China Managed Security Services Market Research Report, 2029

Over the past ten years, China's managed security services industry has grown significantly, mostly due to growing organisation awareness of the necessity for strong security measures and the complexity of cyber threats. By providing a variety of services, such as threat monitoring, incident response, and compliance management, managed security service providers (MSSPs) enable companies to contract out their cybersecurity requirements to specialised companies. In China, where cloud computing adoption and fast digital transformation have increased demand for sophisticated security solutions, this trend is especially noticeable. The managed security services market in China is characterised by a wide range of suppliers, from regional businesses to global behemoths. The market is driven by many factors, such as the increasing complexity of cyberattacks, the proliferation of connected devices, and strict regulatory requirements. Furthermore, the market's expansion has been supported by the Chinese government's emphasis on cybersecurity through a number of laws and initiatives. Companies across a variety of industries, such as retail, healthcare, and finance, are depending more and more on MSSPs to protect their data and guarantee business continuity. There are a variety of local and foreign companies in China's managed security service industry, and each one offers special skills and advantages. Well-known local businesses include 360 Enterprise Security Group, which is renowned for its superior threat intelligence and incident response services, and Huawei, which provides complete security solutions through its cloud services. Venustech is a noteworthy provider that offers an extensive array of cybersecurity services customised to meet the requirements of Chinese businesses. International businesses with a significant presence in the Chinese industry include Cisco, IBM, and Symantec (now a part of Broadcom). These companies use their cutting-edge technology and worldwide experience to tackle the intricate security issues that Chinese companies confront. International and local businesses frequently collaborate and combine to improve service offerings and broaden their market reach. According to the research report, "China Managed Security Service Market Research Report, 2029, 2029," published by Actual Market Research, the China Managed Security Service market is anticipated to add to more than USD 2.2 Billion by 2024–29. The increasing use of managed security services by China's small and medium-sized businesses (SMEs) is a noteworthy phenomenon. SMEs are increasingly turning to MSSPs for cost-effective and efficient security solutions since they realise the significance of cybersecurity and frequently lack in-house knowledge in this area. The People's Republic of China's Cybersecurity Law and the Data Security Law, among other legal reforms, have further increased the need for managed security services by forcing organisations to fortify their cybersecurity frameworks.

