Electronics

Recently, IDC released the "IDC Global Cybersecurity Spending Guide" predicts that my country's cybersecurity market investment scale will reach 9.78 billion U.S. dollars in 2021, and is expected to grow to 18.79 billion U.S. dollars in 2025, with a 5-year CAGR of approximately 17.9%, a growth rate Continue to lead the world.

The "Guide" shows that in the next five years, the network security hardware market will remain my country's largest IT security primary sub-market, with a compound annual growth rate of 17.1%. During the five-year forecast period of 2021-2025, over 90% of my country's IT investment in the network security hardware market will flow to the three major sub-markets of unified threat management products and intrusion detection and defense. Among them, unified threat management products and firewall products based on the UTM platform, as rigidly needed products for end users to build a network security defense system, will continue to develop rapidly at a compound annual growth rate of more than 15%.

In terms of the software market, IDC predicts that my country's network security software market will become the fastest-growing sub-market among the three primary network security markets in the next five years, with a compound growth rate of over 20% from 2021 to 2025. Among them, the network security analysis, intelligence, response and orchestration market will surpass the identity and digital trust software market to become the largest secondary software submarket in 2025. In addition, in the context of accelerating the pace of enterprise cloud migration, the software security gateway market will usher in a period of rapid market development with a compound growth rate of more than 25%.

In terms of the service market, with the implementation of the "Equivalent Guarantee 2.0" system, my country's network security service market has begun to enter the fast lane of development. IDC predicts that the compound growth rate from 2021 to 2025 will exceed 15%. Among them, the IT security consulting market will remain the largest service submarket in the next 5 years, and compliance consulting, security testing, emergency response and other fields will become the main driving force for the continuous development of the IT consulting market. In addition, managed security services will develop rapidly in the next five years under the general trend of the explosion of customer security operation needs, with a compound annual growth rate of more than 20%.

IDC China Cybersecurity Analyst Wang Yiting believes: “Since 2017, China's cybersecurity market has undergone many changes, and the changes are concentrated in both policies and requirements. The continuous improvement of laws and regulations has made end users more aware of the importance of cybersecurity. In addition to compliance, driven by attack incidents and attack situations, end users’ security needs for automation, automation, intelligence, service, and actual combat have further increased. Under demand, the cyber security market will continue in the next 5 years. Maintain a high growth rate."