Global network encryption market is expected to rise from its initial estimated value of USD 2.91 million in 2018 to an estimated value of USD 6.03 million by 2026
Increasing concerns related to hacking and security breaches over the network, is expected to drive the market growth
Rising number of stringent regulations and the need for complying with these standards regarding network encryption is also expected to drive the market growth
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Varying and fluctuation regulations associated with the different regions is also expected to restrain the market growth
High cost in implementation and integration of network encryption is also expected to restrain the market growth
Major Market Competitors
Few of the major competitors currently working in the network encryption market are
Juniper Networks Inc.
ADVA Optical Networking
Colt Technology Services Group Limited
Huawei Technologies Co. Ltd.
Hewlett Packard Enterprise Development LP
F5 Networks Inc.
Technical Communications Corporation
ARRIS International plc
Certes Networks Inc.
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