Global Optical Encryption Market Analysis Report 2023-2030: Increasing Optic Fibre Penetration Sets the Tone for Growth
Thursday, October 26, 2023
DUBLIN, Oct. 18, 2023 /PRNewswire/ -- The "Optical Encryption - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Optical Encryption Market to Reach $9.1 Trillion by 2030
The global market for Optical Encryption estimated at US$4.4 Trillion in the year 2022, is projected to reach a revised size of US$9.1 Trillion by 2030, growing at a CAGR of 9.6% over the analysis period 2022-2030.
Layer 1 (OTN), one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$2.1 Trillion by the end of the analysis period. Growth in the Layer 2 (macsec) segment is estimated at 9.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Trillion, While China is Forecast to Grow at 11.2% CAGR
The Optical Encryption market in the U.S. is estimated at US$1.4 Trillion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Trillion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 8.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Rise in Data Theft in a Rapidly Digitalizing World Provides the
Cornerstone for the Growth of Optical Encryption
-- Growing Problem of Data Theft & Breaches Drives Companies to Eliminate
their Gaps in Security Strategies With Optical Encryption: Number of
Annual Data Compromises in the U.S for the Years 2015, 2017, 2019, 2021
and 2023
-- Rising Average Cost of Data Breach Primes the Optical Encryption Market
for Growth in the Coming Decade: Global Average Cost Per Data Breach (In
US$ Million) for Years 2015, 2017, 2019, 2021 and 2023
-- Global Economic Update
-- Competition
-- Optical Encryption - Global Key Competitors Percentage Market Share in
2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Optical Encryption: Overview, Benefits & Applications
-- Recent Market Activity
MARKET TRENDS & DRIVERS
-- Increasing Optic Fibre Penetration Sets the Tone for Growth in the
Market
-- Global Market for Fiber Optics (In US$ Million) by Type for the Years
2021, 2023, 2025 and 2027
-- Cloud & App Driven BYOD Era Makes Encrypting In-Flight Data More
Important Than Ever
-- BYOD & Enterprise Mobility Makes Encryption at the Transport Layer the
Only Effective, Flexible & Cost Effective Way to Protect In-Flight Data
-- There is No Safer Way of Securing Data in Motion in the Cloud than
Encrypting Data at the Optical Transport Layer of the Network
-- Rise of Digital Banking Sets the Platform for the Growth of Optical
Encryption for Financial Networks
-- Rise of Digital Banking & Parallel Increase in Financial Frauds
Strengthens the Business Case for Optical Encryption for Protection of
Financial Networks
-- Growing Investments in Industrial Cybersecurity to Spur Adoption of
Optical Encryption
-- Supported by its Many Benefits, Optical Encryption is Poised to Bag a
Fair Share of Industrial Cybersecurity Budget Outlays
-- As Enterprises Begin to See Benefit in the Technology, Innovations in
Optical Encryption Gets Underway in Full Swing
FOCUS ON SELECT PLAYERS (Total 43 Featured)
-- Acacia Communications Inc.
-- ADVA Optical Networking SE
-- Arista Networks Inc.
-- Broadcom Inc.
-- Ciena Corporation
-- Cisco Systems Inc.
-- Huawei Technologies CO, Ltd.
-- Infinera Corporation
-- Juniper Networks Inc.
-- Microchip Technology Inc.
-- Microsemi Corporation
-- Nokia Corporation
-- Thales e-Security, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/p4k3on
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