Event:
On March 7, 2022, the Ministry of industry and information technology issued the guidelines for the construction of Internet of vehicles network security and data security standard system to guide the development of relevant standards of Internet of vehicles, with a view to accelerating the establishment and improvement of Internet of vehicles network security and data security guarantee system and providing support for the safe and healthy development of Internet of vehicles industry.
Comments:
The guidelines for the construction of Internet of vehicles network security and data security standard system (hereinafter referred to as the “guidelines”) is the specific implementation extension of many laws and regulations in the field of Internet of vehicles, such as the network security law, the data security law and the regulations on the security protection of key information infrastructure, which will provide support for the safe and healthy development of the Internet of vehicles industry.
As far as the content of the guide is concerned, the guide divides the Internet of vehicles network security and data security standard system into 6 parts, a total of 20 standards, covering almost all sub tracks in the field of network security, of which the key security fields include digital certificate, password application, Internet of things security, communication security, identity authentication, data security, etc.
As far as the implementation progress of the guide is concerned, the guide proposes to preliminarily establish the network security and data security standard system of the Internet of vehicles by the end of 2023; By 2025, a relatively complete network security and data security standard system for Internet of vehicles will be formed.
In terms of the industry significance of the guide, before the release of the guide, relevant departments had launched a number of regulations and standards related to the Internet of vehicles and vehicle data security. This guide further proposed to “accelerate the establishment and improvement of the Internet of vehicles network security and data security guarantee system”, showing the priority of promoting Internet of vehicles security in the construction of the Internet of vehicles industry, We believe that the release of the guide is conducive to accelerating the safe implementation of the Internet of vehicles. At the same time, considering that the security protection foundation of vehicle end, road end and network end is relatively weak at this stage, we believe that the vehicle networking security market is a pure incremental market. According to the prediction of China Automobile Association, China’s automobile sales may reach 30 million in 2025. Considering that 30% of them are intelligent connected vehicles, the sales volume of new intelligent connected vehicles will be about 9 million. At the same time, considering the safety protection investment at vehicle end, road end and network end, The resulting market space is worth looking forward to (according to our rough calculation, only the annual incremental market of vehicle end is at the level of several billion yuan).
From the perspective of network security industry, we believe that with the implementation of emerging security fields such as data security and Internet of vehicles security, downstream customers of the security industry show a diversified trend (from traditional governments, large central enterprises, institutions and financial institutions to automobile, Internet, transportation and other industries), which is conducive to easing and stabilizing the budget constraints of downstream customers, Moreover, the newly generated security demand is expected to contribute to additional market increment and further improve the prosperity of the industry.
Subject matter of investment and suggestions:
Network security: Sangfor Technologies Inc(300454) , Dbappsecurity Co.Ltd(688023) , Venustech Group Inc(002439) , Nsfocus Technologies Group Co.Ltd(300369) , Qi An Xin Technology Group Inc(688561) , Topsec Technologies Group Inc(002212) (recommended concern), Beijing Abt Networks Co.Ltd(688168) (recommended concern), CICA security (recommended concern)
Password: Beijing Infosec Technologies Co.Ltd(688201) , Koal Software Co.Ltd(603232) , Westone Information Industry Inc(002268) (recommended concern), Zhongfu Information Inc(300659) (recommended concern), Beijing Certificate Authority Co.Ltd(300579) (recommended concern), Jilin University Zhengyuan Information Technologies Co.Ltd(003029) (recommended concern)
Risk tip: the implementation of the guide is not as expected, the macro-economy is depressed, major changes have taken place in sector policies, industry competition has intensified, and the prediction of the market scale of the Internet of vehicles includes subjective assumptions
