IDC: The size of the IT security software market in China is expected to reach 28.3 billion yuan in 2024, with a year-on-year growth of 1.8%.

According to the Zhitong Finance APP, a report released by the International Data Corporation (IDC) shows that the size of China's IT security software market in 2024 will be 283.0 billion yuan, a year-on-year growth of 1.8%, indicating that the market is still experiencing slow growth. In terms of market share, cloud service providers' influence in the market has further increased, with companies such as Alibaba (09988.HK), Qihoo 360 (688561.SH), Tencent (00700.HK), AsiaInfo Security (688225.SH), and Huawei as the main players in the market.