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Network Encryption Markets to 2023: Worldwide Forecast - The Growing Demand to Comply With the Large Number of Regulatory Standards is Driving the MarketDUBLIN, Jan. 31, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering. The global network encryption market size is expected to grow from USD 2.9 billion in 2018 to USD 4.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Major growth factors for the market include an increasing demand to meet different regulatory compliances and a growing focus on shielding organizations from network security breaches. However, frequent changes in government policies for data protection across regions may hinder market growth. SMEs are majorly benefitting from network encryption solutions, as the solutions enable them to move data securely and maintain the integrity of data to minimize data fraud and boost business operations. Moreover, network encryption solutions can help SMEs elevate their anonymity and privacy thus keeping them ahead of threats from security breaches while reducing complexities and compliance costs. Coaxial cable and twisted pair cable are the guided mediums while radiowaves/microwaves facilitate transmission through an unguided wireless medium. Guided mediums offer more security for data transmission as compared to unguided mediums. Major APAC countries, such as China, Japan, and Australia and New Zealand, offer various opportunities for network encryption vendors across verticals, such as telecom and IT, government and media and entertainment. Meanwhile, North America is projected to hold the largest market size during the forecast period. Topics Covered 1 Introduction 5.2.1.2 Growing Need to Shield Organizations From Network Security Breaches 5.2.2 Restraints 5.2.2.1 Frequent Changes in Government Policies for Data Protection Across Different Regions 5.2.3 Opportunities 5.2.3.1 Rapid Adoption of Cloud Technology Requires Organizations to Deploy Network Encryption Solutions 5.2.3.2 Growing Adoption of IoT in Various Applications 5.2.4 Challenges 5.2.4.1 High Cost of Network Encryption Solutions 5.3 Industry Trends 5.3.1 Use Case 1: Senetas 5.3.2 Use Case 2: Thales 5.3.3 Use Case 3: Certes Networks 6 Network Encryption Market, By Transmission Type 6.1 Introduction 6.2 Optical Transmission 6.2.1 Optical Transmission Empowers Organizations to Achieve Enhanced Performance and Security for Data Transfer 6.3 Traditional Transmission 6.3.1 Twisted Pair Cable 6.3.1.1 Benefits of Cost Efficiency and Ease of Installation to Boost the Adoption of Twisted Pair Cable 6.3.2 Coaxial Cable 6.3.2.1 Capability of Transmitting Higher Frequency Signals to Fuel the Demand for Coaxial Cable 6.3.3 Radiowaves and Microwaves 6.3.3.1 Use of Radiowaves and Microwaves for Data Transfer to Larger Distances 7 Network Encryption Market, By Component 7.1 Introduction 7.2 Hardware 7.2.1 Rising Adoption of Network Encryption Hardware Devices Across the Globe to Drive the Growth of the Hardware Segment in the Market 7.3 Platform 7.3.1 Increasing Need for Safeguarding Sensitive Data Transmitted Over the Network to Drive the Growth of the Platform Segment 7.4 Services 7.4.1 Advisory Services 7.4.1.1 Lack of In-House IT Skills to Drive the Demand for Advisory Services 7.4.2 Integration and Implementation Services 7.4.2.1 Increasing Focus on Enhanced Operational Efficiency to Drive the Market 7.4.3 Training and Support Services 7.4.3.1 Growing Need to Improve Network Encryption Customer Services to Drive the Growth of Training and Support Services 7.4.4 Managed Services 7.4.4.1 Rapid Adoption of Network Encryption Solutions to Boost the Demand for Managed Services 8 Network Encryption Market, By Data Rate 8.1 Introduction 8.2 Less Than 10g 8.2.1 The Advantage of Cost-Efficiency to Organizations to Drive the Market for Less Than 10g Segment 8.3 Greater Than 10g and Less Than 40g 8.3.1 Benefits of Backward Compatibility and Reduced Capex to Drive the Market for Greater Than 10g and Less Than 40g Segment 8.4 Greater Than 40g and Less Than 100g 8.4.1 Growing Demand