About Network Encryption
Network encryption also called as network layer or network level encryption. It is the process of encrypting or encoding data or information and messages transmitted or communicated over a computer network. This is main purpose of network encryption is message or information should be unreadable when in transit between two or more network nodes. There are two type of network transmission including traditional and optical. Rising concerns related to hacking and security breaches over the network will help to boost global network encryption network market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 9.67% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Network Encryption market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco (United States), Juniper Networks (United States), Gemalto (Netherlands), Nokia (Finland), Thales eSecurity (United States), Atos (France), Ciena (United States), Rohde & Schwarz Cybersecurity (Germany), ADVA (Germany), Colt Technology Services (United Kingdom) and Huawei (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Aruba (United States), F5 Networks (United States), Stormshield (France), ECI Telecom (Israel), Senetas (Australia), Viasat (United States), Raytheon (United States), Quantum (United States), TCC (United States) and atmedia (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Network Encryption market by , Application (Telecom & IT, BFSI, Media & Entertainment, Government and Others) and Region.
On the basis of geography, the market of Network Encryption has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Transmission , the sub-segment i.e. Traditional Transmission (Twisted Pair Cable, Coaxial Cable, Radio waves & Microwaves) will boost the Network Encryption market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Data Rate, the sub-segment i.e. <10G will boost the Network Encryption market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Network Encryption market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. Small & Medium-Sized Enterprises will boost the Network Encryption market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Requirement to Shield Organizations from Network Security Breaches and Growing Dependency in BFSI Industry
Market Growth Drivers:
Rising concerns related to hacking and security breaches over the network and Developing Demand to Comply With a Large Number of Regulatory Standards
Challenges:
Changing Government Regulations for data Protection
Restraints:
High Cost of Network Encryption
Opportunities:
Adoption of IoT based Services and Rising Opportunity of Cloud-Based Solution in Network Encryption
Market Leaders and their expansionary development strategies
In October 2018, Cisco is an American multinational technology conglomerate has acquired Duo Security the leading provider of unified access security and multi-factor authentication delivered through the cloud. The deal was established for 2.35 billion dollar in cash and assumed equity awards for 100% of Duo's outstanding shares, warrants and equity incentives on a fully-diluted basis.
In October 2018, Atos, a global leader in digital transformation has launched its new range of IP network encryption solutions, Trustway IP Protect. This solution collects the most innovative security features to allow businesses to successfully defend themselves against the theft of sensitive data.
Key Target Audience
Network Encryption Service Provider, Component Manufacturers, Technology Solution Providers, Government Regulatory Bodies, Government Research Agencies, Private Research Agencies and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.