According to IDC's latest data, the total investment in global cybersecurity IT will amount to $244.4 billion in 2024 and is anticipated to soar to $416.2 billion by 2029, marking a robust five-year compound annual growth rate (CAGR) of 11.2%. In China, the cybersecurity market is poised for expansion, expected to rise from $11.2 billion in 2024 to $17.8 billion in 2029, demonstrating a CAGR of 9.7%.
