Market Overview:
The global network encryption market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The market growth is attributed to the increasing demand for data security and privacy across enterprises, especially in the light of recent cyber-attacks and data breaches. In addition, the growing adoption of cloud-based services and big data analytics is also contributing to the growth of the network encryption market. The global network encryption market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into digital encryption, symmetric encryption, and asymmetric encryption. Digital Encryption dominates this space with a lion’s share as it helps protect information while it is in transit or storage across various channels such as email servers or websites etcetera by scrambling (encrypting) it using an algorithm that only authorized users can understand (decrypt).
Product Definition:
Network encryption is a technique that can be used to protect data as it travels across a network. This can help to ensure that the data is not compromised in any way while it is being transmitted. Network encryption can be used for both wired and wireless networks, and it can help to protect both the data itself and the privacy of the users who are transmitting or receiving it.
Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027:
Global network encryption market is expected to grow at a significant rate over the forecast period. The growth of this industry can be attributed to increase in demand for data security and privacy by organizations and individuals across the globe. Globalization has led to an increased need for data security coupled with privacy, which is further driving the global network encryption market growth.
Digital Encryption:
Encryption is the process of converting ordinary information into an encrypted form so that unauthorized person cannot read it. It's also used to convert data back to its original form when required. Encryption is widely used in IT and telecommunication sector for securing sensitive data such as customer database, financial transactions, trade secret and intellectual property.
Application Insights:
The large enterprises segment dominated the market in terms of revenue share in 2020 and this trend is expected to continue over the forecast period. The high penetration of advanced encryption techniques (AET) and strong security posture adopted by large enterprises are some of the factors contributing to their dominance over other segments.
Small and medium-sized businesses (SMBs) are increasingly adopting cloud services owing to their low cost as well as easy access from remote locations. SMBs lack resources such as trained personnel, expertise in information security technologies, robust data centers with high-speed networks coupled with increasing cyberattacks that target these small businesses are some of the factors driving them towards larger organizations also known as enterprise solutions providers or ESPs for short. This trend is expected to drive growth across all regions during the forecast period.
Regional Analysis:
The North American regional market dominated the global network encryption industry in terms of revenue share in 2016. The growth can be attributed to the presence of prominent network security solution providers such as Cisco Systems, Inc., and Juniper Networks, Inc. Moreover, increasing government regulations for protecting data at rest are also driving the demand for these solutions in this region. For instance, according to a white paper published by Cisco Systems on Network Security Encryption; it has been estimated that over 80% of enterprises have experienced a significant increase in their IT budgets due to regulatory compliance requirements and 70% reported an increase from previous year’s budget due to regulatory compliance requirements.
Asia Pacific is expected to emerge as one of the fastest-growing regions with CAGR exceeding 10% during the forecast period owing to growing adoption by small & medium enterprises (SMEs).
Growth Factors:
- Increasing demand for secure communication across industries
- Rapid growth of cloud-based services and BYOD policies in organizations
- Stringent government regulations for data security and privacy
- Growing concern over cyber-attacks and data breaches
- Proliferation of sophisticated malware and ransomware threats
Scope Of The Report
Report Attributes
Report Details
Report Title
Network Encryption Market Research Report
By Type
Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027, Digital Encryption, Symmetric and Asymmetric Encryption
By Application
Small and Medium-Sized Enterprises, Large Enterprises
By Companies
Cisco, Oracle, Motorola Solutions, Thales Esecurity, Atos, Juniper Networks, Certes Networks, Rohde & Schwarz Cybersecurity, ADVA Optical, Gemalto, Nokia, Colt Technology Services, Aruba Networks, Huawei, Ciena, ECI Telecom, Senetas, Viasat, F5 Networks, Raytheon, Arris, Stormshield, Atmedia, Packetlight Networks, Quantum, Technical Communication
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Network Encryption Market Report Segments:
The global Network Encryption market is segmented on the basis of:
Types
Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027, Digital Encryption, Symmetric and Asymmetric Encryption
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium-Sized Enterprises, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco
- Oracle
- Motorola Solutions
- Thales Esecurity
- Atos
- Juniper Networks
- Certes Networks
- Rohde & Schwarz Cybersecurity
- ADVA Optical
- Gemalto
- Nokia
- Colt Technology Services
- Aruba Networks
- Huawei
- Ciena
- ECI Telecom
- Senetas
- Viasat
- F5 Networks
- Raytheon
- Arris
- Stormshield
- Atmedia
- Packetlight Networks
- Quantum
- Technical Communication
Highlights of The Network Encryption Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027
- Digital Encryption
- Symmetric and Asymmetric Encryption
- By Application:
- Small and Medium-Sized Enterprises
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Network Encryption Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Network encryption is a process of encrypting data that travels over a network. The data is first encrypted at the source, then decrypted at the destination. This prevents unauthorized individuals from viewing or accessing the data.
