China’s Cyberattack Fears To Spark Massive Defense Spending

Thursday, September 13th, 2012 | Filed under Cybersecurity,Headline | Posted by

“China’s concerns over the safety of its power infrastructure will result in astronomical security spending over the next decade, states the latest report by international business analysts GlobalData.
The new paper* says that China’s cyber security market will expand remarkably in the coming years, from a valuation of $1.8 billion in 2011 to $50 billion by 2020, representing a dramatic compound annual growth rate (CAGR) increase of 44.7%.”

Source: China’s Cyberattack Fears To Spark Massive Defense Spending – Dark Reading

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