The LAMEA Network encryption Market Size would witness market growth of 15.3% CAGR during the forecast period (2018 – 2024).
Network encryption can be defined as the protective/security barrier between the communications of various networks/computer models. It is implemented over the internet protocol security and a number of varying algorithms, and standards are applied over the message that is sent through the network. Major growth factors for the market include an increasing demand to meet different regulatory compliances and a growing focus on shielding organizations from network security breaches. However, frequent changes in government policies for data protection across regions may hinder the market growth.
In order to protect critical data against fraud and data breaks, small and medium-sized enterprises adopt fast network encoding solutions. SMEs have a wealth of hosted cloud services; therefore, the solutions of network encryption are mainly enhanced and reliable. SMEs require multiple layers of monitoring, security, and centralized console to cut down costs and ensure effective security of data. The network encryption solution is of major benefit to SMEs, it allows them to securely move data and maintain data integrity in order to minimize data fraud and boost business operations. Moreover, network encryption solutions can help SMEs elevate their anonymity and privacy thus keeping them ahead of threats from security breaches while reducing complexities and compliance costs.
Based on Transmission type, the LAMEA Network encryption Market Size is segmented into Optical Transmission and Traditional Transmission. Traditional transmission is further bifurcated into Coaxial Cable, Twisted Pair Cable, and Radiowaves & Microwaves. Based on data Type, the market is segmented into Greater Than 10g & Less Than 40g, Greater Than 40g & Less Than 100g, Less Than 10g and Others. Based on the Component, the market is segmented into Hardware, Platform and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Telecom & IT, BFSI, Media & Entertainment, Government, and Others. Based on countries, the LAMEA Network encryption Market Size is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The LAMEA Network encryption Market Analysis report covers theanalysis of key stake holders of the market. Key companies profiled in the report IBM Corporation, Cisco Systems, Juniper Networks, BMC software, CA Technologies, Riverbed technology, SolarWinds Inc., Nokia Corporation, Micro Focus, and Kentik.
Scope of the Study
Market Segmentation:
By Transmission Type
By Data Rate
By Component
By Organization Size
By End User
By Country
Companies Profiled
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 