Investment summary: the market scale of cloud computing Dongfeng will exceed 40 billion in 2025. Cloud Security:
Cloud security is the upgrading of the traditional information security industry and the enrichment of products. It is a new concept incubated by the mutual empowerment of cloud computing and information security.
The rapid development of cloud computing is expected to exceed 500 billion in 24 years. In 2020, China’s cloud computing market reached 178.18 billion yuan, with a growth rate of 33.6%. We believe that 2021 is the first year for China to enter the 14th five year plan. With the rapid development of digital economy, cloud computing will continue to maintain rapid growth. It is expected to reach 541.7 billion yuan in 2024, with a compound annual growth rate of 32%.
The cloud security market is growing rapidly, exceeding 40 billion in 2025. Over the past four years, cloud security has developed rapidly, with an annual growth rate of more than 40%. In 2021, the scale of cloud security market reached 11.7 billion, with a growth rate of 46%. With the development of the Chinese market, we believe that cloud security will still maintain rapid growth in the future, exceeding 40 billion in 2025.
Network security: for the network security risks of “cloud generation”, enterprises should choose cloud security tools to deal with. In the traditional network era, DDoS is the main choice for hackers to carry out network attacks. With the popularity of cloud computing, the cloud platform can become the object of attack and also be used as a tool to expand the effect of network attacks. The traditional anti-D method is limited by resource performance and is difficult to resolve sudden large traffic attacks, so it can only be dealt with by choosing security tools on the cloud.
Data security: in the context of industrial Internet, data is an important productivity. With the development of cloud computing and the deepening of the industry, data security is becoming more and more important. In particular, the risk of data leakage accounts for more than 50%. Data security mainly occurs in the storage and use stage. In the era of big data, it needs to be matched with a variety of data security tools to effectively reduce data security risks.
Business and Application Security: business security is deeply integrated with the industry and needs to be managed with multiple tools. Business and application security is mainly used to solve the logic vulnerabilities in some business scenarios of the enterprise, which are more closely coupled with business requirements. Therefore, effective business security products need to be based on an in-depth understanding of business scenarios and managed in combination with other tools, such as artificial intelligence, big data, etc.
Identity security: user life cycle control, local, cloud and multi cloud security collaboration. Through the unified identity management covering all links of the user’s identity life cycle, idaas products support the unified authentication capability of multiple authentication protocols, and help enterprises manage and collaborate multiple identities locally, in the cloud and among multiple clouds, with security and efficiency at the same time.
Market review:
The performance of the computer industry is relatively weak this week. The market showed structural differentiation as a whole this week, with the decline of the computer section of – 5.95%, ranking 23 / 31 in the shenwanyi industry.
The top ten stocks in the computer industry rose and fell. This week, the top ten computer stocks rose and fell widely, and the performance of hardware (Security) equipment was better.
The top ten gains in the computer sector mainly focus on intelligent security and network security. The top ten stocks in the computer sector this week include smart security, network security, energy it, finance and taxation informatization, etc.
Investment strategy:
We believe that with the deepening of cloud computing industry and related benefits, we will:
National network security team: Qi An Xin Technology Group Inc(688561) , Nsfocus Technologies Group Co.Ltd(300369) , Westone Information Industry Inc(002268) ; Comprehensive network security enterprises: Sangfor Technologies Inc(300454) , Dbappsecurity Co.Ltd(688023) ; Market segment head: Zhongfu Information Inc(300659) , Xiamen Meiya Pico Information Co.Ltd(300188) .
Risk tip: the promotion of network security policy is less than expected, the technical maturity is less than expected, the system construction cost is more than expected, and the application scenario is less than expected.
