Market Insights Technology Cybersecurity Cyber Solutions

Cloud Security - China

China

The Cloud Security market in China is expected to witness substantial growth in the coming years.
According to projections, the revenue in this market is projected to reach €153.50m in 2024.
Furthermore, there is an anticipated annual growth rate (CAGR 2024-2029) of 27.58%, which would result in a market volume of €518.80m by 2029.
In terms of spending, the average Spend per Employee in the Cloud Security market is expected to reach €0.20 in 2024.
This indicates the level of investment companies are willing to make in order to secure their cloud infrastructure.
When considering global comparisons, it is noteworthy that United States is projected to generate the highest revenue in the Cloud Security market.
In 2024, the revenue United States is estimated to be €797.7m.
This highlights the dominance of the US market in this segment.
Overall, these figures demonstrate the immense potential and growth opportunities that lie ahead for the Cloud Security market in China.
With increasing digitalization and the need for robust security measures, the demand for cloud security solutions is expected to rise significantly in the coming years.
China's increased focus on data sovereignty is driving the demand for domestically developed and operated cloud security solutions.

Key regions: Canada, Chile, Brazil, Spain, Germany

Mercado

Región

Comparación de regiones

Moneda

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.