Allied Market Research

2024

Network Encryption Market

Network Encryption Market Size, Share, Competitive Landscape and Trend Analysis Report by Deployment Type, by Component, by Organization Size and by End-user Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

IC : Information, Infrastructure & Network Security

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Author's: | Onkar Sumant
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Network Encryption Market Insights:

Network encryption is defined as the network security process which applies crypto services at the network transfer layer which is above the data link layer. The network encryption is usually used in order to protect the data which is moving over the communication networks. Many organizations which are security conscious which go one stage further and protect their internet traffic and also the internal networks, virtual private networks and corporate backbone networks with network level encryption. In addition to this, network encryption is also used to act as a security layer between the communications of multiple networks. Network encryption is widely used over the internet protocol security using various different algorithms, open internet engineering task force standards which are used in the combination to provide a structure for private communication over Internet protocol networks. 

Impact of COVID-19 on Network Encryption Market:

  • The emergence of COVID-19 pandemic has severely affected almost all industries across the globe. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. This, has led to delay in supply of electronic components required in manufacturing of the network equipment.
  • Companies have continued to expand cloud services and application development service during the pandemic.  Before the pandemic took hold, various organizations were providing manual release of applications to customers.
  • New learnings among companies with respect to work-from-home (WFH) and data accessibility during the lockdown period has resulted in increasing enquiries for space and services at data centers and this trend is expected to create opportunities in for the market during the forecast period.
  • There is an increase in use of automation and even after situation returns to ‘normal’, the work style will continue to be data center-driven, with demand growth for higher penetration of e-commerce, digital payments, and widespread deployment of Big Data, apart from policy level push for automation.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Numerous factorssuch as increased demand for the growth of various regulatory compliance, increased focus on the shield organizations from network security breaches, 24*7 data encryption security, safeguards of connected devices and high integrity of data, high demand for deploying network encryption solutions are some of the key factors for the growth of this market. In addition to this, growing demand for the security of sensitive data transmission, rapid digitalization is also the factor that can increase the growth of the market. Furthermore, the rise in the demand for adoption of cloud technology and technological advancement such as the Internet of Things in multiple software and hardware applications are expected to create significant opportunities for the market.

Rise in adoption of network encryption in information security:

Information security is one of the most important considerations when working on the Internet, irrespective of the size of the organization. Stable network encryption helps the organization to secure the client data; it also helps the business to reduce the risk of data theft and sabotage.  In addition to this, network encryption also helps to protect the workstation from harmful spyware. Also, the network encryption also ensures that the regular share data is kept secure by offering several levels of protection to prevent cyber-attacks.  The network encryption secures the data by breaking down the information into multiple parts which will then be encrypted and transmit through various independent paths thus saving the data from eavesdropping.

Adoption of cloud computing among various industrial verticals:

With the rise of the adoption of cloud technologies and virtualized network, this technology may bring additional security challenges in order to protect the sensitive data which runs across these networks because of the cloud adoption and virtualized architecture.

Key benefits of the report:

  1. This study presents the analytical depiction of the global network encryption marketalong with the current trends and future estimations to determine the imminent investment pockets.
  2. The report presents information related to key drivers, restraints, and opportunities along with detailed analysis ofglobal network encryption market share.
  3. The current market is quantitatively analyzed to highlight the global network encryption marketgrowth scenario.
  4. Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  5. The report provides detailednetwork encryption market analysis based on competitive intensity and how the competition will take shape in coming years.

Network Encryption Market Report Highlights

Aspects Details
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By Deployment Type
  • Cloud
  • On-premise
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By Component
  • Hardware
  • Solutions & Services
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By Organization Size
  • Small and Medium-sized Enterprises
  • Large-sized Enterprises
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By End-user Industry
  • Telecom & IT
  • BFSI
  • Government
  • Media & Entertainment
  • Others
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By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Juniper Networks, ADVA, Colt Technology Services, Rohde & Schwarz Cybersecurity, F5 Networks, Gemalto, Atos, Cisco, Huawei, Nokia

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Network Encryption Market

Global Opportunity Analysis and Industry Forecast, 2023-2032