Optical Encryption Market Demand Analysis & Opportunity Outlook 2035″ which delivers detailed overview of the global optical encryption market in terms of market segmentation by encryption layer, data rate, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Based on the regional analysis, the optical encryption market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to hold the largest share on account of large-scale adoption of cloud-based applications by various network operators and enterprises along with the rising incidents of cyber-attacks in this region, as well as for the presence of leading market players.
Optical Encryption Market Statistics –
- USD 3.5 billion revenue in 2022
- The market size is projected to record a valuation of over USD 11 billion by 2035
- The membrane filtration industry is slated to observe 9% growth rate through 2023-2035
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Increasing Data Security Concerns Over Rising Cyber Attacks To Boost The Market Growth
Almost four in ten of all UK businesses have suffered at least one breach or cyberattack every 12 months, as per the data released by UK government.
There is an increasing demand of optical encryption by several enterprises on account of its ability in protecting in-flight data, cyber-attack threats and security against network intrusions. Additionally, increasing communications between data centres and penetration of cloud services as well as growing demand for regulatory compliance are some of the factors anticipated to significantly expand the global optical encryption market.
However, lack of proper network infrastructure and network-oriented approach along with the high network complexity is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global optical encryption market which includes company profiling of Ciena Corporation (NYSE:CIEN), Cisco (NASDAQ:CSCO), Huawei Technologies Co., Ltd., Microsemi (NASDAQ: MCHP), Infinera Corporation (NASDAQ:INFN), Arista Networks, Inc. (NYSE:ANET), Acacia Communications, Inc. (NASDAQ:ACIA), ADVA Optical Networking (FSE:ADV), Nokia and ECI Telecom. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
According to recent study by Research Nester, the optical encryption market size is anticipated to surpass USD 11 Bn by 2035 and is projected to expand at CAGR of over 9% from 2023 to 2035.
Major players include in the global optical encryption market
- Infinera Corporation
- Huawei Technologies Co., Ltd.
- Microsemi
- Cisco
- Arista Networks, Inc.
- Acacia Communications, Inc.
- Ciena Corporation
- Nokia
- ECI Telecom
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On the whole, the report depicts detailed overview of the global optical encryption market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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