Shulou(Shulou.com)11/24 Report--

CTOnews.com, October 17, IDC's "China IT Security Software Market tracking report for the first half of 2022" shows that the overall revenue of China's IT security software market in the first half of 2022 was $1.51 billion (about 9.79 billion yuan), an increase of 13.1% over the same period in 2021.

The IT security software market defined by IDC consists of seven functional markets / sub-markets: software security gateways, identity and digital trust, terminal security software, security analysis and intelligence, response and orchestration software, information and data security and others. The performance of key vendors in each major functional market / sub-market in the first half of 2022 is as follows (all data are rounded):

The report said that a series of repeated effects of the epidemic led to the lower-than-expected performance of China's IT security software market in the first half of 2022. Overall:

Due to the adverse effects of repeated epidemic situations in many areas of the country, the overall growth rate of China's IT security software market decreased significantly in the first half of 2022. Among them, the software security gateway has become the fastest growing functional market driven by the overall steady development of the cloud computing market (including public cloud and private cloud).

The fragmentation of the information and data security market is remarkable, and many security manufacturers have increased their investment in this field. Driven by compliance requirements such as the data Security Law and the personal Information Protection Law, enterprise customers need to continue to make up for the lack of data security protection system. As a result, the market still performed well in the first half of the year, and there is huge room for market growth in the future.

Government, health care, education and other industries are affected by budget compression, project delays and other factors, IT security software investment significantly slowed down or even decreased. At the same time, financial, operators, public utilities (electric power, water power, etc.), energy and other key information infrastructure industries are relatively stable, driving the overall IT security software market for good development.

CTOnews.com learned that from a provincial and municipal point of view, North, East and South China still occupy the dominant position of IT security software investment, but economically developed provinces and cities such as Shanghai, Beijing, and Guangdong and their associated areas are affected by the epidemic, and many projects are unable to communicate, deliver and refund smoothly, resulting in a certain restraint in the overall growth rate of the IT security software market in these areas.

IDC China Cyber Security Market Research said that the positive development of cloud security and data security helped China's IT security software market grow by 13.1% in the first half of 2022, but security investment in different industries and regions showed increasingly obvious differences under the long-term impact of the epidemic. In the second half of the year, under the complex market environment, security manufacturers need to reduce costs and increase efficiency on the one hand to ensure the healthy and stable operation of enterprises; on the other hand, they need to flexibly adjust the delivery model of products and services to improve project enforceability and settlement efficiency, and pay more attention to industries with sufficient funds to save strength for the rapid development of business throughout the year. IDC believes that the future market demand is still strong, and China's IT security software market still has broad room for growth.

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