Network encryption is a security procedure that encrypts, or codes sensitive data sent over a computer network, including passwords, identification information, communications, and files. Network encryption solutions aid in defending enterprises' sensitive information and privacy against espionage. They make sure that when data is transmitted across a computer network, it is end-to-end encrypted. To offer reliable, authenticated, and high-assurance encryption, they can be used with zero-touch encryption key management.

The Network Encryption Market is expected to grow at a steady rate of around 9% owing to the increased cost of data breaches. The growing adoption of network encryption is attributed to the growing number of data breaches around the world. Moreover, the growing adoption of next-generation security solutions is expected to surge the market growth during the analysis time period. Furthermore, the rising cost of each data breach is also expected to drive the market. For instance, according to IBM, the average cost of data breaches increased by 2.6% in 2021.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34940

 According to UnivDatos Market Insights (UMI)’ research report “Global Network Encryption Market”, the market is expected to witness robust growth during the forecast period (2022-2028). The growth is majorly driven by the growing technological advancement of the network encryption and cyber security industry.

Based on component, the market is segmented into hardware, platform, and services. The hardware segment is expected to witness a higher CAGR during the forecast period. Features such as high speed, robust security, and low latency among other network encryption hardware are driving the segment growth during the forecast period. Moreover, the growing technological advancement and growing prominence of consumer electronics are expected to drive the market during the forecast period. For instance, according to bankmycell, there are around 6.37 billion active smartphones in the world in 2021.  

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34940

 Based on organization size, the network encryption market has been classified into large enterprises and SMEs. The large enterprise is to witness higher adoption and held a major market share in 2020. As large organizations are the early users of the network encryption solution because they must protect vast amounts of data created by numerous application areas, including sales, marketing, HR, and internal operations. Moreover, due to the massive amounts of content generated by enterprise applications every second to gain a competitive advantage, large businesses across all industries are leading the way in implementing network encryption solutions.

North America to witness extensive growth

For a better understanding of the market adoption of the Network Encryption industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is led the network encryption market with the highest market share and is expected to maintain the same throughout the forecast period. The growing adoption in the region is mainly attributed to the growing cases on data breaches. For instance, according to Surf Shark, the United States experienced more than 200 million data breaches in the year 2021. Moreover, the governments in the region offer appropriate platforms for startups and SMEs, in terms of government regulations and compliances. Hence, enterprises are growing rapidly and have a massive demand for network encryption. These factors are expected to drive the market during the analysis time period.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Network Encryption market are Thales TCT, ATMedia Gmbh, Atos SE, Juniper Networks Inc, Certes Networks Inc, Senetas Corporation Ltd, Viasat Inc, Raytheon Technologies Corporation, Securosys SA.

“Global Network Encryption Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1.     By Component (hardware, platform, and service)

2.     By Organization Size (Small and Medium Enterprises and Large Enterprises)

3.     By Verticals (Telecom and It, BFSI, Media and Entertainment, Government, and Others)

4.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.     By Company (Thales TCT, ATMedia Gmbh, Atos SE, Juniper Networks Inc, Certes Networks Inc, Senetas Corporation Ltd, Viasat Inc, Raytheon Technologies Corporation, Securosys SA.)

Key questions answered in the study:

1.     What are the current and future trends of the global network encryption industry?

2.     How the industry has been evolving in terms of component, organization size, and verticals?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global network encryption industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global network encryption suppliers across various region and countries?

Table of Content:-

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE NETWORK ENCRYPTION MARKET

6 NETWORK ENCRYPTION MARKET REVENUE, 2020-2028F

7 MARKET INSIGHTS BY COMPONENT

8 MARKET INSIGHTS BY ORGANIZATION SIZE

9 MARKET INSIGHTS BY VERTICAL

10 MARKET INSIGHTS BY REGION

11 NETWORK ENCRYPTION MARKET DYNAMICS

12 NETWORK ENCRYPTION MARKET OPPORTUNITIES

13 NETWORK ENCRYPTION MARKET TRENDS

14 DEMAND AND SUPPLY-SIDE ANALYSIS 14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER