The global optical encryption market is estimated to exhibit a strong growth rate of around 8.2% over the forecast period. The market growth is attributed to the increasing internet penetration, rising focus on cyber security, and growing smart city projects across the globe. The increasing internet penetration has increased the concerns associated with data traffic and data security, which in turn, drive the adoption of optical encryption technology globally. As a means of securing in-flight data, optical encryption has remarkable benefits compared to conventional encryption solutions that operate at higher layers of the network. As a result, optical encryption techniques will be increasingly adopted to provide an exceptionally secure connection to the infrastructure by protecting data from theft.
Market Segmentation
The global optical encryption market has been analyzed on the basis of encryption layer, data rate, end-user, and region. Based on the encryption layer, the market is segmented into OTN or Layer 1, MACsec or Layer 2, and IPsec or Layer 3. IPsec or Layer 3 is dominating the global market in 2022 and is further estimated to continue its dominating nature over the forecast period.
Based on data rate, the market is segmented into Less than 10 G, 10 G to 40 G, 40 G to 100 G, and more than 100 G. The 10 G to 40 G data rate segment accounted for the largest share of the optical encryption market. Further, on the basis of end-user, the market covers the analysis of BFSI, IT & telecom, retail & e-commerce, data center & cloud, government & defense, healthcare, and others. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The growth of the global optical encryption market is characterized by the presence of players operating in the market. Some of the prominent players that contribute significantly to the market growth include Nokia Corp., Cisco Systems Inc., Huawei Technologies Co. Ltd., Broadcom Inc., Juniper Networks Inc., Ciena Corp., ECI Telecom Ltd., Microsemi Corp., Arista Networks Inc., Crown Castle International Corp., ADVA Optical Networking SE, Microchip Technology Inc., and Thales Group, among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market.
• In March 2021, Cisco Systems Inc. announced the acquisition of Acacia Communications Inc., a Massachusetts-based company that designs, manufactures, and sells a complete portfolio of high-speed optical interconnect technologies addressing a range of applications across datacenter, metro, regional, long-haul, and undersea networks. The acquisition has strengthened Cisco's routing and optical networking portfolio.
• In April 2020, Tasmanian Network Pty Ltd. selected Ciena's Wavelogic Ai coherent optical solution. This was done to address rising bandwidth requirements driven by IoT, 5G, and data center services to cater to its end users with mission-critical tasks. Wavelogic Ai is a coherent optical solution that provides Tasmanian Networks' with 42-24 enhanced capacity and efficiency in the network.
Global Optical Encryption Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, public and private expenditure, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Optical Encryption Providers
6.3.2. Key End-Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Rules & Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Optical Encryption Market: Key Investment Analysis
9.1. By Leading Optical Encryption Providers
9.2. By Region
9.3. By End-User
9.4. M&A Activities
Robust assessment of major investments made by various industry players along with key end-use sectors, and key regions
