Source:
https://scmp.com/tech/enterprises/article/1839702/global-cybersecurity-market-may-hit-us170-billion-2020-amid-hacking
Tech/ Enterprises

Global cybersecurity market may hit US$170 billion by 2020 amid hacking fears

Companies in Asia-Pacific have been forced to confront the hacking threat after a series of high-profile attacks in recent months. Photo: Shutterstock

Spending on cybersecurity will more than double from US$74.5 billion this year to US$170 billion by 2020, according to analysts. 

North America and Europe are currently the biggest markets, but Asia-Pacific is increasingly investing in this area amid concerns about hacking.