Investment in cyber security reached US$53 billion in 2020, an increase of 10% year-on-year, the technology analyst firm Canalys says.
Spending on cloud infrastructure services in China in the final quarter of 2020 grew 62% year-on-year to US$5.8 billion (A$7.7 billion), the technology analyst firm Canalys says.
Spending on cyber security in 2021 is forecast to grow by 10% in the worst-case scenario, the technology research firm Canalys says.
Expenditure on cloud infrastructure services in China grew by 65% in the third quarter to cross US$5 billion (A$6.78 billion), a rise of more than US$750 million in the second quarter and nearly US$2 billion more than the corresponding period in 2019, the technology analyst firm Canalys says.
Tech analyst firm Canalys has predicted that global spending on cyber security this year would grow by 5.6% in a best-case scenario - where investment continued to outpace the economy – with the value of endpoint security, network security, Web and email security, data security, and vulnerability and security analytics expected to reach US$43.1 billion (A$$61.4 billion).
The global cyber security market grew by 9.7% for the first quarter of 2020 year-on-year, the technology analyst firm Canalys says, but adds that this trend is unlikely to continue for the remainder of the year as IT budgets come under increasing pressure due to the coronavirus pandemic.
Cyber security solutions for public cloud and as-a-service grew by 46% year-on-year for the first quarter of the current year, the analyst firm Canalys says.
Global quarterly spending on cyber security rose above the US$10 billion mark for the first time in the last three months of 2018, the analyst firm Canalys says, adding that, according to its estimates, the total investment in cyber security for the year touched US$37 billion, a rise of 9% year-on-year.
Optus has set up an interactive and collaborative website that connects small- and medium-sized business owners and their employees to help them sort out common business issues.
Optus has launched Loop, a cloud-based, virtual PABX targeted at small-to-medium business.
Optus’ quest to grab a greater share of the small business market from its competitors has been boosted by the appointment of former Blackberry Australia chief executive, Matthew Ball, as head of its SMB division.
Macquarie University has rolled out a government grade, secure crisis communications platform to keep students and staff safe on its campus.
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