Network encryption is a process of encoding data especially sensitive data such as credentials, passwords, messages, and files among others which are transmitted or communicated through a computer network. It is executed on the network layer of the Open Systems Interconnection (OSI) model. There are three major components of network encryption namely: hardware, services, and platform. Some of the major drivers who fuel the network encryption market in the forecast period are growing requirement for safeguarding sensitive data transmitted through the network and rising demand to fulfill the number of regulatory standards across the globe.
The "Global Network Encryption Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the network encryption market with detailed market segmentation by offerings, deployment mode, end-user industry, and geography. The report provides key statistics on the market status of the leading network encryption market players and offers key trends and opportunities in the market.
- Based on offerings, the global network encryption market is segmented into solution, and services.
- on the basis of deployment mode, the market is segmented into on-premise and cloud.
- Based on end-user industry, the market is segmented into telecom & IT, BFSI, media & entertainment, government, and others.
- The mounting technological advancement, escalating acceptance of IoT in various applications, and rising demand for high-speed connectivity are creating opportunities which will increase the need for network encryption in the forecast period.
- The sudden changes in government policies for improved data protection and the high cost of network encryption solutions across different regions are some of the factors which may hamper the network encryption market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The network encryption market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the network encryption market in these regions.
IMPACT OF COVID-19 ON NETWORK ENCRYPTION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the network encryption market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from network encryption market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the network encryption market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Juniper Networks, Inc.
- Rohde & Schwarz
- Raytheon Technologies Corporation
- Viasat, Inc.
- atmedia GmbH, Saarbrücken.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.