Core Insights - The report by CCID Consulting indicates that the network security access market in China is projected to reach 1.72 billion yuan in 2024, reflecting a year-on-year growth of 18.6%, showcasing strong growth momentum [1] - Qi Anxin leads the industry, holding the top position in the Chinese network security access product market due to its significant advantages in technology R&D investment, adaptability to the Xinchuang ecosystem, and large-scale implementation for major industry clients [1][3] Market Dynamics - The network security access products are critical components of the internal network security protection system, addressing the legitimacy and compliance issues of various terminal devices accessing the network [3] - The rapid development and deep integration of technologies such as artificial intelligence, cloud computing, and the Internet of Things are driving the exponential increase in diverse terminal device access, which in turn expands the attack surface and increases risks [3] - The continuous growth of the network security access market is primarily driven by innovations in information technology applications, particularly in key sectors like government, finance, energy, education, and healthcare [3] Company Overview - Qi Anxin's network security access system (NAC), launched in 2014, features an industry-leading integrated hardware and software architecture, encompassing capabilities such as automatic asset discovery, network awareness, access control, compliance checks, and vulnerability scanning [5] - The system is deeply developed based on mainstream domestic platforms, supporting deployment in Xinchuang environments and managing both Xinchuang and non-Xinchuang terminals [5][7] - Qi Anxin's access system has been widely applied across over 30 vertical industries, serving more than 10,000 clients and managing over 20 million terminals [7] Strategic Developments - In the context of ongoing policies for Xinchuang replacement in government sectors, Qi Anxin's network security access system has won bids for projects in various local governments [10] - Qi Anxin continues to secure significant contracts, including projects with China Electric Power Construction and the overall security transformation project for rural credit cooperatives in Yunnan Province [10] - According to Gartner's latest report, Qi Anxin is recognized as a representative vendor in the "IoT identity authentication" technology category, further highlighting its leading position and technological foresight in network access security [10] Future Outlook - The market for network security access products in China is expected to reach 3.2 billion yuan by 2027, with a compound annual growth rate of 23% over three years [10] - Qi Anxin aims to continue leading the evolution of access products, enhancing its adaptability across various scenarios, and expanding the application boundaries of access products to strengthen the trusted access defense for digital China [10]