In the first half of 2020, the total revenue of manufacturers in China’s IT security software market will be US $550 million, with a year-on-year increase of 2.63% From IDC

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The following is the In the first half of 2020, the total revenue of manufacturers in China’s IT security software market will be US $550 million, with a year-on-year increase of 2.63% From IDC recommended by recordtrend.com. And this article belongs to the classification: IDC, network security.

According to IDC’s tracking report on China’s IT security software market in the first half of 2020, the overall revenue of Chinese IT security software market manufacturers in the first half of 2020 was US $550 million (about 3.87 billion yuan), an increase of 2.63% compared with the first half of 2019.

The novel coronavirus pneumonia epidemic was hit by the global ICT market in the first half of 2020. Affected by this, the overall growth rate of China’s IT security market (including security hardware, security software and security services) has significantly decreased compared with the past three years. Especially in the first quarter, the construction of many network security projects of the government and large enterprises was delayed. Due to the shortage of cash flow, small and medium-sized enterprises reduced or even cancelled the project plan. Chinese network security manufacturers generally suffered huge revenue and profit pressure. As China effectively curbed the development of the epidemic in the second quarter, and took a number of effective measures to help enterprises return to work and production, China’s IT security market has also rapidly reversed the decline and made a good development.

Focusing on China’s IT security software market, Chinese enterprise users have gradually increased their recognition of security software while accelerating the application of emerging technologies such as big data, artificial intelligence, cloud computing, Internet of things and 5g. At the same time, the outbreak of the epidemic prompted enterprises to accelerate the pace of business on the cloud, and the cloud security demand has developed rapidly. Although the development of traditional network security software, such as terminal anti-virus software, localized identity authentication and digital certificate, has encountered great resistance in the first half of 2020, under the strong driving force of cloud computing, especially the public cloud market, the security software products on the cloud have maintained a high-speed development trend, such as software security gateway (UTM, WAF, etc.), identity authentication and management Host security, etc. Therefore, cloud security has helped China’s IT security software market withstand the pressure of the epidemic and achieve positive growth as a whole. IDC predicts that with the stable and effective control of China’s epidemic situation, the security market demand of localization scenarios will gradually warm up, and will jointly promote the rapid development of China’s IT security software market in 2020 with the cloud security market.

With the rapid development and application of virtualization and cloud computing technology, as well as the continuous growth of situation awareness market scale, the Unified Threat Management (UTM), web application firewall (WAF), security operation center (SOC) and other products in China’s IT security market have grown significantly, and have become an important part of China’s IT security software market. Therefore, based on the three main functional markets of terminal security software, identity and digital trust software, security analysis, intelligence, response and choreography (sairo), IDC has added the following contents to market customers:

Network security software (including software UTM, software WAF, software IDS / IPS, software VPN, etc.)

The sairo market is subdivided into two sub markets: Security Analysis and intelligence (SAI, including Siem / SOC software, threat intelligence products) and response and choreography software (RO, including vulnerability scanning and management software).

The above functional markets constitute the main body of China’s IT security software market.

In the first half of 2020, the performance of key manufacturers in each major functional market / sub market is as follows:

According to Zhao Weijing, research manager of IDC China network security market, IDC research shows that with the effective control of the epidemic situation in China, about 60% of China’s enterprises have entered the recovery growth or the next new normal. The demand for network security construction focuses on improving the overall security robustness (security automatic disposal, byod, data governance, virtual SOC, etc.) and building trust mechanism (zero trust system). IDC believes that in the second half of 2020, information construction projects of the government and enterprises will resume gradually, and network security manufacturers will also usher in a good opportunity for rapid development. They will strive to resist the pressure, fill in the market deficiency in the first half of the year as soon as possible, and add impetus to the growth of annual performance. At the same time, with the rapid development of cloud computing technology and enterprises’ recognition of the advantages and values of software form security products, China’s IT security software market is also expected to achieve rapid growth throughout the year. “

Read more: IDC: the overall revenue of manufacturers in China’s IT security software market is $949 million in 2018 IDC: in the first half of 2019, the overall revenue of manufacturers in China’s IT security software market is $482 million IDC: the overall revenue of manufacturers in China’s IT security software market in 2019 is $1.17 billion IDC: the total expenditure of China’s network security market is expected to reach 8.75 billion US dollars in 2020 IDC: the global IT security related hardware, software and service expenditure will reach 103.1 billion US dollars in 2019 IDC: the global network security market will grow by an average of 9% by 2020 IDC: the global network security expenditure is expected to reach 106.63 billion US dollars in 2019 IDC: the scale of China’s IT security market in 2013 is 1.83 billion US dollars USD IDC: it is predicted that the global network security related hardware, software and service investment will reach 106.63 billion USD in 2019. IDC: in 2013, China’s enterprise mobile security software market will reach 930 million USD. IDC: in 2018, the scale of China’s firewall market will reach 1.068 billion US dollars, with a year-on-year growth of 30.8%. IDC: the market scale of China’s hardware WAF will reach 116 million US dollars in 2019 IDC: enterprises will spend US $101.6 billion on network security in 2020 IDC: the global network security related hardware, software and service market investment will reach 125.21 billion US dollars in 2020 IDC: China Mobile Game monthly ranking in May 2019

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