IT security in China expected to thrive towards 2019

Technavio, the tech-focused global research firm, has IT Security Market in China 2015-2019, which predicts that the market will grow at a CAGR of 11.39% from 2014 to 2019. 

Source: Technavio.

The adoption of IT security products among enterprises in China is high, and the introduction of cloud-based security solutions is expected to generate interest as they are relatively cost-effective. The increased use of mobile devices for personal and professional purposes is also contributing to the market growth. Other market drivers include a high dependence on the Internet, an increase in advanced threats, compliance requirements, as well as a drive towards operational efficiency. Technavio also expects SMEs to buy more solutions.

  

Major vendors mentioned in the report include CA Technologies, Check Point Software Technologies, Cisco Systems, Emc², IBM, Juniper Networks and Symantec.