Cybersecurity Industry Set to Grow Tenfold

"This $60 billion industry researches, develops, and sells firewalls, anti-malware, authentication, encryption, and 80 other categories of products. With each advance in the threat level represented by hackers, cyber criminals, and cyber spies there has been a new batch of vendors which come on the scene to counter threats that bypass previous technologies and spending has increased."

Stiennon’s bold prediction is that in ten years, IT security will be a $600 billion global industry. The recent revelations from Edward Snowden will only accelerate cybersecurity industry expansion.

Full Story: http://www.govtech.com/blogs/lohrmann-on-cybersecurity/Cybersecurity-Industry-Set-to-Grow-Tenfold.html