Japan optical encryption market is estimated to grow significantly at a CAGR of around 10.1% during the forecast period. The major factors that propels the market growth include increasing number of internet users coupled with growing concern related to data security and safety across the globe. There is a considerable number of internet users which increased the government’s focus towards cybersecurity as the country is facing a major concern of cyber-attacks. Japan is preparing for the revised 2021 Tokyo Olympic and Paralympic Games and increasing focus on cybersecurity has been reported in response to an increasing frequency of cyber-attacks. The government of Japan is focusing on strengthening its network infrastructure by quantum cryptography. The Japanese government plans to leverage its quantum cryptography technology R&D which is expected to be in practical use in 2025 that further provide significant opportunity to the market.
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Japan 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 Japan 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
Japan Optical Encryption Market by Encryption Layer
- Layer 1
- Layer 2
- Layer 3
Japan 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 Japan 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 Japan optical encryption market.
- Insights about market determinants which are stimulating the Japan 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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