China optical encryption market is estimated to grow significantly at a CAGR of around 8.8% during the forecast period. The major factors that propels the market growth include increasing internet penetration, rising focus on cybersecurity,, rising investment in smart city projects and emerging focus on cybersecurity in the country. According to the German Asia-Pacific Business Association, the Chinese government is focusing on the development of smart cities and nearly 500 pilot projects have already been running in the country. The smart city ambitions of China have been primarily led by giant private-sector players that are contributing to make smart cities across the country; these companies also provide technologically advance and innovative capabilities to bolster the infrastructural improvement in the country.
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China 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 China 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
China Optical Encryption Market by Encryption Layer
- Layer 1
- Layer 2
- Layer 3
China Optical Encryption Market by Verticals
- Military & Defense
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Retail
- Transportation
- Telecom & IT
- Others (Energy & Utilities)
Company Profiles
- Ciena Corp.
- Cisco Systems, Inc.
- CenturyLink, Inc.
- Ericsson AB
- ECI Telecom Ltd.
- Huawei Technologies Co., Ltd.
- Infinera Corp.
- Nokia Corp.
- PacketLight Networks Ltd.
- ZTE Corp.
The Report Covers
- Comprehensive research methodology of the China 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 China optical encryption market.
- Insights about market determinants which are stimulating the China 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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