Network Encryption Market Definition
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.
The market study is broken down, by Application (Telecom & IT, BFSI, Media & Entertainment, Government and Others) and major geographies with country level splits. According to AMA, the Global Network Encryption market is expected to see growth rate of 9.67%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Network Encryption market throughout the predicted period.
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 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).
AdvanceMarketAnalytics has segmented the market of Global Network Encryption market by Type, Application 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 2018. Europe on the other hand stood as second largest market due to the presence of key companies into 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.
Market Leaders and their expansionary development strategies
On 1st 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.
On 10th 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. and On 6th June 2018, Gemalto, the world leader in digital security has launched a new virtualized network encryption platform, SafeNet Virtual Encryptor CV1000.
- Emerging Requirement to Shield Organizations from Network Security Breaches
- Growing Dependency in BFSI Industry
- Rising concerns related to hacking and security breaches over the network
- Developing Demand to Comply With a Large Number of Regulatory Standards
- Adoption of IoT based Services
- Rising Opportunity of Cloud-Based Solution in Network Encryption
- High Cost of Network Encryption
- Changing Government Regulations for data Protection
Key Target AudienceNetwork Encryption Service Provider, Component Manufacturers, Technology Solution Providers, Government Regulatory Bodies, Government Research Agencies, Private Research Agencies and Other
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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