Growing demand to meet regulatory compliance drives overall network encryption market

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The global network encryption market size is expected to grow from $2.9 billion in 2018 to $4.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.  Major growth factors for the market include an increasing demand to meet different regulatory compliances and a growing focus on shielding organizations from network security breaches.

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