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China’s Cyberattack Fears To Spark Massive Defense Spending

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September 13, 2012
Cyber Security
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“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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