Dublin, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The "Optical Encryption - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Optical Encryption Market to Reach $9.1 Trillion by 2030
The global market for Optical Encryption estimated at US$4.4 Trillion in the year 2022, is projected to reach a revised size of US$9.1 Trillion by 2030, growing at a CAGR of 9.6% over the analysis period 2022-2030.
Layer 1 (OTN), one of the segments analyzed in the report, is projected to record 10.8% CAGR and reach US$2.1 Trillion by the end of the analysis period. Growth in the Layer 2 (macsec) segment is estimated at 9.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Trillion, While China is Forecast to Grow at 11.2% CAGR
The Optical Encryption market in the U.S. is estimated at US$1.4 Trillion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Trillion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 8.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Rise in Data Theft in a Rapidly Digitalizing World Provides the Cornerstone for the Growth of Optical Encryption
- Growing Problem of Data Theft & Breaches Drives Companies to Eliminate their Gaps in Security Strategies With Optical Encryption: Number of Annual Data Compromises in the U.S for the Years 2015, 2017, 2019, 2021 and 2023
- Rising Average Cost of Data Breach Primes the Optical Encryption Market for Growth in the Coming Decade: Global Average Cost Per Data Breach (In US$ Million) for Years 2015, 2017, 2019, 2021 and 2023
- Global Economic Update
- Competition
- Optical Encryption - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Optical Encryption: Overview, Benefits & Applications
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Increasing Optic Fibre Penetration Sets the Tone for Growth in the Market
- Global Market for Fiber Optics (In US$ Million) by Type for the Years 2021, 2023, 2025 and 2027
- Cloud & App Driven BYOD Era Makes Encrypting In-Flight Data More Important Than Ever
- BYOD & Enterprise Mobility Makes Encryption at the Transport Layer the Only Effective, Flexible & Cost Effective Way to Protect In-Flight Data
- There is No Safer Way of Securing Data in Motion in the Cloud than Encrypting Data at the Optical Transport Layer of the Network
- Rise of Digital Banking Sets the Platform for the Growth of Optical Encryption for Financial Networks
- Rise of Digital Banking & Parallel Increase in Financial Frauds Strengthens the Business Case for Optical Encryption for Protection of Financial Networks
- Growing Investments in Industrial Cybersecurity to Spur Adoption of Optical Encryption
- Supported by its Many Benefits, Optical Encryption is Poised to Bag a Fair Share of Industrial Cybersecurity Budget Outlays
- As Enterprises Begin to See Benefit in the Technology, Innovations in Optical Encryption Gets Underway in Full Swing
FOCUS ON SELECT PLAYERS (Total 43 Featured)
- Acacia Communications Inc.
- ADVA Optical Networking SE
- Arista Networks Inc.
- Broadcom Inc.
- Ciena Corporation
- Cisco Systems Inc.
- Huawei Technologies CO, Ltd.
- Infinera Corporation
- Juniper Networks Inc.
- Microchip Technology Inc.
- Microsemi Corporation
- Nokia Corporation
- Thales e-Security, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/85ya4z
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