for High-Speed Connectivity to Drive the Market for Greater Than 40g and Less Than 100g Segment 8.5 Greater Than 100g 8.5.1 Growing Adoption of Hyperscale Data Center Connectivity to Drive the Market for Greater Than 100g Segment 9 Network Encryption Market, By Organization Size 9.1 Introduction 9.2 Small and Medium-Sized Enterprises 9.2.1 Small and Medium-Sized Enterprises Increasingly Leveraging Network Encryption Solutions to Protect Sensitive Data From Fraud 9.3 Large Enterprises 9.3.1 Growing Need Among Large Enterprises to Comply With Regulatory Requirements to Drive the Adoption of Network Encryption Solutions 10 Network Encryption Market, By Vertical 10.1 Introduction 10.2 Telecom and IT 10.2.1 Rapid Technological Advancements in Network Infrastructure to Boost the Growth of the Network Encryption in the Telecom and IT Vertical 10.3 Banking, Financial Services, and Insurance 10.3.1 Increased Usage of Internet and Mobile Banking Generating the Demand for Network Encryption to Secure Customer Sensitive Data in the BFSI Vertical 10.4 Media and Entertainment 10.4.1 Increasing Demand for Reliable Networks to Boost the Adoption of the Network Encryption in the Media and Entertainment Vertical 10.5 Government 10.5.1 Adoption of Digitalization Among Government Agencies to Increase the Growth Opportunities of the Network Encryption in the Government Vertical 10.6 Others 11 Network Encryption Market, By Region 11.1 Introduction 11.2 North America 11.2.1 United States 11.2.1.1 High Focus on Innovation for Securing Network Infrastructure to Boost the Growth of Market in the Us 11.2.2 Canada 11.2.2.1 Rapid Adoption of Advanced Technologies to Boost the Growth of Market in Canada 11.3 Europe 11.3.1 United Kingdom 11.3.1.1 Stringent Regulations and Compliances Regarding Data Security to Drive the Growth of Market in the Uk 11.3.2 Germany 11.3.2.1 Government Initiatives to Drive the Growth of the Network Encryption Market in Germany 11.3.3 France 11.3.3.1 Emphasis on Building Digital Economy to Drive the Growth of the Market in France 11.3.4 Rest of Europe 11.4 Asia Pacific 11.4.1 Japan 11.4.1.1 Growing Need for Highly Efficient Network Encryption Solutions to Drive the Market in Japan 11.4.2 China 11.4.2.1 Growing Demand for High Speed Connectivity to Boost the Market Growth in China 11.4.3 Australia and New Zealand 11.4.3.1 Initiatives for Testing Encryption of Data in Transit at 10 Gbps to Spur the Demand for Network Encryption in Anz 11.4.4 Rest of Asia Pacific 11.5 Middle East and Africa 11.5.1 Kingdom of Saudi Arabia 11.5.1.1 Vision 2030 to Boost Digital Transformation in Ksa 11.5.2 United Arab Emirates 11.5.2.1 Growing Focus on Digital Transformation and Economic Diversification to Drive the Network Encryption Market in UAE 11.5.3 South Africa 11.5.3.1 Increasing Focus on Network Security to Drive the Growth of the Market in South Africa 11.5.4 Rest of Middle East and Africa 11.6 Latin America 11.6.1 Brazil 11.6.1.1 Growing Internet Penetration and Rise in Number of IT Companies to Drive the Growth of Market in Brazil 11.6.2 Mexico 11.6.2.1 Increasing Investments in IT Organization to Drive the Growth of Market in Mexico 11.6.3 Rest of Latin America 12 Competitive Landscape 12.1 Overview 12.2 Competitive Scenario 12.2.1 Product/Service/Solution Launches and Enhancements 12.2.2 Business Expansions 12.2.3 Acquisitions 12.2.4 Partnerships, Contracts, and Collaborations 13 Company Profiles 13.1 Introduction 13.2 Cisco 13.3 Thales Esecurity 13.4 Atos 13.5 Juniper Networks 13.6 Certes Networks 13.7 Rohde & Schwarz Cybersecurity 13.8 Adva 13.9 Gemalto 13.10 Nokia 13.11 Colt Technology Services 13.12 Aruba 13.13 Huawei 13.14 Ciena 13.15 Eci Telecom 13.16 Senetas 13.17 Viasat 13.18 F5 Networks 13.19 Raytheon 13.20 Arris 13.21 Stormshield 13.22 Atmedia 13.23 Securosys 13.24 Packetlight Networks 13.25 Quantum Corporation 13.26 Technical Communication Corporation For more information about this report visit https://www.researchandmarkets.com/research/h22hnh/network?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets SOURCE Research and Markets |