Optical Encryption Market: Industry Trends, Market Size, Competitive Analysis and Forecast - 2019-2025

Protecting enterprise data is the prime objective for every business to gain customer confidence. Hence, there is a significant requirement of potential solutions to secure network perimeter. Data can be highly susceptible while transiting from one place to another, which significantly increases the demand for encryption services to secure in-flight data through encrypting data. Data encryption is a complex algorithm that enables us to ensure privacy and anonymity. This creates difficulty for hackers to theft data or makes alterations. Once the data is encrypted, it can only be decrypted with the use of a key or password. Hence, this enables to secure network infrastructure for several industries, such as BFSI, government, and healthcare.

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The crucial factors leading to an increase in the growth of the market include increasing demand for cybersecurity and rising investment in smart city projects. For instance, in October 2016, the US Department of Transportation (DOT) has declared an additional grant of $65 million to support advanced transportation projects across American cities. Smart cities are using IoT dedicated solutions to control and monitor the network infrastructure. Multiple barriers are established to decrease the threat of cyber-attacks. Such barriers comprise network firewalls, in-flight data encryption, potential password policy, and device encryption. Optical encryption is one of the essential elements for data security on the smart city optical backbone. As securing smart city infrastructure requires most attentive efforts, this supports the use of entire tools to secure infrastructure. This, in turn, is expected to boost the demand for optical encryption solutions in smart city projects.

The global optical encryption market is segmented on the basis of the encryption layer and vertical. Furthermore, on the basis of geography, the market is classified into North America, Europe, Asia-Pacific and RoW. North America optical encryption market has been primarily driven by rising cybersecurity concerns. Moreover, Asia-Pacific is estimated to show optimistic growth in the market due to the trend towards digitalization in the region. Some companies that are actively working in the market include ECI Telecom Ltd., Infinera Corp., Huawei Technologies Co., Ltd., Infinera Corp., and Cisco Systems, Inc.

These players are following several strategies, such as merger and acquisitions, product launches and collaborations to gain competitive advantage. For instance, in March 2017, ECI Telecom Ltd. launched the first optical encryption as a service. The solution led per-service encryption up to 100 Gbps, along with line rates up to 200 Gbps, without affecting flexibility, scalability, and interoperability. Due to these features, the solution is especially suitable for government institutions, medical, financial and service providers to protect extremely sensitive information.

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Optical Encryption Market-Segmentation

By Encryption Layer
o OTN or Layer 1
o MACsec or Layer 2
o IPsec or Layer 3

By Data Rate
o Less Than 10G
o 10G-40G
o 40G-100G
o More Than 100G

By Industry Vertical
o BFSI
o Retail & E-commerce
o Manufacturing
o Government & Defense
o Energy & Utilities
o IT and Telecom
o Education
o Healthcare
o Others

By Region

o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o LAMEA
o Latin America
o Middle East
o Africa

Key Market Players of Optical Encryption Market

o Ciena Corporation
o ADVA Optical Networking
o ECI Telecom
o Huawei Technologies Co. Ltd
o Infinera Corporation
o Cisco Systems Inc.
o Microchip Technology Inc.
o Acacia Communications Inc.
o Arista Networks Inc.
o Nokia Corporation

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