Symantec off the list for all PSB offices nationwide
By Gao Yuan (China Daily) Updated: 2014-07-04 08:43The technology gap between US security companies and their Chinese counterparts is about three years in the DLP sector, Wang said.
 |
Working with local hardware makers helped it to secure business in China, analysts said.
Symantec leads the Chinese enterprise security market with an approximately one-fourth share, according to IDC. Beijing Rising Information Technology Co Ltd, the largest local security provider, has roughly 8 percent of the market.
The recent development will hurt Symantec's China business in the long term as continuous government support gradually offsets overseas companies' technology advantage, sources said.
"The government's move of ousting overseas software will help local companies to gain market share," said Zhang Yumu, vice-president of Rising. In mid-May, China announced it was reviewing foreign-made IT products because of cybersecurity concerns.
According to IDC data, the Chinese IT security market was worth $1.89 billion in 2013, a 13.6 percent year-on-year increase.
- Trade benefits Chinese, South Korean consumers
- Offshore RMB bond issues in first half hit 277b yuan: Singaporean banker
- China bank loans 400 m dollars for LNG carrier project
- Korean business communities see bright future
- Chinese share in proposed Asian bank 'flexible'
- China's printing market becomes world's second largest
- China, S. Korea vow to finish FTA talks before end of 2014
- Weaving profits, tradition with hand-made dresses
