Country for PR: China
Contributor: Xinhua News Agency
Friday, June 25 2021 - 16:20
AsiaNet
Industry Leaders QI-ANXIN, Huawei and Tencent Included in the Latest List of CCIA Top 50
BEIJING, June 25, 2021 /Xinhua-AsiaNet/--

On June 16, 2021, China Cybersecurity Industry Alliance (CCIA) released "2021 
China Cyber Security Market Competitiveness Report", and announced "2021 
China's Top 50 Competitive Enterprises in Cyber Security Industry" (CCIA Top 
50), "2021 China's Rising Stars in Cyber Security Industry" (CCIA Rising 
Stars), and "2021 China's Most Promising Stars in Cyber Security Industry". 
QI-ANXIN ranks first on the list of CCIA Top 50, and well-known enterprises 
such as Sangfor, Venustech, Huawei and Tencent are also on the list.

CCIA releases key data of cyber security industry in 2020

In March, 2021, CCIA launched a public survey for domestic enterprises with 
sales revenue of cyber security products, services and solutions, and collected 
valid data from nearly 200 companies, which basically covered major domestic 
cyber security enterprises. According to the survey report, the scale of 
China's cyber security market was about RMB 53.2 billion in 2020, with a 
year-on-year growth rate of 11.3%, showing slower growth due to the Covid-19 
pandemic.

In 2021, with the promulgation and implementation of laws and regulations such 
as Data Security Law of the People's Republic of China, Personal Information 
Protection Law and Regulations on Security Protection of Critical Information 
Infrastructure, the importance of cyber security has become increasingly 
prominent and the market scale will continue to expand. In the first half of 
2021 alone, a total of 4,751 companies were engaging in cyber security business 
in China, an increase of 23.1% compared with the same period of last year.

It is worth noting that "CCIA Top 50", the most important part of the report, 
was released, the purpose of which is to provide the competent authorities, 
investment institutions, users, enterprises and practitioners in the cyber 
security industry with a global overview of the development status and 
industrial structure of the Top 50 competitive network security enterprises, 
and offer multi-dimensional information with strong reference value for 
relevant policy making, investment decision-making, project procurement, 
strategic planning, and understanding of the industry and market.

QI-ANXIN ranks first on the list of CCIA Top 50

With its leading technology and outstanding market performance, QI-ANXIN stands 
at the first place in "CCIA Top 50" and is highly recognized in the cyber 
security industry. The 2021 CCIA Top 50 companies are selected mainly by 
measuring the comprehensive ability of enterprises from two dimensions: 
"resource strength" and "competitiveness". The indicators of "resource 
strength" are: whether a company is publically listed, the company's total 
operating income, appraised market value, HR scale and quality. The indicators 
of "competitiveness" are: brand influence, security business revenue and gross 
profit, security business growth rate, net profit rate, revenue composition, 
staff composition, the quantity and level of service-related qualifications, 
the quantity and level of product-related qualifications, R&D investment and 
its proportion in total business revenue, etc.

According to the market share of major enterprises in China's cyber security 
industry in 2020, QI-ANXIN ranks first in the industry with security business 
revenue of RMB 4.16 billion. Adhering to its "Strong R&D" strategy, QI-ANXIN 
has built a strong product matrix, eight cyber security R&D platforms, and 
developed into a new-generation cyber security leader.

Source: China Cybersecurity Industry Alliance (CCIA)

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