The Market of China Network Security Reaching RMB 100 Billions

Due to 5G commercial application speeds up in China, the market of network security reaches 100 billion yuan.

China’s network security industry will grow at a compound annual growth rate of more than 25%. By 2021, the market size will exceed 100 billion yuan. With the advent of the era of big data and artificial intelligence, the network security industry has become a huge slogan.

In June of this year, the Ministry of Industry and Information Technology of China issued 5G commercial licenses to the four major operators, marking the official entry of China into the 5G commercial era. The arrival of 5G will open up the trillion-level market space and become a new key infrastructure for the Internet of Everything, involving industrial Internet of Things, smart cities, finance, medical care, transportation and other scenes that are closely related to the people.

However, with the promotion and application of 5G technology, the security issues that follow are particularly prominent. In addition, 5G networks emphasize cloudization, network function virtualization and software definition functions are more focused on vertical applications in the industry, which puts higher requirements for encrypted transmission and trustworthy authentication.

According to Apple Capital’s forecast, China’s cybersecurity market will reach 150 billion yuan by 2022. At present, the scale of domestic network security investment is about several billion. The scale of global network security investment may be several times that of China, and the Chinese market has a lot of room for growth.

With the advent of the era of big data and artificial intelligence, the network security industry has become a huge slogan. The current network security environment and needs have undergone earth-shaking changes. The continuous deepening of new technologies has prompted us to inherit the technological achievements of the Internet era and further innovate and develop new technologies such as cloud technology, big data, and artificial intelligence.