Optical Encryption Market Competitive Research And Precise Outlook 2023 To 2030

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Optical Encryption Market
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Market Overview
With a CAGR of 8.54 between 2023 and 2030, the
global optical encryption market is expected to
rise from its 2022 valuation of USD 3.64 billion
to reach USD 7.01 billion by 2030.The growth of
the optical encryption industry is primarily
being driven by an increase in cyberattacks,
concerns about data security, and government
spending on smart city initiatives. Multiple
layers of protection at the network's center and
its periphery are essential for maintaining its
security. The user and application ends, however,
are where most organizations put their emphasis
on security. Information now in transit across a
network.The risks of data loss are exacerbated by
the prevalence of cloud computing apps used for
data hosting, processing, and storage, which
increases the likelihood that sensitive data may
be transmitted over networks. Increases in the
frequency of data breaches are driving expansion
in this market. In 2019, for instance, it was
reported that Zynga, Facebook, Adobe Creative
Cloud, and Capital One Financial Corporation had
all experienced data leaks exposing 218 million
records.More people utilizing the internet, more
data traffic, lower costs, less latency, high
bandwidth efficiency, improved performance, and
higher availability are all factors driving
growth in the optical encryption industry.
Furthermore, optical encryption is used to secure
enormous amounts of data going across
international borders because more data is being
transported over greater distances via radio
waves (10G, 40G, and 100G). In January of 2020,
for instance, BGN Technology, formerly a firm
owned by Ben-Gurion

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By Region
In 2020, Asia-Pacific accounted for 33.1 of the
global market. China, India, Japan, and other
large economies in the region are driving market
expansion. The Indian Brand Equity Foundation
(IBEF) claims that with 1.16 billion subscribers,
India is the world's second largest
telecommunications market and has shown rapid
expansion over the previous decade. great data
security measures on the Internet are in great
demand because of user requirements including the
rising prevalence of wireless communication and
the expanding Internet of Things (IoT) industry.
End-to-end encryption systems, which protect
sensitive information by blocking its
transmission, are becoming increasingly in demand
as a result. The need for optical encryption
systems is rising due to increasing government
legislation on data security in these economies.
The expanding scope of networks in countries like
China, India, and Japan, as well as other growing
nations in the region, drives considerable growth
in the optical encryption industry.
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The Global Optical Encryption Market has been
segmented into

• By Application
• Bank, financial and insurance service
• Government
• Healthcare
• Data centre cloud
• Energy Utilities

• By Layer
• OTN or Layer1
• MACsec or Layer 2
• IPsec or Layer 3

• By Type
• Less than 10G
• Greater than 10G and less than 40G
• Greater than 40G and less than 100G
• Greater than 100G

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The Global Optical Encryption Market has been
segmented into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Key Market Updates
A merger between Cisco Systems Inc. and Acacia
Communications is scheduled for the beginning of
2021. The provision of such high-quality coherent
optical systems will aid Cisco's "Internet for
the Future" initiative.The Wavelogic Ai coherent
optical system from Ciena was selected by
Tasmanian Network Pty Ltd in April of 2020. This
was done so that consumers may carry out
mission-critical tasks despite the
ever-increasing demand for bandwidth brought on
by the Internet of Things (IoT), 5G, and data
center services. The Wavelogic Ai coherent
optical system boosts Tasmanian Networks'
capacity and efficiency by 42 percent and 24
percent, respectively.Acacia Communications, a
leading developer of high-speed coherent optical
interconnect devices, announced in December 2019
the general availability of a pluggable coherent
CFP2-DCO module capable of data transmission
rates between 100 Gbps and 200 Gbps. This module
was developed by Acacia to aid businesses in the
cloud and communications industries in cutting
down on overhead expenses, reaching more
customers, and releasing high-capacity solutions
more quickly.
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Market Players

• Cisco
• ADVA
• Micro semi
• Time Warner Cable
• China Mobile
• Ericson
• ATandT
• Nokia
• Telefonica
• Century link
• Vodafone
• Juniper nertworks
• Huawei
• Packelight network
• Orange
• Broadcom
• Facebook

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