The [FURL=https://www.industryarc.com/Research/Optical-Encryption-Market-Research-505448?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Optical Encryption Market[/FURL] is forecast to reach $5.6 billion by 2026, growing at a CAGR of 12.2% from 2021 to 2026. The Optical Encryption Market is estimated to witness a sustainable growth over the forecast period majorly because of the rising security concerns by leading governmental organizations as well as privately held industries. After a series of high-profile breaches and data leaks, cybersecurity is now a boardroom-level concern. Currently, there is a lot more to data security than the hype. Addition of on-cloud data storage and rising adoption of Internet of Things (IoT), the rapid increase of diverse cloud data centres resulting in breaches and data leaks, especially in mobile devices is driving the need for improved encryption. As a result, organizations are revisiting their security strategies to ensure they are doing everything that can protect their data.
Key Takeaways
The Optical Encryption Market is estimated to witness a sustainable growth over the forecast period because of the growing technology in developing the cyber security at different industrial sectors as well as governmental premises.
The other factor responsible for the growth of Optical Encryption Market is the increased industrialization in various regions which lead to development of smart cities which has upgraded the installation of different optical encryption devices in different sectors.
In addition, increase in the availability of internet, data traffic has provided numerous benefits to the optical encryption market such as reduced cost, lower latency, high bandwidth efficiency, improved performance and high availability.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=505448[/FURL]
Optical Encryption Market Segment Analysis - By Geography
Asia-Pacific accounts for being the highest market share in 2020 at 33.1%. The market growth in this region is predominantly rising due to leading economies such as China, India, Japan and Others. According to Indian Brand Equity Foundation (IBEF), India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion and has registered strong growth in the last decade. Fulfilling the demands of users such as a high adoption rate of wireless communication and advancements in the IoT (Internet of Things) field are resulting in the rising demand for high data security measure on the internet.
Optical Encryption Market Drivers
Rise in Cyber Data security solutions drives market growth
Smart City Developments
Major companies such as Acacia Communications Inc., ADVA Optical Networking SE, Arista Networks Inc., Broadcom Ltd., CenturyLink Inc., Ciena Corporation, Cisco Systems Inc., Coriant GmbH, ECI Telecom Ltd., Huawei Technologies Co., Ltd.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.