Some of the major players in the network encryption market are Cisco, Oracle, Motorola Solutions, Thales Esecurity, Atos, Juniper Networks, Certes Networks, Rohde & Schwarz Cybersecurity, ADVA Optical, Gemalto, Nokia, Colt Technology Services, Aruba Networks, Huawei, Ciena, ECI Telecom, Senetas, Viasat, F5 Networks, Raytheon, Arris, Stormshield, Atmedia, Packetlight Networks, Quantum, Technical Communication.
The network encryption market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Network Encryption Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Network Encryption Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Network Encryption Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Network Encryption Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Network Encryption Market Size & Forecast, 2018-2028 4.5.1 Network Encryption Market Size and Y-o-Y Growth 4.5.2 Network Encryption Market Absolute $ Opportunity
Chapter 5 Global Network Encryption Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Network Encryption Market Size Forecast by Type
5.2.1 Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027
5.2.2 Digital Encryption
5.2.3 Symmetric and Asymmetric Encryption
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Network Encryption Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Network Encryption Market Size Forecast by Applications
6.2.1 Small and Medium-Sized Enterprises
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Network Encryption Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Network Encryption Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Network Encryption Analysis and Forecast
9.1 Introduction
9.2 North America Network Encryption Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Network Encryption Market Size Forecast by Type
9.6.1 Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027
9.6.2 Digital Encryption
9.6.3 Symmetric and Asymmetric Encryption
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Network Encryption Market Size Forecast by Applications
9.10.1 Small and Medium-Sized Enterprises
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Network Encryption Analysis and Forecast
10.1 Introduction
10.2 Europe Network Encryption Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Network Encryption Market Size Forecast by Type
10.6.1 Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027
10.6.2 Digital Encryption
10.6.3 Symmetric and Asymmetric Encryption
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Network Encryption Market Size Forecast by Applications
10.10.1 Small and Medium-Sized Enterprises
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Network Encryption Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Network Encryption Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Network Encryption Market Size Forecast by Type
11.6.1 Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027
11.6.2 Digital Encryption
11.6.3 Symmetric and Asymmetric Encryption
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Network Encryption Market Size Forecast by Applications
11.10.1 Small and Medium-Sized Enterprises
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Network Encryption Analysis and Forecast
12.1 Introduction
12.2 Latin America Network Encryption Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Network Encryption Market Size Forecast by Type
12.6.1 Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027
12.6.2 Digital Encryption
12.6.3 Symmetric and Asymmetric Encryption
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Network Encryption Market Size Forecast by Applications
12.10.1 Small and Medium-Sized Enterprises
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Network Encryption Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Network Encryption Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Network Encryption Market Size Forecast by Type
13.6.1 Global Network Encryption Market Size Growth Rate by Tecnology: 2016 VS 2021 VS 2027
13.6.2 Digital Encryption
13.6.3 Symmetric and Asymmetric Encryption
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Network Encryption Market Size Forecast by Applications
13.10.1 Small and Medium-Sized Enterprises
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Network Encryption Market: Competitive Dashboard
14.2 Global Network Encryption Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco
14.3.2 Oracle
14.3.3 Motorola Solutions
14.3.4 Thales Esecurity
14.3.5 Atos
14.3.6 Juniper Networks
14.3.7 Certes Networks
14.3.8 Rohde & Schwarz Cybersecurity
14.3.9 ADVA Optical
14.3.10 Gemalto
14.3.11 Nokia
14.3.12 Colt Technology Services
14.3.13 Aruba Networks
14.3.14 Huawei
14.3.15 Ciena
14.3.16 ECI Telecom
14.3.17 Senetas
14.3.18 Viasat
14.3.19 F5 Networks
14.3.20 Raytheon
14.3.21 Arris
14.3.22 Stormshield
14.3.23 Atmedia
14.3.24 Packetlight Networks
14.3.25 Quantum
14.3.26 Technical Communication