The China Cybersecurity Market size is estimated at USD 22.79 billion in 2024, and is expected to reach USD 59.32 billion by 2029, growing at a CAGR of 21.09% during the forecast period (2024-2029).
China's cybersecurity market has been rapidly growing with the country's increasing digitization and the corresponding rise in cyber threats. The Chinese government has been actively enhancing its cybersecurity measures to protect critical infrastructure, sensitive data, and businesses against cyber attacks.
The Chinese cybersecurity market is fragmented, with the presence of major players like Palo Alto Networks, ThreatBook, IBM Corporation, QI-ANXIN Technology Group Inc., and Beijing Chaitin Future Technology Co. Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage. For instance,
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