China Cybersecurity Market Share

Market Share of China Cybersecurity Industry

The Chinese cybersecurity market is fragmented, with the presence of major players like Palo Alto Networks, ThreatBook, IBM Corporation, QI-ANXIN Technology Group Inc., and Beijing Chaitin Future Technology Co. Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage. For instance,

• In April 2024, Palo Alto Networks, one of the global cybersecurity leaders, and Google Cloud announced the expansion of their partnership with a ten-figure, multi-year commitment. Palo Alto Networks named Google Cloud its AI and infrastructure provider of choice. Google Cloud has long considered Palo Alto Networks its preferred next-generation firewall (NGFW) provider and the expanded agreement solidified that relationship. The collaboration also underscores the critical importance of platformization fueled by AI to automate and consolidate multiple solutions and deliver near-real-time security resolutions.
• In October 2023, IBM unveiled the evolution of its managed detection and response service offerings with AI technologies, including automatically escalating or closing up to 85% of alerts and accelerating security response timelines for clients.

China Cyber Security Market Leaders

1. Palo Alto Networks

2. ThreatBook

3. IBM Corporation

4. QI-ANXIN Technology Group Inc.

5. Beijing Chaitin Future Technology Co.,Ltd

*Disclaimer: Major Players sorted in no particular order