US optical encryption market is estimated to grow significantly at a CAGR of around 7.7% during the forecast period. Increasing internet penetration in the US is also one of the major factors augmenting the growth of the market. As per the International Telecommunication Union, the total percentage of internet users in the country was estimated to be approximately 312 million in 2019 as compared to approximately 286 million in 2016 and the number is further estimated to increase in the future. The increasing number of smartphone users increases the risk of cyber-attacks. Therefore, it is estimated as a major factor which will augment the market during the forecasted period. Further, the increasing number of cyber-attacks in the US is also estimated to have a major impact on the growth of the US market.
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The US optical encryption market is segmented on the basis of the encryption layer and vertical. Based on the encryption layer, the market is further segmented into Layer 1, Layer 2, and Layer 3. Based on vertical, the market is further segmented into military & defense, BFSI, healthcare, retail, transportation, IT & telecom, and others. BFSI sector extensively deploys optical encryption to protect their customers, meet government and industry data security compliance standards. Therefore the BFSI segment has significant share in the US optical encryption market. Moreover, the significant number of data centers, increasing data traffic over the telecom and IT sector coupled with rising cyber threats are augmenting the need for optical encryption solutions in the IT and telecom sector.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Optical Encryption Market by Encryption Layer
- Layer 1
- Layer 2
- Layer 3
US Optical Encryption Market by Verticals
- Military & Defense
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Retail
- Transportation
- Telecom & IT
- Others (Energy & Utilities)
Company Profiles
- Arista Networks, Inc.
- CenturyLink, Inc.
- Ciena Corp.
- Cisco Systems, Inc.
- Crown Castle International Corp.
- Infinera Corp.
- Microsemi Corp.
- NuCrypt, LLC
- Thales eSecurity, Inc.
- Windstream Holdings, Inc.
The Report Covers
- Comprehensive research methodology of the US optical encryption market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US optical encryption market.
- Insights about market determinants which are stimulating the US optical encryption market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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