The North America Network Encryption Market would witness market growth of 10.0% CAGR during the forecast period (2018 – 2024).
Major vertical systems like telecoms and IT, BFSI, the media and entertainment and government, focused on using their platform to implement network encryption. The technologically advanced region, North America, holds the biggest network encryption market as per the regions segment of the network encryption market. North America owns developed economies including the US and Canada. In terms of government regulations and compliance, the North American market offers suitable platforms for companies and SMEs. Enterprises are thus growing at a rapid pace and largely demand network encryption. For that reason, North America is the holder of the largest market size across the worldwide network encryption market. Enterprises in the North America are also consistently executing high-end business strategies to reap exponential revenues, thereby escalating their network encryption business across the region. Furthermore, the region has substantial IT expertise and expandable IT infrastructure. Consequently, enterprises tend to enhance their Capital Expenditures (CapEx) and Operational Expenditure (OpEx).
Based on Transmission type, the market 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. Moreover, online fraud is one of the most critical issues causing difficulties for cyber experts, network operators, service providers, and users across the globe. Companies are conducting data security awareness programs for employees and customers. Major vendors offering the network encryption hardware, platform, and services to the IT and telecom service providers include Cisco, Juniper, and Huawei. Telecom & IT have dominated the market during the forecast period. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis 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.
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