Published on : Jun 08, 2016
ALBANY, New York, June 08, 2016: A new report, titled ‘Development of Chinas Information Security Industry and Market,’ featured on ResearchMoz.us states that the shipment value of the China market stood at 40.5 bn RMB in 2015 and is expected to reach 92.0 bn RMB by 2018. The shipment value of the China information security industry is expected to expand at a 31.90% CAGR during the period between 2016 and 2018. Factors such as the constant rise in investments and the increasing government support are expected to propel the China information security industry in the years to come.
Information security, termed as InfoSec, primarily is the practice to protect valuable information from any unauthorized use, access, modification, inspection, destruction, recording, or disclosure. Information security practices ensure that valuable information is not lost or misused. Data loss can be due to physical theft, natural disasters, computer malfunction, and other issues. As most of the organizations store their business data on computers, IT security specialists are entrusted with the task of taking care of the security of information. Maintaining an off-site backup of business data is one way to assure that information is secured for the future.
IT companies, governments, corporations, hospitals, military, financial institutions, and other industries deal with the high amount of confidential information on a daily basis. Storing information about customers, employees, company procedures, business requirements, projects, and strategies is a must for industries. A key concern for all organizations is to invest in the right kind of information security services. The information security field has evolved significantly over the past decade, offering efficient services to both businesses and industries.
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The 21st century has seen advancements in telecommunication, data encryption, and computing hardware and software. The easy availability of powerful and affordable computing equipment has made it possible for small businesses to avail electronic data processing services. The widespread use of and the rapid growth of electrical information processing through the internet, coupled with the increasing prevalence of international terrorism, has increased the demand for enhanced data security services for the data stored on computers.
China, just like in many other industrial sectors, is ahead in information security services and solutions. Leading players in the China information security industry are known for providing customized solutions. Over the past few years, the China information security industry has been performing exceptionally well. Going forward, the information security market in China is expected to benefit from the rising investments and the technological advancements.
With the increasing number of companies offering data security services, the China information security industry is expected to become more competitive in the years to come. Over the past decade, information security services have become efficient in China.
While there were limited data security service providers back then, today hundreds of players have developed in China. With new products, services, and applications of information security, leading players in the China information security industry aim to maintain their dominance in the years to come.
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