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August 14, 2013
Sean Patterson By 2017 The IT Security Market Will Hit $30 Billion
By Sean Patterson
As the internet has grown, so have the dangers of its interconnectedness. Business of all sizes are at risk for multiple types of intrusions into their networks, including the relatively new phenomenon of hacktivism.

It’s no surprise, then, that the IT security industry is being forecasted for explosive growth in the coming years. Analyst firm Canalys today released estimates showing that IT security spending will reach $30.1 billion by the year 2017. The firm also predicted that IT security would not be largely affected by poor economies, as business are likely to prioritize it over other spending.

Latin America in particular is predicted to increase its IT security spending. Current infrastructure projects are expected to drive a 15% increase in IT spending in Latin America this year. Europe is on the opposite end of the spectrum, with Europe, the Middle East, and Africa estimated to have increased their combined IT security spending only 3% in 2012. [...]

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