CHICAGO, December 13, 2018
CHICAGO, December 13, 2018 /PRNewswire/ --
According to a new market research report "Network Encryption Market by Component (Hardware, Platform and Services), Transmission Type (Traditional Transmission and Optical Transmission), Data Rate, Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global Network Encryption Market size is expected to grow from USD 2.9 billion in 2018 to USD 4.6 billion by 2023, at a CAGR of 9.8% during the forecast period.
Don't miss out on business opportunities in Network Encryption Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=187543224
Major growth factors for the Network Encryption Market include a growing demand to meet various regulatory compliances and an increasing focus to shield organizations from network security breaches.
Browse in-depth TOC on "Network Encryption Market"
67 - Tables
42 - Figures
159 - Pages
The hardware component to hold the largest market size in the global Network Encryption Market during the forecast period
Risks and threats are becoming advanced and have the capability of hampering enterprises and other critical infrastructure. Therefore, enterprises across the globe are constantly searching for the cost-effective and robust products to improve the network security and offer enhanced experience to customers. Hardware devices play a vital role in the Network Encryption Market for performing the processing function in terms of performance, such as high speed and low latency; and provide robust security. Moreover, hardware components offer advanced security against threats on endpoints, networks, and applications.
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/network-encryption-market-187543224.html
The BFSI vertical to grow at the highest CAGR during the forecast period
In the digitally interconnected world, the BFSI vertical is vulnerable to data breaches. The vertical is constantly upgrading its processing and transaction technologies and requires end-to-end security solutions to optimize operations against internal and external threats. With services such as smart banking, internet banking, and mobile banking, the security of payment data transmitted over the network becomes a priority for organizations in the BFSI vertical. It makes the vertical an attractive target for fraudsters who intend to exploit sensitive customer information. Network encryption solutions are used in the BFSI vertical to control and secure customers' sensitive data and provide protection to their company from risk of data breach. With the help of network encryption solutions, the BFSI vertical can offer financial security, online fund transfer security, and data security by encrypting files, data, and emails. An increasing need to adhering to regulations such as Gramm-Leach-Bliley Act (GLBA) and Payment Card Industry Data Security Standard (PCI DSS) has led BFSI companies to deliver security solutions with network encryption solutions.
North America to hold the largest market size during the forecast period
North America, comprising the US and Canada, is estimated to account for the largest share of the market in 2018. The region is an early adopter of innovative technologies. Major growth factors for the Network Encryption Market in North America include developed economies, technological enhancements, and advanced network infrastructure. North America also has a large presence of key industry players offering network encryption components and its advanced economies enable the companies in the region to invest majorly in the leading tools and technologies for effective business operations.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=187543224
Major vendors offering network encryption across the globe include Cisco (US), Juniper Networks (US), Gemalto (Netherlands), Nokia (Finland), Thales eSecurity (US), Atos (France), Ciena (US), Rohde & Schwarz Cybersecurity (Germany), ADVA (Germany), Colt Technology Services (UK), Huawei (China), Aruba (US), F5 Networks (US), Stormshield (France), ECI Telecom (Israel), Senetas (Australia), Viasat (US), Raytheon (US), Quantum (US), TCC (US) , ARRIS (Georgia), atmedia (Germany), Securosys (Switzerland), PacketLight Networks (Israel), and Certes Networks (US).
Browse Adjacent Markets @ Software and Services Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/network-encryption-market.asp
Visit Our Website: https://www.marketsandmarkets.com