Network Encryption Market Share, Size, Growth, Demand and Forecast to 2027: IMARC Group
The global Network Encryption market reached a value of XX Billion US$ in 2021. IMARC Group expects the market to grow at a CAGR of XX% during the period 2022-2027.
SHERIDAN, WYOMING, USA, Jan. 28, 2022 /EINPresswire.com/ —
Network encryption refers to a security mechanism to authenticate and protect sensitive data transmitted over different communication networks. It can be integrated with contactless encryption key management to provide secure, verified and highly secure encryption. Currently, it is widely used by organizations around the world to prevent unauthorized access to confidential data and protect internal networks, corporate backbone networks, and virtual private networks (VPNs).
Base year: 2021
Forecast year: 2022-2027
The Global Network Encryption Market reached a value of XX Billion US$ in 2021. Looking ahead, IMARC Group expects the market to grow at a CAGR of XX% during the period 2022- 2027.
Network Encryption Market Trends and Drivers:
Network encryption is used in the banking, financial services and insurance (BFSI) industry to maintain the integrity of financial data. This, coupled with the growing use of online banking services due to the increase in sales of smartphones with high-speed internet, represents one of the key factors enhancing the growth of the market.
Apart from this, due to the increasing cases of data breaches that can result in the loss of massive amounts of sensitive data, the adoption of network encryption in small and medium enterprises (SMBs) across the world is increasing.
Also, the launch of network encryption solutions integrated with quantum cryptography, biometric encryption, wearable two-factor authentication (2FA), peer-to-peer encryption, and blockchain are creating favorable market prospects.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Analysis and segmentation of the global network encryption market 2022-2027:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Atos SE, Ciena Corporation, Cisco Systems Inc., Colt Technology Services Group Limited, F5 Networks Inc., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, PacketLight Networks Ltd., Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG, Securosys SA, Senetas Corporation Limited, Thales Group and Viasat Inc.
The report has segmented the market based on region, component, mode of deployment, organization size, and end-use industry.
Breakdown by component:
• Solutions and services
Breakdown by deployment mode:
• On the site
Breakdown by organization size:
• Small and medium enterprises
• Large companies
Breakdown by end-use industry:
• Telecom and IT
• Media and Entertainment
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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