IDC: The global cybersecurity market will exceed $400 billion by 2029, with China growing at a rate of 9.7%.

IDC data shows that the total global investment in network security IT will reach 2.44 trillion US dollars by 2024, and is expected to increase to 4.16 trillion US dollars by 2029, with a five-year compound growth rate of 11.2%. IDC predicts that the size of the network security market in China will increase from 11.2 billion US dollars in 2024 to 17.8 billion US dollars in 2029, with a five-year compound growth rate of 9.7%.