Advancement in technology and high demand for data security and to meet regulatory compliances leads to the growth of Network Encryption System Market. It is a process of encoding a message or information in a way that only authorized parties can have access to it. Network encryption also is known as Network layer, or Network level encryption) is a network security process that uses crypto services at the network transfer layer - above the data link level, but below the application level. The network transfer layers are layers 3 and 4 of the Open Systems Interconnection reference model, the layers which is responsible for connectivity and routing between two end points. Network encryption is invisible to the end user and operates independently. This System does not only help prevent interference but denies intelligible content to a would-be interceptor. The intended information or message referred as plain text is encrypted using an encryption algorithm, cipher generating text that can only be read if decrypted.
AMA Research have segmented the market of Global Network Encryption System market by Type, Application and Region. On the basis of Type, Hardware are dominating the market in the year 2020
On the basis of geography, the market of Network Encryption System 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 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Emerging Economies like APAC and MEA Adopting Network Encryption System
Increasing Demand to Shield Organizations from Network Security Breaches, High Demand to Meet Regulatory Compliances and Rising Demand for Optical Transmission
Increasing Demand For Cloud-Based Services and IoT is Creating Opportunities For Key Vendors.
- Cost Factor Involved With Such Network Encryption System
In addition to the aforementioned factor, Increasing Demand to Shield Organizations from Network Security Breaches
is expected to propel the growth of the market over the forecast period.
The market is fragmented by numerous players who are involved in innovation and making Network Encryption System more sophisticated for end users. Strategic Collaborations are being carried out by market players. In September 2018, Juniper Networks partnered with Ericsson to deliver and manage comprehensive end-to-end 5G solutions. This deepened partnership aims to offer service providers a complete solution from radio to core for new-service delivery while managing mounting complexity. 5G is expected to be a game changer for the next generation of business and consumer services, but the increase in connectivity, network traffic, and customer expectations
The key Players profiled in the study are Cisco (United States), Jupiter Network (United States), Thales eSecurity (United States), Atos (United States), Ciena (United States), Aruba (United States), F5 Network (United States), Viasat (United States), Huwaei (China), TCC (United States) and Raytheon (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.