Optical Encryption Market – Forecast (2021 - 2026)
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• The Optical Encryption Market 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.
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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. This tend to propel its demands different sectors which enhances its growth in the global market. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Asymmetric Encryption has dominated the Optical Encryption Market in 2020 with a share of 63.5% as compared to Symmetric Encryption as it offers different advantages to the Optical Encryption for data security in mobile devices. Asymmetric encryption uses a pair of related keys which are a public and a private key. The public key, which is accessible to everyone is used to encrypt a plaintext message before sending it. To decrypt and read this message, the user need to hold the private key. The public and the private keys are mathematically related, but the private key cannot be derived from it. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Optical Encryption Market Industry Outlook • • • • • • • • •
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.
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Optical Encryption Market – Forecast (2021 - 2026) Learn More About the Report
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