UK optical encryption market is estimated to grow significantly at a CAGR of around 10.5% during the forecast period. Various factors that are augmenting the growth of the UK optical encryption market include rising data security concerns coupled with the emergence of new regulations, such as GDPR and better telecommunication infrastructure within the country. UK has 79.2 million subscriptions of mobile connection which is about 121 subscriptions per 100 inhabitants. As per the ITU, an estimated 61 million people use the internet in the country which is around 95% of the total population in 2018, as compared to 92% in 2015. The high dependence on the internet and further growing internet penetration is increasing the big data in the country which is raising the demand for services and solutions that can securely transfer data. Thus, providing considerable growth opportunities for optical encryption market.
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UK 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 UK 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
UK Optical Encryption Market by Encryption Layer
- Layer 1
- Layer 2
- Layer 3
UK Optical Encryption Market by Verticals
- Military & Defense
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Retail
- Transportation
- Telecom & IT
- Others (Energy & Utilities)
Company Profiles
- ADVA Optical Networking SE
- Ciena Corp.
- Cisco Systems, Inc.
- Colt Technology Services Group Ltd.
- Ericsson AB
- ID Quantique SA
- Infinera Corp.
- Nokia Corp.
- PacketLight Networks Ltd.
- SSE Telecoms, Ltd.
The Report Covers
- Comprehensive research methodology of the UK 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 UK optical encryption market.
- Insights about market determinants which are stimulating the UK 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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