China’s IT security hardware market with Huawei growing 14.5% every year

After the major breakdown from COVID-19, the world trying to recover economically, physically, and mentally. Over which the China’s economy persists to recover year or year as per the report by Q1 2022.

The China IT security hardware market with Huawei is growing by 14. 5 percent every year which is comparably higher than other industrial commerce, as declared by the global tech research institute IDC.

Notably, the graph of China’s IT security hardware market in Q1 2022 is approx 540 million US dollars which is about 3.42 billion Yuan. Meanwhile, the network security hardware market defined by IDC includes:

• UTM (Unified Threat Management)
• UTM platform-based firewall (UTM firewall)
• SCM (security content management)
• IDP (intrusion detection and prevention)
• VPN (a virtual private network)
• Existing firewall (existing firewall)

Whereas, Huawei, H3C, Tianrongxin, DPtech, and NSFOCUS are the major manufacturers’ market share rankings in the Chinese cyber security hardware market for theQ1 of 2022.

Wang Yating, an IDC China Network Security Market Analyst, stated that the across-the-board performance of the hardware market in theQ1 of 2022 was fairly stable. However, problems such as COVID pandemic uncertainty, chip supply, and rising hardware costs still remain. Notably, it gives a better-expected performance that points to the country’s strong growth.

(Via)