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Worldwide Outlook on the Network Encryption Market 2018-2023 - Rapid Adoption of Cloud Technology Requires Organizations to Deploy Network Encryption Solutions - ResearchAndMarkets.com

January 2, 2019

DUBLIN--(BUSINESS WIRE)--Jan 2, 2019--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.

The study includes an in-depth competitive analysis of key players in the network encryption market, with their company profiles, recent developments, and key market strategies.

Key Highlights

The SMEs segment to grow at the highest CAGR during the forecast period The traditional transmission type to hold the highest market share during the forecast period Asia Pacific (APAC) to record the highest growth rate during the forecast period

Market Dynamics

Drivers

Growing Demand to Comply With the Large Number of Regulatory Standards Growing Need to Shield Organizations from Network Security Breaches

Restraints

Frequent Changes in Government Policies for Data Protection Across Different Regions

Opportunities

Rapid Adoption of Cloud Technology Requires Organizations to Deploy Network Encryption Solutions Growing Adoption of IoT in Various Applications

Challenges

High Cost of Network Encryption Solutions

Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Network Encryption Market, By Transmission Type

7 Network Encryption Market, By Component

8 Network Encryption Market, By Data Rate

9 Network Encryption Market, By Organization Size

10 Network Encryption Market, By Vertical

11 Network Encryption Market, By Region

12 Competitive Landscape

13 Company Profiles

Adva Arris Aruba Atmedia Atos Certes Networks Ciena Cisco Colt Technology Services ECI Telecom F5 Networks Gemalto Huawei Juniper Networks Nokia PacketLight Networks Quantum Corporation Raytheon Rohde & Schwarz Cybersecurity Securosys Senetas Stormshield Technical Communication Corporation Thales Esecurity Viasat

For more information about this report visit https://www.researchandmarkets.com/research/pxpj6w/worldwide_outlook?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190102005391/en/

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Related Topics:IT Security

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/02/2019 10:23 AM/DISC: 01/02/2019 10:22 AM

http://www.businesswire.com/news/home/20190102005391/en

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