New Analysis from Global Industry Analysts Reveals Steady Growth for Optical Encryption, with the Market to Reach $4.6 Billion Worldwide by 2026

SAN FRANCISCO , June 27, 2022 /PRNewswire/ --  A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Optical Encryption - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 7; Released: January 2022
Executive Pool: 5953
Companies: 11 - Players covered include Acacia Communications, Inc.; ADVA Optical Networking SE; Arista Networks, Inc.; Broadcom Ltd.; CenturyLink, Inc.; Ciena Corporation; Cisco Systems, Inc.; Coriant GmbH; ECI Telecom Ltd.; Huawei Technologies Co., Ltd.; Infinera Corporation; Juniper Networks, Inc.; Microsemi Corporation; Nokia Corporation; Nucrypt LLC; PacketLight Networks Ltd.; Smartoptics AS; SSE Telecoms Ltd.; Thales E-Security, Inc.; Windstream Holdings, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Encryption Layer (Layer1 (OTN), Layer 2 (MACsec), Layer 3 (IPsec)); Vertical (BFSI, Government, Healthcare, Data Centre & Cloud, Energy & Utilities, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Optical Encryption Market to Reach $4.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Optical Encryption estimated at US$2.9 Billion, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 7.6% over the analysis period. Layer1 (OTN), one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Layer 2 (MACsec) segment is readjusted to a revised 7.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $949 Million in 2021, While China is Forecast to Reach $793.9 Million by 2026
The Optical Encryption market in the U.S. is estimated at US$949 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$793.9 Million by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.

Layer 3 (IPsec) Segment to Reach US$1.9 Billion by the year 2026
In the global Layer 3 (IPsec) segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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