DUBLIN--(BUSINESS WIRE)--Aug 17, 2018--The "Optical Encryption - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the publisher, the Global Optical Encryption market is accounted for $2.48 billion in 2017 and is expected to reach $5.87 billion by 2026 growing at a CAGR of 10.0%.

ncreasing data center deployments, rising implementation of cloud-based services & IoT and growing data traffic are the major factors influencing the market growth. However, ever-increasing network complexity is one of the major restraining factors for the growth of the market.

By encryption layer, layer 3 segment has acquired significant market growth due to robust data security that compliments the encryption security at other layers such as application and transport layers, while adding almost no latency in the transport process. Many large-scale IPsec deployments are carried out across enterprise and government networks. By application, data centers and cloud segment is dominating the market due to increasing importance of data analytics. Data Center plays a vital role in supporting the applications businesses, information, users and networked devices. Based on geography, Asia Pacific is anticipated to dominate with the largest market share due to increasing data generating devices and extension of the network in developing countries of this region.

Scope of the Report

Data Rates Covered:

Greater Than 100g Greater Than 40g and Less Than 100g Greater Than 10g and Less Than 40g Less Than 10g

Encryption Layers Covered:

Layer 3 Layer 2 Layer 1

End Users Covered:

Energy and Utilities Healthcare Banking, Financial services, and Insurance (BFSI) Data Center and Cloud Government Other End Users

Companies Mentioned

Arista Networks Microsemi Cisco Nokia Ciena Acacia Communications Infinera Huawei ECI Telecom Adva SSE Enterprise Telecom Thales E-Security PacketLight Networks Windstream Holdings Smartoptics

For more information about this report visit https://www.researchandmarkets.com/research/qzzt44/5_8_bn_optical?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180817005383/en/

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Related Topics:IT Security

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/17/2018 02:03 PM/DISC: 08/17/2018 02:03 PM

http://www.businesswire.com/news/home/20180817005383/en