How big is the Network Encryption Market?

The Network Encryption Market size is expected to reach USD 4.83 billion in 2024 and grow at a CAGR of greater than 8.43% to reach USD 7.24 billion by 2029. Read More

What is the current Network Encryption Market size?

In 2024, the Network Encryption Market size is expected to reach USD 4.83 billion. Read More

Who are the key players in Network Encryption Market?

Thales Trusted Cyber Technologies, ATMedia Gmbh, Atos SE, Juniper Networks Inc. and Certes Networks Inc. are the major companies operating in the Network Encryption Market. Read More

Which is the fastest growing region in Network Encryption Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Network Encryption Market?

In 2024, the North America accounts for the largest market share in Network Encryption Market. Read More

What years does this Network Encryption Market cover, and what was the market size in 2023?

In 2023, the Network Encryption Market size was estimated at USD 4.42 billion. The report covers the Network Encryption Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Network Encryption Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Network Encryption Market Share

Statistics for the 2023 & 2024 Network Encryption market share, created by Mordor Intelligence™ Industry Reports. Network Encryption share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Network Encryption Industry

The network encryption market is fragmented, with several players operating. The major players with a prominent share in the market are focusing on expanding their customer base across foreign countries by leveraging strategic collaborative initiatives to increase their market share and profitability. Thales Trusted Cyber Technologies, Atos SE, Juniper Networks, Inc., Certes Networks, Inc., Senetas Corporation Ltd., Viasat Inc., Raytheon Technologies Corporation, Securosys SA., and Packetlight Networks are some of the major players present in the current market and undergoing strategic initiatives such as mergers, acquisitions, collaboration, product innovation, and others.

In February 2023, Atos announced the launch of its new '5Guard' security offering for organizations looking to deploy private 5G networks and for telecom operators looking to enable integrated, automated. They orchestrated security to protect and defend their assets and customers. Atos'product portfolio is Atos'encryption solutions (Trustway), identity and access management software; public critical infrastructure solutions (IDnomic); and Atos Managed Detection and Response (MDR) platform that elevates the security of 5G network elements, applications, and workloads by detecting and responding to potential threats in near real-time.

In January 2023, Equinix, a company that makes digital infrastructure, worked with Aviatrix, which makes cloud services, to make high-performance encryption for enterprise environments. This partnership will make the Aviatrix Edge software available in over 25 of Equinix's global business exchange data centers. The combined solution, which uses Equinix's Network Edge and Equinix Fabric, gives you the fastest, most secure connection to the cloud to see what's happening in multiple clouds.