Internal and external factors such as policies, enterprises, and capital promote the development of cybersecurity. According to statistics, the scale of the global cybersecurity industry reached US$134.86 billion in 2020. Affected by the epidemic, the growth rate of the global cybersecurity market has declined, with a market size of US$148.331 billion in 2021, a year-on-year increase of 9.84%, and it is expected that the global cybersecurity expenditure will reach US$223.8 billion by 2023, a year-on-year increase of 33.55%.
The market size and growth rate of the global cybersecurity industry from 2020 to 2023
Source: Public information, compiled by Huajing Industry Research Institute
With the gradual advancement of mainland cybersecurity policies and regulations, the increasing improvement of the industrial ecology and the deepening evolution of security needs, the development of the mainland cybersecurity industry has entered the fast lane. According to statistics, the scale of the mainland cybersecurity industry reached 57.066 billion yuan in 2020, and is expected to be 79.712 billion yuan in 2022, a year-on-year increase of 18.05%, and is expected to reach 94.116 billion yuan in 2023, a year-on-year increase of 18.07%.
The market size and growth rate of China's cybersecurity industry from 2020 to 2023
Source: Public information, compiled by Huajing Industry Research Institute
As an important cornerstone of the network trust system, cryptography covers three scenarios: data encryption, identity authentication, and message authentication. According to statistics, the scale of China's commercial cryptographic market reached 51.979 billion yuan in 2021, a year-on-year increase of 11.5%, and is expected to reach 98.585 billion yuan in 2023, a year-on-year increase of 39.32%
The size and growth rate of China's commercial cryptography market from 2020 to 2023
Source: Public information, compiled by Huajing Industry Research Institute
According to statistics, there are more than 3,000 commercial cryptographic products in mainland China, covering the entire industrial chain of cryptographic chips, cryptographic cards, cryptographic machines, cryptographic systems, etc., and a complete commercial cryptographic product system has been formed. Among them, cryptographic hardware accounted for the largest proportion, with 74.5% in 2021, followed by cryptographic services, accounting for 18.9%, and cryptographic software accounting for 6.6%.
Market structure of China's commercial cryptography industry in 2021
Source: Public information, compiled by Huajing Industry Research Institute
This article is excerpted from the "Analysis of the Development Status and Trend of China's Cryptography Security Industry in 2022 released by Huajing Industry Research Institute, with the standardization of policies and market requirements, the trend of industry localization has been further strengthened "Figure"".