Network Encryption Market by Component (Services, Hardware, and), Transmission Type (Optical Transmission and Traditional Transmission), Entity Size, Data Rate, Vertical, and Region – 2022 to 2027


The global network encryption market size is expected to reach USD 5 billion by 2024, growing at a compound annual growth rate of 9.65% during the forecast period. Major market growth drivers include growing optical transmission adoption, increasing demand to meet different regulatory compliances, and increasing emphasis on protecting organizations from breaches of network security.