China Cyber Security Market Outlook to 2027F

China Cyber Security Market Outlook to 2027F

The report provides a comprehensive analysis of the potential of cyber security industry in China. The report covers an overview and genesis of the industry, market size in terms of revenue generated.

Its market segmentations include by component, by security, by deployment type, be region, by organization type and by industry; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the China Cyber Security Market which grew from approximately CNY ~ Bn in 2017 to approximately CNY ~Bn in 2022 is forecasted to grow further into CNY ~Bn opportunity by 2027F, owing to the new government policies, new players in the market and technological development.

The Chinese government is developing a plan to maximize its cybersecurity sector as it becomes increasingly worried about the security of its data in response to increased international conflict and requests for more personal safeguards.

The quantity of personal information and transaction data that all Chinese firms have on hand is growing. Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.

Key Trends by Market Segment:

By Deployment Type: Cloud segment contributed to the highest share, and it is attributed to increasing technological integration and surging digital usage by consumers post COVID-19.

By Component: Entities generally approach a cybersecurity service provider to take care of various functions rather than a standalone hardware and software. Therefore, the revenue contribution is higher for services.

Competitive Landscape

Future Outlook

China IT industry is on the rise, and more and more Chinese companies are entering the international market. Therefore, it will boost the cyber security market in China. Additionally, factors like transaction data, improved internet services, government regulations and technological development will also support the market in future.

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