10. Segmental Analysis
10.1. Global Optical Encryption Market by Encryption Layer
10.1.1. Segment Overview
10.1.1.1. OTN or Layer 1
10.1.1.2. MACsec or Layer 2
10.1.1.3. IPsec or Layer 3
10.2. Global Optical Encryption Market by Data Rate
10.2.1. Segment Overview
10.2.1.1. Less than 10 G
10.2.1.2. 10 G to 40 G
10.2.1.3. 40 G to 100 G
10.2.1.4. More than 100 G
10.3. Global Optical Encryption Market by End User
10.3.1. Segment Overview
10.3.1.1. BFSI
10.3.1.2. IT & Telecom
10.3.1.3. Retail & E-Commerce
10.3.1.4. Data Center & Cloud
10.3.1.5. Government & Defense
10.3.1.6. Healthcare
10.3.1.7. Others (Manufacturing, Energy & Utilities, Education, etc.)
10.4. Global Optical Encryption Market by Region
10.4.1. North America
10.4.2. Latin America
10.4.3. Western Europe
10.4.4. Eastern Europe
10.4.5. Asia Pacific
10.4.6. Middle East & Africa
11. Regional Analysis
11.1. North America Optical Encryption Market Analysis and Forecast 2019-2028
11.1.1. Regional Market Overview and Key Takeaways
11.1.2. North America Optical Encryption Market by Encryption Layer
11.1.3. North America Optical Encryption Market by Data Rate
11.1.4. North America Optical Encryption Market by End User
11.1.5. North America Optical Encryption Market by Country
11.1.5.1. US
11.1.5.2. Canada
11.2. Latin America Optical Encryption Market Analysis and Forecast 2019-2028
11.2.1. Regional Market Overview and Key Takeaways
11.2.2. Latin America Optical Encryption Market by Encryption Layer
11.2.3. Latin America Optical Encryption Market by Data Rate
11.2.4. Latin America Optical Encryption Market by End User
11.2.5. Latin America Optical Encryption Market by Country
11.2.5.1. Brazil
11.2.5.2. Mexico
11.2.5.3. Rest of Latin America
11.3. Western Europe Optical Encryption Market Analysis and Forecast 2019-2028
11.3.1. Regional Market Overview and Key Takeaways
11.3.2. Western Europe Optical Encryption Market by Encryption Layer
11.3.3. Western Europe Optical Encryption Market by Data Rate
11.3.4. Western Europe Optical Encryption Market by End User
11.3.5. Western Europe Optical Encryption Market by Country
11.3.5.1. Germany
11.3.5.2. UK
11.3.5.3. France
11.3.5.4. Spain
11.3.5.5. Italy
11.3.5.6. Benelux
11.3.5.7. Nordic
11.3.5.8. Rest of Western Europe
11.4. Eastern Europe Optical Encryption Market Analysis and Forecast 2019-2028
11.4.1. Regional Market Overview and Key Takeaways
11.4.2. Eastern Europe Optical Encryption Market by Encryption Layer
11.4.3. Eastern Europe Optical Encryption Market by Data Rate
11.4.4. Eastern Europe Optical Encryption Market by End User
11.4.5. Eastern Europe Optical Encryption Market by Country
11.4.5.1. Russia
11.4.5.2. Poland
11.4.5.3. Rest of Eastern Europe
11.5. Asia Pacific Optical Encryption Market Analysis and Forecast 2019-2028
11.5.1. Regional Market Overview and Key Takeaways
11.5.2. Asia Pacific Optical Encryption Market by Encryption Layer
11.5.3. Asia Pacific Optical Encryption Market by Data Rate
11.5.4. Asia Pacific Optical Encryption Market by End User
11.5.5. Asia Pacific Optical Encryption Market by Country
11.5.5.1. China
11.5.5.2. Japan
11.5.5.3. India
11.5.5.4. South Korea
11.5.5.5. Australia
11.5.5.6. ASEAN
11.5.5.7. Rest of Asia-Pacific
11.6. Middle East & Africa Optical Encryption Market Analysis and Forecast 2019-2028
11.6.1. Regional Market Overview and Key Takeaways
11.6.2. Middle East & Africa Optical Encryption Market by Encryption Layer
11.6.3. Middle East & Africa Optical Encryption Market by Data Rate
11.6.4. Middle East & Africa Optical Encryption Market by End User
11.6.5. Middle East & Africa Optical Encryption by Country
11.6.5.1. GCC
11.6.5.2. South Africa
11.6.5.3. Turkey
11.6.5.4. Rest of the Middle East & Africa
12. Competitive Landscape
12.1. Competition Dashboard
12.1.1. Global and Regional Market Share Analysis
12.1.2. Market Structure
12.2. Competitive Benchmarking
12.3. Key Strategy Analysis
12.4. Company Profiles
12.4.1. Nokia Corp.
12.4.1.1. Company Overview
12.4.1.2. Product/Service Offerings
12.4.1.3. Key Financials
12.4.1.4. Recent Developments
12.4.2. Cisco Systems, Inc.
12.4.2.1. Company Overview
12.4.2.2. Product/Service Offerings
12.4.2.3. Financials
12.4.2.4. Recent Developments
12.4.3. Huawei Technologies Co., Ltd.
12.4.3.1. Company Overview
12.4.3.2. Product/Service Offerings
12.4.3.3. Financials
12.4.3.4. Recent Developments
12.4.4. Broadcom Inc.
12.4.4.1. Company Overview
12.4.4.2. Product/Service Offerings
12.4.4.3. Financials
12.4.4.4. Recent Developments
12.4.5. Juniper Networks Inc.
12.4.5.1. Company Overview
12.4.5.2. Product/Service Offerings
12.4.5.3. Financials
12.4.5.4. Recent Developments
12.4.6. Ciena Corp.
12.4.6.1. Company Overview
12.4.6.2. Product/Service Offerings
12.4.6.3. Financials
12.4.6.4. Recent Developments
12.4.7. ECI Telecom Ltd.
12.4.7.1. Company Overview
12.4.7.2. Product/Service Offerings
12.4.7.3. Financials
12.4.7.4. Recent Developments
12.4.8. Microsemi Corp.
12.4.8.1. Company Overview
12.4.8.2. Product/Service Offerings
12.4.8.3. Financials
12.4.8.4. Recent Developments
12.4.9. Arista Networks, Inc.
12.4.9.1. Company Overview
12.4.9.2. Product/Service Offerings
12.4.9.3. Financials
12.4.9.4. Recent Developments
12.4.10. Crown Castle International Corp.
12.4.10.1. Company Overview
12.4.10.2. Product/Service Offerings
12.4.10.3. Financials
12.4.10.4. Recent Developments
12.4.11. ADVA Optical Networking SE
12.4.11.1. Company Overview
12.4.11.2. Product/Service Offerings
12.4.11.3. Financials
12.4.11.4. Recent Developments
12.4.12. Microchip Technology Inc.
12.4.12.1. Company Overview
12.4.12.2. Product/Service Offerings
12.4.12.3. Financials
12.4.12.4. Recent Developments
12.4.13. Thales Group
12.4.13.1. Company Overview
12.4.13.2. Product/Service Offerings
12.4.13.3. Financials
12.4.13.4. Recent Developments
13. Disclaimer
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