TECH BUYER Jan 2022 - IDC Innovators - Doc # CHE48054021
IDC Innovators: China Network Security Services, 2021
IDC Innovators are emerging vendors with revenue US$100M that have demonstrated either a groundbreaking business model or an innovative new technology ― or both. In this IDC Innovators, IDC researched on the network security services of China companies Beijing Excellent Network Security Technology Corp. Ltd. (ENST), Elex Cybersecurity Inc. (ELEX), Shanghai Guan'an Information Technology Co. Ltd. (IDSS), and Xi'an Cloversec Information & Technology Co. Ltd. (Seclover).
"In recent years, driven by policies, market situations, and threat landscape, China's network security services market has boomed. In addition to integrated network security vendors, many managed security service providers and dedicated security service providers have ushered in a period of market growth. During this period, attack and defense services, range services, evaluation and testing services, and managed services have become the drivers of growth of main sectors. Skills sets are critical for start-ups in the service field. Meanwhile, in order to build the ecosystem facilitating their long-term growth, start-ups should partner with integrated security vendors, systems integrators, and internet companies," said Sophia Wang, an analyst of IDC China for IT security market research.