China aims to grow local infosec industry by 30 percent a year, to $22 billion by 2025
China's government has declared the nation's information security industry needs to grow – fast.
A document with the catchy title of "Guiding Opinions of Sixteen Departments Including the Ministry of Industry and Information Technology on Promoting the Development of the Data Security Industry" was issued last week, setting out an ambitious program to scale the industry at 30 percent compound annual growth rate, so it reaches ¥15 billion ($22B) of annual revenue by 2025.
To get there, China will build five security labs, between three and five national data security industrial parks, ten advanced demonstration areas for innovative applications, and "cultivate a number of leading and backbone enterprises with international competitiveness, individual champion enterprises and specialized, special and new little giant' enterprises."
The plan also calls for the development of more infosec products, and improvements to the security of existing offerings. China wants AI and blockchain to be applied when suitable. A national data security testing and evaluation system will inform this work. Beijing hopes to satisfy domestic demand and to create products with potential to attract global buyers.
