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Network Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global network encryption market size reached US$ 3.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.45 Billion by 2027, exhibiting a growth rate (CAGR) of 9.0% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Network encryption solutions help protect the privacy and sensitive data of organizations against espionage. They ensure that the data is end-to-end encrypted while transmitting over a computer network. They can be incorporated with zero-touch encryption key management to provide robust, authenticated, and high-assurance encryption. Nowadays, companies across the globe are focusing on integrating network encryption solutions into a single platform to protect website traffic, internal networks, corporate backbone networks, and virtual private networks (VPNs).

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Network Encryption Market Trends:

The growing exchange of data via different networks represents one of the key factors catalyzing the demand for network encryption solutions to protect intellectual property and sensitive business information. Moreover, data threats and cybercriminal activities cause a huge financial loss to individuals and governing agencies. As a result, public authorities are deploying these solutions to secure digital communications and network transmitted data against cyberattacks and data breaches. Apart from this, the growing trend of m-health services, the emerging use of electronic health records (EHRs), and the increasing adoption of connected devices are driving the application of network encryption solutions in the healthcare industry worldwide. This can also be attributed to the growing prevalence of chronic diseases and improving access to healthcare facilities. Network encryption solutions safeguard electronic patient information from data breaches, keep critical systems secure, and contribute to compliance with stringent governmental regulations. Furthermore, digitization of energy services and rising concerns of preventing operational data loss are positively influencing the market. In addition, the increasing energy demand, along with growing investments by governing agencies of various countries in the renewable energy infrastructure, is providing lucrative growth opportunities to players operating in the industry.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global network encryption market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment mode, organization size and end use industry.

Breakup by Component:

 

 
 

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  • Hardware
  • Solutions and Services
     

Breakup by Deployment Mode:

  • Cloud-based
  • On-premises
     

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises
     

Breakup by End Use Industry:

  • Telecom and IT
  • BFSI
  • Government
  • Media and Entertainment
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Atos SE, Ciena Corporation, Cisco Systems Inc., Colt Technology Services Group Limited, F5 Networks Inc., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, PacketLight Networks Ltd., Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG, Securosys SA, Senetas Corporation Limited, Thales Group and Viasat Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Deployment Mode, Organization Size, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Atos SE, Ciena Corporation, Cisco Systems Inc., Colt Technology Services Group Limited, F5 Networks Inc., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, PacketLight Networks Ltd., Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG, Securosys SA, Senetas Corporation Limited, Thales Group and Viasat Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Network Encryption Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Solutions and Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Deployment Mode
    7.1    Cloud-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    On-premises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Organization Size
    8.1    Small and Medium-sized Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Large Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End Use Industry
    9.1    Telecom and IT
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    BFSI
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Government
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Media and Entertainment
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Atos SE
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Ciena Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Cisco Systems Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Colt Technology Services Group Limited
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 SWOT Analysis
        15.3.5    F5 Networks Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    International Business Machines Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Juniper Networks Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Nokia Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    PacketLight Networks Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Raytheon Technologies Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Rohde & Schwarz GmbH & Co KG
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Securosys SA
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
        15.3.13    Senetas Corporation Limited
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
        15.3.14    Thales Group
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio
           15.3.14.3 Financials
           15.3.14.4 SWOT Analysis
        15.3.15    Viasat Inc.
           15.3.15.1 Company Overview
           15.3.15.2 Product Portfolio
           15.3.15.3 Financials
           15.3.15.4 SWOT Analysis

List of Figures

Figure 1: Global: Network Encryption Market: Major Drivers and Challenges
Figure 2: Global: Network Encryption Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Network Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Network Encryption Market: Breakup by Component (in %), 2021
Figure 5: Global: Network Encryption Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Network Encryption Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Network Encryption Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Network Encryption Market: Breakup by Region (in %), 2021
Figure 9: Global: Network Encryption (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Network Encryption (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Network Encryption (Solutions and Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Network Encryption (Solutions and Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Network Encryption (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Network Encryption (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Network Encryption (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Network Encryption (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Network Encryption (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Network Encryption (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Network Encryption (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Network Encryption (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Network Encryption (Telecom and IT) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Network Encryption (Telecom and IT) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Network Encryption (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Network Encryption (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Network Encryption (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Network Encryption (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Network Encryption (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Network Encryption (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Network Encryption (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Network Encryption (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Network Encryption Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Network Encryption Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Network Encryption Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Network Encryption Industry: SWOT Analysis
Figure 81: Global: Network Encryption Industry: Value Chain Analysis
Figure 82: Global: Network Encryption Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Network Encryption Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Network Encryption Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Network Encryption Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Network Encryption Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Network Encryption Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Network Encryption Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Network Encryption Market: Competitive Structure
Table 8: Global: Network Encryption Market: Key Players


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Key Questions Answered in This Report

The global network encryption market was valued at US$ 3.82 Billion in 2021.

 

We expect the global network encryption market to exhibit a CAGR of 9.0% during 2022-2027.

 

The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for network encryption solutions to protect the organization’s private and sensitive data as well as ensure the end-to-end encryption of the data, during the remote working scenario.

 

The rising number of data threats and cybercriminal activities, along with the growing adoption of network encryption solutions to secure digital communications and network transmitted data, is primarily driving the global network encryption market.

Based on the component, the global network encryption market can be bifurcated into hardware and solutions and services, where solutions and services currently account for the majority of the total market share.

Based on the organization size, the global network encryption market has been divided into small and medium-sized enterprises and large enterprises. Currently, large enterprises exhibit a clear dominance in the market.

Based on the end use industry, the global network encryption market can be segmented into telecom and IT, BFSI, government, media and entertainment, and others. Among these, the BFSI sector holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global network encryption market include Atos SE, Ciena Corporation, Cisco Systems Inc., Colt Technology Services Group Limited, F5 Networks Inc., International Business Machines Corporation, Juniper Networks Inc., Nokia Corporation, PacketLight Networks Ltd., Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG, Securosys SA, Senetas Corporation Limited, Thales Group, and Viasat Inc.

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