Houston, TX -- (SBWIRE) -- 07/03/2018 -- The Optical Encryption Market was valued at USD 2.53 billion in 2017 and projected to reach USD 4.24 billion by 2023, at a CAGR of 8.9% during the forecast period.

Factors driving the growth of the optical encryption market include emerging requirement of regulatory compliances, growing concern over data security and privacy due to cyberattacks, and rising data center deployments. The major restraint for this market is the increasing network complexity. The market for Layer 1 is expected to grow at the highest CAGR during the forecast period. The reason for this growth is the advantages such as reduced cost, lower latency, high bandwidth efficiency, improved performance, and high availability, offered by Layer 1 encryption. Also, Layer 1 encryption supports a variety of client and transport interfaces for both current and future services.

A comprehensive analysis of the Global Optical Encryption Market has been conducted in this intelligence report. It includes the investigations carried out on the historical progressions, ongoing market scenarios, and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market has been mentioned. This report presents a comprehensive overview of the competitive scenario of the global market. The report further projects the size and valuation of the global market throughout the forecast period.

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Companies Profiled in this report includes, Ciena (US), ADVA (Germany), Nokia (Finland), ECI Telecom (Israel), Cisco (US), Huawei Technologies (China), Microsemi (US), Infinera (US), Arista Networks (US), and Acacia Communications (US).

The banking, financial services, and insurance (BFSI) vertical to hold largest share of optical encryption market during forecast period. The market for BFSI vertical is expected to lead the market between 2018 and 2023. The optical encryption is being increasingly deployed by the BFSI sector to protect their customers, meet government and industry data security compliance standards, facilitate security auditing, and avoid reputation damage caused by data breaches.

The report is characterized by numerous parts dealing with diverse aspects of the Optical Encryption market. This research report inspects the present situation and development scenario of the market around the globe during the forecasting horizon. To ascertain the market size, the report analyzes the revenue generated in the market worldwide together with representing the segmentation of the key players.

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The report gives an overview of the impact of the key drivers, restraints, and popular trends in the global Optical Encryption market. These factors are examined on both, regional as well as the global front, for varying levels of depth of market study. The regulatory scenario of the market, with the help of details of key rules, regulations, plans, and policies in the market, is also examined, presenting an overview of the factors that affect a variety of decisions in the global market.

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

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Table of Contents

Global Optical Encryption Market Research Report 2018

Chapter 1 Global Optical Encryption Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast