UK optical encryption market is estimated to grow significantly at a CAGR of around 10.5% during the forecast period. Various factors that are augmenting the growth of the UK optical encryption market include rising data security concerns coupled with the emergence of new regulations, such as GDPR and better telecommunication infrastructure within the country. UK has 79.2 million subscriptions of mobile connection which is about 121 subscriptions per 100 inhabitants. As per the ITU, an estimated 61 million people use the internet in the country which is around 95% of the total population in 2018, as compared to 92% in 2015. The high dependence on the internet and further growing internet penetration is increasing the big data in the country which is raising the demand for services and solutions that can securely transfer data. Thus, providing considerable growth opportunities for optical encryption market.

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UK 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 UK 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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The companies which are contributing to the growth of UK optical encryption market include ADVA Optical Networking SE, Ciena Corp., Colt Technology Services Group Ltd., Ericsson AB, Nokia Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

UK Optical Encryption Market by Encryption Layer

Layer 1
Layer 2
Layer 3

UK Optical Encryption Market by Verticals

Military & Defense
Banking, Financial Services and Insurance (BFSI)
Healthcare
Retail
Transportation
Telecom & IT
Others (Energy & Utilities)

Company Profiles

ADVA Optical Networking SE
Ciena Corp.
Cisco Systems, Inc.
Colt Technology Services Group Ltd.
Ericsson AB
ID Quantique SA
Infinera Corp.

Global IoT Sensor Market– Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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