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The By Service Type section of the managed security services market in China is shaped by distinct legislative frameworks, cybersecurity issues, and technology developments. China's extensive internet infrastructure and vast population of digital natives present serious cybersecurity challenges. Government laws governing cybersecurity and data protection are strict, therefore IPS and IDS solutions are essential for quickly detecting and thwarting attacks. Since state security and vital infrastructure protection are prioritised, these services frequently work in tandem with government-led programmes and closely correspond with national cybersecurity goals. The swift digital revolution in China has resulted in a massive surge of endpoint devices, encompassing everything from personal computers to Internet of Things gadgets. In order to protect against malware, data breaches, and insider threats, endpoint security solutions are essential. Endpoint security guarantees compliance with government requirements surrounding data privacy and integrity in addition to providing protection against external threats in China, where official surveillance is a common occurrence. China is a major target for Distributed Denial of Service (DDoS) attacks due to its large internet population and vital digital infrastructure. These attacks have the potential to cause serious financial losses, interrupt services, and jeopardise data integrity. In order to guarantee continuous online services, managed DDoS mitigation services in China concentrate on the quick identification and mitigation of large-scale assaults. They frequently make use of sophisticated traffic monitoring tools and partner with internet service providers (ISPs). China's managed security services market offers a wide range of products and services that are specifically designed to tackle certain cybersecurity issues, in addition to the standard services like IPS, IDS, and endpoint protection. Advanced analytics and threat intelligence are utilised by threat management solutions to proactively detect and eliminate new threats. Enforcing access control regulations and preventing unauthorised access to networks depend heavily on firewall management services. In addition, in order to comply with Chinese regulations and address concerns about data sovereignty, systems like Secured Information and Event Management (SIEM) are essential for compliance management and security incident response. Large firms in China are well-established businesses with substantial resources and wide-ranging activities. To protect their confidential data and keep their leading position in the market, they place a high priority on strong security solutions. These businesses frequently take the lead in using state-of-the-art managed security services to reduce risks and guarantee compliance. Their emphasis on preventative security measures drives the market expansion for managed security services. Conversely, China's SMBs (small and medium-sized businesses) are known for their adaptability and agility. They have a growing sense of entrepreneurial spirit and look for affordable security solutions that meet their particular requirements. Managed security services catered to SMB needs are growing in popularity as they realise how important it is to outsource security to specialised companies. As SMBs place a high value on dependability and efficiency while safeguarding their digital assets, this market is growing quickly. Renowned cybersecurity experts with a track record of delivering customised solutions to match China's changing threat landscape are at the forefront of the managed security services industry. These industry experts use cutting-edge technology, clever alliances, and regulatory compliance to enable businesses in a range of industries to successfully defend against cyberattacks and protect their digital assets. Security solutions that are remotely managed and provided via cloud infrastructure are referred to as the "cloud" portion of Managed Security Services (MSS) in China. This paradigm is in line with China's fast digital transformation and desire for agile technology, since it offers scalability, flexibility, and frequently reduced upfront costs. Prominent players in this market, such as Tencent Cloud and Alibaba Cloud, use their strong local knowledge and infrastructure to secure cloud environments for companies all around China. Conversely, the On-Premise sector entails the direct implementation of security solutions within the actual architecture of an organisation. Businesses who desire to have control over their security measures and have sensitive data or severe legal requirements would find this strategy appealing. Due to China's drive for cloud adoption and the maturing of cloud security products, this category is still present there, although it is not as dominating as the cloud segment. Local companies like Inspur and Huawei, on the other hand, are strong competitors and provide complete on-premise security solutions designed specifically for Chinese companies. Although China's MSS market has both the On-Premise and Cloud sectors, the Cloud segment is now dominating and expanding at a quick pace because to the nation's efforts towards digitalization and the substantial infrastructure expenditures made by top cloud providers.

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Kripa Shah

Senior Analyst

One of the biggest markets for managed security services (MSS) in China is the BFSI (Banking, Financial Services, and Insurance) industry. Financial services are rapidly digitising, and cyber attacks are becoming more frequent. As a result, BFSI organisations are investing extensively in MSS to protect critical data and guarantee regulatory compliance. With the advent of cloud computing and remote work, the IT/ITES (Information Technology/Information Technology Enabled Services) business in China depends on MSS to safeguard against cyberattacks and data breaches. MSS is given top priority by IT/ITES organisations in order to protect client data and ensure business continuity. MSS is essential to the security of patient data and defence against cyberattacks in China's healthcare industry. Healthcare companies engage in MSS to guarantee data privacy and regulatory compliance as digital health technology and electronic medical records become more widely used. Managed security services are used by China's government sector to protect sensitive government data, vital infrastructure, and national security concerns. MSS aids in strengthening cybersecurity posture and guarding against any breaches in light of the increasingly sophisticated cyberthreats that are directed at government organisations. MSS helps other Chinese businesses, such manufacturing, retail, and energy, reduce cybersecurity risks, and guard against data breaches. The necessity to protect financial activities and adhere to rules has made the BFSI industry in China the largest user of managed security services. Nonetheless, the growing need for MSS to guarantee cybersecurity is being driven by the IT/ITES sector's notable expansion as a result of people's growing reliance on digital technologies and remote work. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Managed Security Services market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Service Type • IPS and IDS • Endpoint security • DDOS • Others(Threat Management, Firewall Management, Secured Information and Event Management and Others ) By Organization Size • Large Enterprise • SMBs By Deployment • Cloud • On Premise By End User • BFSI • IT/ITES • Healthcare • Government • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Managed Security Services industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.