Global Optical Encryption Industry (2020 to 2027)
DUBLIN, July 5, 2021 /PRNewswire/ — The “Optical Encryption – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Optical Encryption estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 7.6% over the analysis period 2020-2027.
Layer1 (OTN), one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Layer 2 (MACsec) segment is readjusted to a revised 7.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $862.3 Million, While China is Forecast to Grow at 7% CAGR
The Optical Encryption…