China Cyber Security Market Size & Outlook, 2023-2030
China cyber security market, 2018-2030 (US$M)
Related Markets
China cyber security market highlights
- The China cyber security market generated a revenue of USD 12,420.7 million in 2023 and is expected to reach USD 27,590.1 million by 2030.
- The China market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Cyber security market data book summary
| Market revenue in 2023 | USD 12,420.7 million |
| Market revenue in 2030 | USD 27,590.1 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
Other key industry trends
- In terms of revenue, China accounted for 5.6% of the global cyber security market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cyber security market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 25,868.0 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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China cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 48.05% in 2023. Horizon Databook has segmented the China cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
China is among the world's largest markets for mobile payments, digital shopping, and Internet-based financial services. The growing adoption of connected technologies and expanding manufacturing, healthcare, and BFSI sectors in the country are the major factors driving the adoption of robust security solutions among Chinese organizations.
In recent years, the country has improved its cybersecurity measures by centralizing and clarifying the coordination of government cyber agencies and continuing to produce relevant cyber legislation. In November 2016, the Cybersecurity Law (CSL) was introduced, and it took effect on 1 June 2017 in China.
The official implementation of the CSL marks the formation of China's new legal framework to increase data localization, data protection, and cybersecurity in the interest of national security. The law allows the collection and use of personal information and gives the country a greater degree of control.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China cyber security market , including forecasts for subscribers. This country databook contains high-level insights into China cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cyber security market size, by component, 2018-2030 (US$M)
China Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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