Internet superimposed on the digital economy to pull the global demand for information security

The rapid development of global Internet technology and the popularization of its application has brought about a continuous increase in the Internet penetration rate. According to the data published by the World Bank, the global Internet penetration rate in 2019 was 56.73%, and according to the data measured by Internet World Statistics, the global Internet penetration rate in 2021 reached 65.0%, an increase of 40.11 percentage points compared with the penetration rate in 2009. As of the first quarter of 2022, the global Internet penetration rate reached 66.0%.

According to the "Global Digital Economy White Paper - New Dawn of Recovery under the Impact of Epidemic" released by the China Academy of Information and Communications Technology, in 2020, the size of the value added of the digital economy in the 47 countries measured reached 32.6 trillion U.S. dollars, with a nominal year-on-year growth of 3.0%, accounting for 43.7% of GDP. With the vigorous rise of new technologies such as cloud computing, artificial intelligence, big data and the Internet of Things, the global digital economy has entered a stage of rapid development. Foresight based on the global digital economy development trend initially estimated that the global digital economy scale in 2021 for 3.39 billion U.S. dollars.

In terms of specific market demand, with the increase in Internet penetration and the acceleration of the layout process related to the digital economy in various countries, the global demand for information security is expanding, and the sales scale of major enterprises is also on a growth trend. Data show that during the period of 2017-2021, the overall operating income of representative enterprises in the global information security industry are all on an increasing trend (McAfee completed privatization in 2021, operating income has declined). In recent years, as the cybersecurity situation has become increasingly severe and complex, the world's attention to cybersecurity has also increased to an unprecedented degree, and cybersecurity regulatory policies have been tightened; at the same time, thanks to the surge in Internet traffic under the new crown epidemic, the demand for cloud-based security tools and security services is strong, and strong demand for the information security market has been demonstrated globally.

Global information security market size exceeded 150 billion U.S. dollars, the future or maintain a 10.8% growth rate

Gartner data show that the global information security market size of about 130 billion U.S. dollars in 2020, by the new crown epidemic global spread and other conforming factors, the overall growth rate is lower than the 2019 The same period level. 2021 with the worldwide epidemic is effectively controlled, superimposed on the market's long-term demand for telecommuting technology and cloud security, Gartner data show that the global information security industry in 2021 is more than 150 billion U.S. dollars.

In the future, as countries around the world to strengthen internal behavioral monitoring and prevention, information security industry supply from a single product to the overall solution development, the relevant market size will be further expanded.Gartner data show that the global information security services market size is expected to grow at a compound annual growth rate of 10.8% during 2020-2025, it is expected that by 2027, the global information security services market size may exceed 280 billion U.S. dollars by 2027.

-- For more research and analysis of this industry, please refer to In-depth Research and Investment Strategy Planning Analysis Report on China's Information Security Industry