The Asia Pacific Network encryption Market would witness market growth of 13.4% CAGR during the forecast period (2018 – 2024).
Network encryption or network layer or network level encryption is a network security procedure which employs crypto services at the network transfer layer that is above the data link level, but beneath the level of application. Open Systems Interconnection (OSI) reference model consists of layer 3 and layer 4 for network transfer. These layers are responsible for connectivity and routing between two end points. With the help of the currently present network services and application software, network encryption is not visible to the end users and it operates without being dependent on any other encryption processes. The data is put under encryption only when it is in the transit, existing as plaintext on the originating and receiving hosts.
Based on Transmission type, the market is segmented into Optical Transmission and Traditional Transmission. Traditional transmission is further bifurcated into Coaxial Cable, Twisted Pair Cable, and Radiowaves & Microwaves. Based on data Type, the market is segmented into Greater Than 10g & Less Than 40g, Greater Than 40g & Less Than 100g, Less Than 10g and Others. Based on the Component, the market is segmented into Hardware, Platform and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Telecom & IT, BFSI, Media & Entertainment, Government, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The Telecom and IT industry comprises of IT solution and service providers, Internet Service Providers (ISPs), consulting companies, and communication enterprises. The developments in innovative technologies and the surging adoption of the internet, mobile devices, Bring Your Own Device (BYOD) across organizations has amplified the need for protection of data which is transmitted over a network. Telecommunications companies and IT providers use network encryption solutions to secure critical information of businesses. Online fraud is one of the most critical problems that cyber experts, network operators, providers of services and users around the globe face. Companies are running awareness programs for data security for employees and clients. Major vendors offering the network encryption hardware, platform, and services to the IT and telecom service providers include Cisco, Juniper, and Huawei.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report IBM Corporation, Cisco Systems, Juniper Networks, BMC software, CA Technologies, Riverbed technology, SolarWinds Inc., Nokia Corporation, Micro Focus, and Kentik.