Global Network Encryption Market by Transmission Type (Optical Transmission, Traditional Transmission (Twisted Pair Cable, Coaxial Cable, Radiowaves and Microwaves)), Component (Hardware, Platform, Services (Advisory Services, Integration and Implementation Services, Training and Support Services, Managed 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), and Region (North America, Europe, Asia Pacific, Middle East & Africa, And South America) is expected to reach US$ 5.2Bn By 2026, at a CAGR of 10.15% during a forecast period.
Major growth factors for the market include a growing demand to meet different regulatory compliances and an increasing focus on shielding organizations from network security breaches. However, frequent changes in government policies for data protection across regions may hamper market growth.
The Small and Medium-Sized Enterprises segment to grow at the highest CAGR during the forecast period
Small and Medium-Sized Enterprises are quickly adopting network encryption solutions to provide advanced protection for vital data against frauds and data breaches. Small and Medium-Sized Enterprises have a store of hosted services in the cloud; therefore, they majorly adopt enhanced and reliable network encryption solutions.
Hardware segment is dominating the Global Network Encryption Market.
The performance of hardware equipment, with high speed, low latency and robust security, play a vital role in the network encryption market. Additionally, hardware components provide advanced security beside endpoint, network and application threats.
North America is leading the Global Network Encryption Market.
North America, holds the major network encryption market as per the regions segment of the network encryption market. North America owns developed economies with the US and Canada. In terms of government regulations and compliance, the North American market proposals suitable platforms for companies and SMEs. Enterprises are therefore growing at a rapid pace and large demand network encryption.
Key Players operating the Global Network Encryption Market are Cisco, Thales Esecurity, Atos, Juniper Networks, Certes Networks, Rohde & Schwarz Cybersecurity, Adva, Gemalto, Nokia, Colt Technology Services, Aruba, Huawei, Ciena, Eci Telecom, Senetas, Viasat, F5 Networks, Raytheon, Arris, Stormshield, Atmedia, Securosys, Packetlight Networks, Quantum Corporation, Technical Communication Corporation.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Network Encryption Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Network Encryption Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Network Encryption Market positioning of competitors.
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