Orion Market Research (OMR) recently published a market research report
on the global Optical Encryption market. According to OMR analysis, the market is
expected togrow with a significant CAGR during the forecast period (2019-2025).The
market is categorized on the basis of encryption layer and vertical. The report
provides detailed and insightful chapters including an overview of the market,
key findings, strategic recommendations, market estimates, regulations,
determinants of the market, key analysis of companies, strategic analyses,
market insights, company profiling, market segmentation, and geographical
analysis.
A full report of the
global optical encryption market is available at:
Optical encryption secures in-flight data across fiber optic cables in
the network transport layer by means of optical waves. The increasing leaks in
data and high profile breaches have led the necessity for optical encryption
technologies. It enables in protecting the information about underlying
services and secures the connection to the infrastructure by protecting data
from theft. Additional factors such as the increasing investment in smart city
projects and advances in optical encryption techniqueshave augmented the growth
of the market.
Optical encryption uses the encryption software to safeguard the privacy
of information stored and traveling data by means of networks or data transfer
in accordance with an organization’s compliance and security requirements. It
encrypts and decrypts residual and transmit data by means of software.
Therefore, encryption software enables to enhance the security of confidential
data by making the data unreadable to the authority. Therefore, to counter the
increasing incidence of cyber-attacks, the encrypting software should be
introduced.
The market is segmented on the basis of the encryption layer and
vertical. The market is further divided into layer 1, layer 2, and layer 3,
based on the encryption layer. The market is further classified on the basis of
vertical into military and defense;Banking, Financial Services & Insurance (BFSI);
healthcare; retail; transportation; telecommunications and IT; and others. In
order to protect customer information, optical encryption is in significant
demand by the BFSI. BFSI is vulnerable to data breach. Therefore, transaction
upgrading and processing technologies are required. In order to optimize
operations against external and internal threats, the industry requires
complete security solutions. The payment security transferred over the network
is a prime caoncern for BFSI organizations because of services including mobile
banking, smart banking, and internet banking. This results in increasing demand
for optical encryption solutions for the supervision and security of sensitive
customer information through data, files and emails encryption, and financial
security.
Ciena Corp., the US-based company, provide products such as WaveLogic
Encryption which uses the highest safety encryption algorithm,Elliptic curve
cryptography algorithm. It is a cost-effective, easy-to-use and large-scale
encryption solution that defends all air traffic networks around the world.It
offers MyCryptoTool a user-friendly, dedicated end-user portal for distributed
network management. This enables the end-userto manage theirencrypted services,encryption
security settings and alarms remotely and separately.Other major players operating
in the market are Cisco Systems, Inc., Infinera Corp., ECI Telecom Ltd., and
Huawei Technologies Co., Ltd.
Between 2019 and 2024, North America is expected to dominate the optical
encryption market. Some of the major players in the region such as Ciena (US),
Cisco (US), Infinera (US) and Arista Networks (US) are contributing for its
domination. The high use of cloud-based applications in America has affectedly
increasedthe number of cyber-attacks. Additionally, the need for regulatory
compliance and security concerns has also increased the demand for optical
encryption solutions.However, the growing number of smart city projects and the
increasing adoption of cloud services are projected to witness considerable
market growth in Asia Pacific.
Region Covered
·
North America (US and Canada)
·
Europe (UK, Germany, France, Spain, and Italy)
·
Asia-Pacific (China, India, South Korea, and Japan)
·
Rest of the World (Middle East & Africa and
Latin America)
To learn more about
this report request a free sample copy @ https://www.omrglobal.com/request-sample/optical-encryption-market
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-040
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-040
