According to IDC, the overall revenue of China's security hardware market in Q4 2024 is estimated to be approximately RMB8.04 billion.

As of the end of 2024, the overall market size of China's security hardware reached RMB21.02bn (~$2.92bn), down 6.5% YoY.

The latest "China Security Hardware Market Tracker, 2024Q4" released by International Data Corporation (IDC) showed that the overall revenue of China's security hardware market in 2024Q4 was about RMB8.04bn (~$1.12bn), down 11.9% YoY. As of the end of 2024, the overall market size of China's security hardware reached RMB21.02bn (~$2.92bn), down 6.5% YoY.

IDC believes that the emergence of DeepSeek has raised the ceiling of security technology, promoted incremental market demand, and given birth to new security products such as DeepSeek security appliances and large model application security protection. "AI+security" is the absolute focus of the industry in 2025 and a new direction for the industry to break through.