Global Optical Encryption Market Analysis Report 2023-2030: Increasing Optic Fibre Penetration Sets the Tone for Growth

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Oct 18, 2023, 20:45 ET

DUBLIN, Oct. 18, 2023 /PRNewswire/ -- The "Optical Encryption - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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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