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.
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