Network encryption is a security process that applies crypto services on the network transfer layer. This layer is above the data link, but below the application. The network transfer layers are Open Systems Interconnection reference models, responsible for routing and connectivity between two ends. Using the existing network services and application software, network encryption is invisible to the end user. This encryption model operates independently than any other encryption processes. . Data is encrypted only while in transit, existing as plaintext on originating and receiving hosts.
Many companies offer network encryption products and services. The report by Transparency Market Research provides details on the growth prospects of the market. The study also focuses on competitive dynamics in the global network encryption market by factoring in weaknesses and strengths of prominent participants.
Global Network Encryption Market: Drivers & Restraints
Major growth factors for the market include growing demand to meet various regulatory compliances. In addition, the increasing focus to shield organizations from network security breaches is also a growth factor for the global network encryption market. With industries working through management platforms and scattered point solutions, networks have become increasingly vulnerable to breaches. Small and large organizations are often challenged to protect sensitive data and ensure compliance. This is estimated to fuel growth in the network encryption market in the coming years.
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Risks and threats are becoming advanced and have the capability of hampering enterprises and other critical infrastructure. Therefore, enterprises across the globe are constantly searching for cost-effective and robust products. They are also working on to improve network security and offer enhanced experience to customers. Hardware devices play a vital role in the global network encryption market to process the data. . Moreover, hardware components offer advanced security against threats on endpoints, networks, and applications.
Global Network Encryption Market: Geographical Outlook
Organizations in developed countries can easily invest in network encryption; but in the developing countries, this remains a challenge. The major growth improves the demand for network security, especially in the North America. This region accounts for the highest revenue shares in the global network encryption market. The market is expected shift towards high speed,low latency, and robust security. These regions are likely to exhibit high demand for global network encryption market due to rapid growth occurring in the information technology sector.
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Global Network Encryption Market: Competitive Landscape
Companies such as BSFI, HIPPA, and PSS DSI among several others, enjoy a strong hold in the global network encryption market. The market is currently witnessing fierce competition among several leading players. Manufacturers of network encryption technology are emphasizing on strengthening their offerings. They are also expected to positively influence the global network encryption market in the near future.
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