Optical Encryption Market to Explosive Growth by 2028: Key Players Thales Group, Juniper Networks Inc., Huawei Technologies, Cisco Systems

Market Study Report presents latest report on global Optical Encryption Market, which evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2022-2028.

Business experts claim that global optical encryption market size is anticipated to witness a CAGR of 8.2% during 2022-2028. Rising use of the internet, increasing emphasis on cyber security, and the expansion of smart city initiatives around the world are the major growth stimulants for global optical encryption market.

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For the unversed, optical encryption offers several advantages for the security of in-flight data when compared with traditional encryption techniques that operate at higher tiers of the network.

Besides, such techniques are used at a wider scale in order to provide an incredibly secure link to the infrastructure and guard against data theft.

Furthermore, increasing concerns about data traffic and data security brought on by the expanding internet penetration are facilitating product adoption, thereby impelling the industry outlook.

Thales Group, Microchip Technology Inc., ADVA Optical Networking SE, Crown Castle International Corp., Arista Networks, Inc., Microsemi Corp., ECI Telecom Ltd., Ciena Corp., Juniper Networks Inc., Broadcom Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., and Nokia Corporation are the major players in global optical encryption industry.

Based on encryption layer, the market is divided into IPsec or layer 3, MACsec or layer 2, and OTN or layer 1. Out of which, the IPsec or Layers 3 segment holds a major market share at present and is slated to grow significantly over the forecast period.

In terms of data rate, the industry is classified into more than 100 G, 40 G to 100 G, 10 G to 40 G, and less than 10 G. Among these, the 10 G to 40 G segment held a major chunk of share in the recent past and is slated to record substantial expansion during the review timeline.

On the basis of end-user ambit, worldwide optical encryption market is branched into healthcare, government & defense, data center & cloud, retail & e-commerce, IT & telecom, BFSI, and others.

Regionally, the latest trends are studied across Western Europe (UK, Benelux, France, Spain, Nordic, Germany, Italy, rest of Western Europe), Asia Pacific (Australia, South Korea, China, ASEAN, India, Japan, Rest of APAC), Middle East & Africa (GCC, Turkey, South Africa, Rest of MEA), Latin America (Mexico, Brazil, Rest of Latin America), Eastern Europe (Poland, Russia, rest of Eastern Europe), and North America (U.S. and Canada).

Questions And Answers: Global Optical Encryption Market

Q1. What are the growth determinants for global optical encryption market?

Answer: Rising use of the internet, increasing emphasis on cyber security, and the expansion of smart city initiatives around the world are the major growth stimulants for global optical encryption market.

Q2. Which data rate category is slated to contribute significantly to worldwide optical encryption market earnings?

Answer: The 10 G to 40 G segment of worldwide optical encryption industry is poised to grow significantly over the forecast duration.

Q3. Which are the key players in global optical encryption market?

Answer: Thales Group, Microchip Technology Inc., ADVA Optical Networking SE, Crown Castle International Corp., Arista Networks, Inc., Microsemi Corp., ECI Telecom Ltd., Ciena Corp., Juniper Networks Inc., Broadcom Inc., Huawei Technologies Co. Ltd., Cisco Systems Inc., and Nokia Corporation are the major players in global optical encryption industry.

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