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It is predicted that the global investment in network security related hardware, software and services will reach 143.5 billion US dollars in 2021 From IDC

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According to the latest “IDC global network security spending guide, 2021v1”, IDC predicts that the global network security related hardware, software and service investment will reach 143.5 billion US dollars in 2021, an increase of 8.7% compared with 2020. IDC believes that the global government and enterprises pay more attention to network security year by year, and the market development potential is huge. In the period of 2019-2024, the global network security related expenditure will achieve a CAGR (compound annual growth rate) of 9.41%, which is expected to reach US $189.2 billion in 2024.

In recent five years, China’s network security market has also achieved rapid growth driven by digital transformation, national policies and regulations, market demand and other factors. IDC predicts that the total expenditure of China’s network security market will reach US $10.22 billion in 2021, and the CAGR (compound annual growth rate) will be 16.8% in 2020-2024, which will continue to lead the global network security market. By 2024, China’s network security market will grow to 17.27 billion US dollars. In 2020, security hardware will continue to dominate China’s overall network security spending, accounting for 47.2%; security software and security services will account for 20.8% and 32.0% respectively. In terms of industry, government, communication and finance will still be the top three spending industries in China’s network security market, which is consistent with the past, accounting for about 50% of China’s overall network security market.

Looking back in 2020, although COVID-19 has had some negative effects on the overall network security market, with the control and improvement of COVID-19 in China, the industries in the second half of the year have been rapidly revival, and the network security market has officially entered the recovery growth period in the second half of the year, which has made important contributions to the development of the network security market in the whole year.

Hardware market

After decades of development, China’s network security hardware market has been relatively mature. Unified Threat Management Products (including Unified Threat Management and firewall products based on Unified Threat Management Platform) are still the largest network security hardware sub market, accounting for more than 60% of the total. In addition, under the epidemic situation, new opportunities such as telecommuting and distance education also promote the rapid development of secure content management and virtual private network market in 2020.

Software market

With the further acceleration of the pace of government and enterprise cloud, cloud security needs emerge, and the construction of cloud security capability becomes more and more important for end users. In addition, the development of emerging technologies such as big data, artificial intelligence and Internet of things is also constantly promoting and enabling the development of network security software industry. Overall, in 2020, the market of security software gateway, identity authentication and management, security analysis, intelligence, response and choreography on the cloud has achieved rapid growth, with a growth rate of more than 20%.

service market

At present, with the continuous improvement of government enterprise customers and people’s network security awareness, more and more end-users will focus on the direction of active defense and attack and defense. In this context, network security services provided by professional network security personnel become crucial. In 2020, security consulting service is still one of the largest security service sub markets, and managed security service is also developing steadily at a high growth rate under the background of increasing demand for security operation.

Wang Yiting, an analyst of IDC China’s network security market, believes that under the “14th five year plan”, the network security market will develop rapidly in the next five years following the direction of the country’s overall scientific and technological progress. It is worth noting that with the rapid development of the network security industry in the past decade, the basic security construction of end users has gone through the primary stage. In the future, on the basis of compliance requirements, how to build an active network security defense system with end users and jointly maintain the security of cyberspace will become an important development direction of the network security industry. Network security products and service providers also need to improve their product and service capabilities above the needs of users, so as to truly implement the network security capabilities. ” IDC: the global network security market will grow at an average rate of 9% per year by 2020 IDC: the total expenditure of China’s network security market is expected to reach US $8.75 billion by 2020 IDC: enterprises will spend US $101.6 billion on network security by 2020 IDC: the probability of using pirated software to be infected with malicious software is as high as 33% IDC: the overall revenue of China’s IT security hardware market in the third quarter of 2020 IDC: China’s enterprise class mobile security software market is 930 million US dollars in 2013 IDC: the market size of China’s hardware WAF will reach 116 million US dollars in 2019, with a year-on-year growth of 18% IDC: global IT security related hardware, software and services spending will reach 103.1 billion US dollars in 2019 IDC: the overall revenue of China’s IT security service market in the first half of 2020 will be about 572 million US dollars IDC: global network security spending is expected to reach $106.63 billion in 2019 IDC: China’s IT security market will reach $1.83 billion in 2013 IDC: China’s firewall market will reach $1.068 billion in 2018 IDC: in the first half of 2019, the overall revenue of Chinese IT security software market manufacturers will reach US $482 million IDC: it is predicted that the global investment in network security related hardware, software and services will reach US $106.63 billion IDC: in 2018, the overall revenue of Chinese IT security software market manufacturers will reach US $949 million

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