In 2024, the market size of China's Cloud WAF (public cloud + private cloud) is 2.55 billion yuan, achieving a year-on-year growth of 5.9% compared to 2023.
According to IDC data, the scale of China's WAF hardware market in 2024 is expected to be 1.38 billion yuan, reflecting a year-on-year growth of 1.9% compared to 2023. In terms of market share, the main players in this market include NSFOCUS Technologies Group (300369.SZ), Changting Technology, Hangzhou Dbappsecurity Co., Ltd. (688023.SH), Venustech Group Inc. (002439.SZ), and Shengbang Security (688651.SH).
Please see the details in the image below:
The scale of China's cloud WAF (public cloud + private cloud) market in 2024 is expected to reach 2.55 billion yuan, achieving a year-on-year growth of 5.9% compared to 2023. The main players in this market include Alibaba Cloud, Huawei Cloud, CHINA TELECOM (00728), Tencent Cloud, and CHINA MOBILE (00941). Please see the details in the image below:
Due to the significant differences in the main players of network security in the public and private cloud environments in China, this report further segments the market scale and main vendors of cloud WAF for both public and private cloud environments. The specific situation is shown in the image below:
