026 (USD Million) 5.2.2.
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.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1555The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size.
According to the new market "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 report consists of all the detailed profiles for the Network Encryption Market major manufacturers and importers who are influencing the market.
This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.Global network encryption market is expected to rise from its initial estimated value of USD 2.91 million in 2018 to an estimated value of USD 6.03 million by 2026, registering a CAGR of 9.55% in the forecast period of 2019-2026.Fill Out Details to Receive Sample Report Copy Here @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-network-encryption-marketMarket Definition: Global Network Encryption MarketNetwork encryption can be defined as a process of encoding the message or the data which is being sent or transmitted to the other network.
This process ensures that the data or message which is being transferred is unreadable or cannot be decoded easily while transmission are undergoing between two or more nodes of network.Segmentation: Global Network Encryption MarketGlobal network encryption market is segmented on the basis of transmission type, component, data rate, organization size, vertical and geography.By Transmission Type (Optical Transmission, Traditional Transmission)Component (Hardware, Platform, Services)Data Rate (Less Than 10g, Greater Than 10g and Less Than 40g, Greater Than 40g and Less Than 100g, Greater Than 100g)Organization Size (Small and Medium-Sized Enterprises, Large Enterprises)Vertical (Telecom and IT, Banking, Financial Services and Insurance, Media and Entertainment, Government, Others)Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Key vendors operating in the Market:Few of the major competitors currently working in the network encryption market are Cisco, Juniper Networks Inc., Gemalto NV, Nokia, Thales eSecurity, Atos SE, Ciena Corporation, ROHDE, ADVA Optical Networking, Colt Technology Services Group Limited, Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Development LP, F5 Networks Inc., ECI TELECOM, Senetas, Viasat Inc., Raytheon Company, Quantum Corporation, Technical Communications Corporation, ARRIS International plc, atmedia GmbH, Securosys SA, PacketLight Networks, and Certes Networks Inc.Focal points covered in this Network Encryption Market reportThis Network Encryption Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.TheNetwork Encryption Marketresearch report includes investigation at global and regional levels.
These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market developmentVarious Topics such as product offering, finance related data, recent developments, analysis of Strengths, weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.FACTORS DRIVING GROWTH IN NETWORK ENCRYPTION MARKETRising number of data breach which lead to expose of important informationThe cases or attempt to breach the data has been increasing year by year across the globe.
