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Optical Encryption Market Trends, Size, Competitive Analysis and Forecast 2019-2025

Optical Encryption Market Trends, Size, Competitive Analysis and Forecast 2019-2025

Submitted by • July 1, 2020 www.omrglobal.com

Optical encryption market is expected to grow at a moderate rate during the forecast period 2019-2025. Optical encryption is a medium to secure in-flight data in the network transport layer. It is carried over optical waves across fiber-optic cables. With an increasing number of data leaks and high-profile breaches, cybersecurity is a major concern. For instance, according to the Executive Officer of the President of the US, the US economy has incurred the loss due to malicious cyber activity costing between $57 billion to $109 billion in 2016. Three Ukrainian energy distribution companies were targeted for cyber-attacks in December 2015. This resulted in electricity outages for nearly 225,000 customers across Western Ukraine’s Ivano-Frankivsk region.

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Voted by mansi3210

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