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July 30, 2021, 3:15 p.m. EDT

Optical Encryption Market Size Forecast to Reach $5.6 Billion by 2026

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Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Optical Encryption Market. The Optical Encryption Market is dominated by major companies such as Acacia Communications Inc., ADVA Optical Networking SE, Arista Networks Inc., Broadcom Ltd., CenturyLink Inc., Ciena Corporation, Cisco Systems Inc., Coriant GmbH, ECI Telecom Ltd., Huawei Technologies Co., Ltd.

Acquisitions/Technology Launches/Partnerships

In January 2021, Cisco Systems Inc. and Acacia Communications merged together that will enhance Cisco’s ‘Internet for the Future’ strategy to offer world class coherent optical solutions.

In December 2019, Acacia Communications, a leading provider of high-speed coherent optical interconnect products launched the general availability of its pluggable coherent CFP2-DCO module which supports data range from 100 Gbps to 200 Gbps transmission. Acacia designed this module to help cloud and telecommunications providers to reduce their operational and capital expenses, increase reach and accelerate time-to-market of high-capacity solutions.

Key Takeaways

The Optical Encryption Market is estimated to witness a sustainable growth over the forecast period because of the growing technology in developing the cyber security at different industrial sectors as well as governmental premises.

The other factor responsible for the growth of Optical Encryption Market is the increased industrialization in various regions which lead to development of smart cities which has upgraded the installation of different optical encryption devices in different sectors.

In addition, increase in the availability of internet, data traffic has provided numerous benefits to the optical encryption market such as reduced cost, lower latency, high bandwidth efficiency, improved performance and high availability. This tend to propel its demands different sectors which enhances its growth in the global market.

With the rise in Governmental regulations to provide maximum security to industries leading technology that encrypts in-flight data from end-point to end-point at Layer tend to provide secure encryption system which uplifts the demand of Optical Encryption systems.

Related Reports:

A. Optical Communication And Networking Market

https://www.industryarc.com/Research/Optical-Communication-And-Networking-Market-Research-505338

B. Electro-Optical system Market

https://www.industryarc.com/Report/15688/electro-optical-system-market.html

For more Electronics Market reports - Please click here

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COMTEX_390679024/2555/2021-07-30T15:14:38

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