Network Encryption System Market Report

Due to rising number of cyberattacks, network security breaches, and theft & losses in the organizations and standards bodies, the need to prevent unauthorized third parties from accessing the sensitive data is growing. With the emergence of Network Encryption System, businesses are dependent on these systems to protect applications as well as sensitive information from reputational damage, in case the data is lost or stolen, and maintain confidentiality.

Surge in the Number of Data Breaches to Drive the Adoption of Network Encryption System

Increasing network security breaches are compelling enterprises to invest in Network Encryption System. In addition, adoption of Network Encryption System is increasing among the organizations owing to increased need to meet compliance regulations. Introduction of stringent regulations will also boost the adoption of Network Encryption Systems.

Increased awareness regarding the usage of Network Encryption Systems among the IT, banking, and telecom industries will positively impact the growth of the Network Encryption System market. However, the market may get challenged in the near future due to frequent changes in government regulations on data protection across varied regions.

Key Players to Launch Advanced Network Encryption Systems to Fulfil Varied Application Needs

Some of the key manufacturers operating in the Network Encryption System market are Juniper Networks, Cisco, Gemalto, Thales eSecurity, Nokia, Atos, Ciena, ADVA, Rohde & Schwarz Cybersecurity, Colt Technology Services, Aruba, F5 Networks, Huawei, Stormshield, Senetas, ECI Telecom, Viasat, Raytheon, Quantum, ARRIS, TCC, atmedia, PacketLight Networks, Securosys, and Certes Networks.

Manufacturers are likely to launch advanced Network Encryption Systems so as to meet the requirements of the end-use applications. For instance, one of the key companies, Technical Communications Corporation (TCC) has got orders, worth $2.7 million, from ADS, Inc. for DSP9000 and HSE6000 encryption systems, training, and support to secure the military communications. Additionally, manufacturers are taking steps to strengthen their offerings.

Market Segmentation

By Component

●  Hardware

● Platform

● Services

By Transmission Outlook

● Optical Transmission

●  Coaxial Cable

● Twisted Pair Cable

● Radio waves & Microwaves

By End User

●  Telecom & IT

●  BFSI

●  Media & Entertainment

●  Government

●  Others

Adoption of Network Encryption System is likely to witness an upsurge in the IT & Telecom industry as the need to protect data transmitted over the network and obey industry regulations is high in this industry. Hardware components are gaining traction among the end-use industries for data processing as they provide advanced security against threats on networks, endpoints, and applications. Application of optical transmission is high in the organizations on the back of huge demand for high speed data, along with improved protection.

By Region

As per the analysts, North America will create robust demand for Network Encryption Systems on the back of early adoption of advanced technology and developed IT infrastructure. APAC is also not lagging behind. The region could create growth prospects for the manufacturers of Network Encryption System on the back of growing IT and Telecom industries in China and India, thus calling for the usage of Network Encryption System.

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