Optical Encryption Market - Demand, Investment Feasibility and Forecast 2028 by Top Leading Key Companies are Nokia Corp., Cisco Systems Inc., Huawei Technologies Co. Ltd., Broadcom Inc., Juniper Networks Inc., Ciena Corp., ECI Telecom Ltd., Microsemi Cor

The global optical encryption market is estimated to exhibit a strong growth rate of around 8.2% over the forecast period. The market growth is attributed to the increasing internet penetration, rising focus on cyber security, and growing smart city projects across the globe. The increasing internet penetration has increased the concerns associated with data traffic and data security, which in turn, drive the adoption of optical encryption technology globally. As a means of securing in-flight data, optical encryption has remarkable benefits compared to conventional encryption solutions that operate at higher layers of the network. As a result, optical encryption techniques will be increasingly adopted to provide an exceptionally secure connection to the infrastructure by protecting data from theft.

Market Segmentation

The global optical encryption market has been analyzed on the basis of encryption layer, data rate, end-user, and region. Based on the encryption layer, the market is segmented into OTN or Layer 1, MACsec or Layer 2, and IPsec or Layer 3. IPsec or Layer 3 is dominating the global market in 2022 and is further estimated to continue its dominating nature over the forecast period.

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Based on data rate, the market is segmented into Less than 10 G, 10 G to 40 G, 40 G to 100 G, and more than 100 G. The 10 G to 40 G data rate segment accounted for the largest share of the optical encryption market. Further, on the basis of end-user, the market covers the analysis of BFSI, IT & telecom, retail & e-commerce, data center & cloud, government & defense, healthcare, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.

Market Structure and Competition Landscape

The growth of the global optical encryption market is characterized by the presence of players operating in the market. Some of the prominent players that contribute significantly to the market growth include Nokia Corp., Cisco Systems Inc., Huawei Technologies Co. Ltd., Broadcom Inc., Juniper Networks Inc., Ciena Corp., ECI Telecom Ltd., Microsemi Corp., Arista Networks Inc., Crown Castle International Corp., ADVA Optical Networking SE, Microchip Technology Inc., and Thales Group, among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market.

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In March 2021, Cisco Systems Inc. announced the acquisition of Acacia Communications Inc., a Massachusetts-based company that designs, manufactures, and sells a complete portfolio of high-speed optical interconnect technologies addressing a range of applications across datacenter, metro, regional, long-haul, and undersea networks. The acquisition has strengthened Cisco's routing and optical networking portfolio.

In April 2020, Tasmanian Network Pty Ltd. selected Ciena's Wavelogic Ai coherent optical solution. This was done to address rising bandwidth requirements driven by IoT, 5G, and data center services to cater to its end users with mission-critical tasks. Wavelogic Ai is a coherent optical solution that provides Tasmanian Networks with 42-24 enhanced capacity and efficiency in the network.

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Table of Content

Chapter One: Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation

Chapter Two: Assumptions and Acronyms

Chapter Three: Executive Summary
3.1. Global Market in2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends

Chapter Four: Research Methodology

Chapter Five: Analysis of COVID-19 Impact and Road Ahead

Chapter Six: Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, public and private expenditure, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Optical Encryption Providers
6.3.2. Key End-Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis

Chapter Seven: Rules & Regulations

Chapter Eight: Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
Chapter Nine: Global Optical Encryption Market: Key Investment Analysis

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