ON October 11, 2021, at the “Cybersecurity Industry Development Forum” of the 2021 National Cybersecurity Publicity Week, Yang Jianjun, Secretary-General of the China Cybersecurity Industry Alliance, Secretary of the Party Committee and Vice President of the China Electronics Standardization Institute, released and explained ” 2021 China Cybersecurity Industry Analysis Report (hereinafter referred to as the “Report”).
The “Report” combines the latest developments in the development of my country’s network security industry, and based on data, through a visual Display of network security laws and regulations, market conditions, competition patterns, hot trends and capital markets, and comprehensively analyzes the development of my country’s network security industry Outlook was made. The “Report” aims to objectively, truly and accurately reflect the current status of my country’s cybersecurity industry, analyze future development trends, and hope to provide an effective reference for industry-related practitioners.
The “Report” is jointly organized by the China Cyber Security Industry Alliance (CCIA) and Shuo Shuo Security, and the research and analysis work will start in March 2021. The “Report” is based on public information and valid research data submitted by more than 200 cybersecurity companies. With an attitude of respect for facts and a scientific methodology, the data collection, collation, analysis and research work are objectively and neutrally carried out.
core discovery
In 2020, the size of my country’s network security market is about 53.2 billion yuan. Due to the impact of the epidemic, the growth rate of the network security market size in 2020 will slow down, with a year-on-year growth rate of 11.3%. The release and implementation of the “Data Security Law” will further stimulate the market demand for data security; the release of key policies such as the “Personal Information Protection Law” and the “Regulations on the Security Protection of Critical Information Infrastructure” will lead to new demands and will form a considerable incremental market. It is expected to maintain a growth rate of 15%+ in the next three years, and the market size is expected to exceed 80 billion yuan by 2023.
Customers in my country’s cybersecurity industry are mainly concentrated in economically developed regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta and Sichuan-Chongqing. The growth rate of the number of customers in the past two years has also maintained a good growth rate of more than 40%. In 2020, the top 10 provinces in my country’s cybersecurity industry have gathered 61% of their customers. Among them, Zhejiang and Sichuan have a large number of customers and have a high growth rate, while some provinces with a small number of customers, such as Jiangxi, Yunnan, and Guizhou, gradually strengthen their networks. Safe construction, the number of customers has grown rapidly.
In 2020, my country’s network security customers are mainly concentrated in the government, education, medical and health, public security, judicial, and energy and chemical industries. The number of customers in these five industries accounts for 84% of the share, of which the government industry has the largest number of customers, accounting for 43%. share. Judging from the growth rate of the number of customers, the number of customers in the healthcare, education, government and financial industries still maintained a high growth rate.
In 2020, there were a total of 73 investment and financing events in the cybersecurity industry. The number of investment projects in the industry decreased slightly compared with the previous year, but the industry financing amount reached 11.607 billion yuan, a year-on-year increase of 51.5% compared to 2019. The large amount of IPO funds raised by Qi Anxin and Jida Zhengyuan is the main reason for the high growth rate of the industry’s financing amount. By sorting out the investment and financing events, we found that the investment preference in the primary market has changed significantly in the past two years. With the acceleration of the registration system reform, the speed of listing of medium-sized cybersecurity companies has accelerated, and they have won the favor of capital, while it is difficult for start-ups to raise funds. increase. Among them, in the past 10 years, data security and industrial control security have been the main hot entrepreneurial fields in the domestic network security market.