Market Research Report
China Cyber Security Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942972|
Delivery time: 2-3 business days
|China Cyber Security Market 2019-2025|
|Published: February 24, 2020||Content info:||
China Cyber Security Market Size, Share & Trends Analysis Report by Type (Network Security, Application Security, Mobile Security, Wireless Security, Cloud Security, and Others), by Solutions (Risk and Compliance Management, Identity and Access Management, Data Loss Protection, Firewall, Unified Threat Management, Encryption, Antimalware and Antivirus, DDOS mitigation, Others), and by Vertical (Government, Aerospace & Defense, BFSI, Telecommunication, Healthcare, Retail, and Others) Forecast Period 2019-2025
China Cyber Security market is growing at a CAGR of around 12.4% during the forecast period. All the organizations in China are in possession of an increasing amount of personal information and transaction data. These organizations are now the main targets of cyber-attacks with sensitive data often being leaked due to organizational system vulnerabilities. In 2016-2017, internet users in China have suffered financial losses of up to RMB 91.5 billion due to personal information leakage, fraud, junk email and so forth. To overcome these issues the Chinese government initiatives have been implementing initiatives and regulations, which again is the major reason for this high penetration rate. An instant of this is the Broadband China Project, which focuses on providing access to high-speed broadband networks to 95 % of the country's urban population.
Additionally, China's State Council has announced plans to invest $22 billion in expanding broadband network infrastructure in rural areas of the country by the year 2020. This investment focuses on providing improved internet services to approximately 30 million households in the country which including about 50,000 villages. Moreover, China has a high number of smartphone users. These smartphones are adopted for various applications such as online transactions; social networks and so forth. These applications create highly vulnerable cyberspace which attracts the hackers regularly and thus requires the cyber security solutions to handle these threats, which in turn creates demand for the China cyber security market.
According to the China Internet Network Information Center (CINIC), most of the companies in the region possessed basic awareness of cyber security. China holds some cyber regulations which motivate the organizations to adopt the various cyber security strategies in the region. The region's major cyber security law came into existence in June 2017. It includes the protection of critical information infrastructure, safeguards for national cyberspace sovereignty, data and protection of individual privacy. However, China already had certain regulations related to information security such as Administrative Measures for Hierarchical Protection of Information Security, Administrative Measures for Prevention and Treatment of Computer Viruses, Anti-Terrorism law and so forth.
There are certain regulations such as Computer Information Network and Internet Security, Protection and Management Regulations which was issued in 1997. It consists of 5 Chapters and 25 Articles which ensures Internet service providers must secure processing of data, educate Internet users on security. Therefore, it is estimated to augment the demand of China cyber security market.
The market study of the China Cyber Security market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: