60 Billion USD: The Spending On Cyber Security In 2011

We always knew that cyber security is big. But, how big, exactly? We spotted this today:

"Global cyber-security spending is expected to reach $60 billion in 2011 and is forecast to grow 10 percent every year during the next three to five years, according to a report from PwC.

In most regions, the private sector accounts for the majority of cyber-security spending. The United States is the notable exception, where government spending is almost equal to the private sector. The strong U.S. technology industry combined with the fact that the U.S. defense and intelligence budgets are significantly larger than in any other country are key market drivers."

Statistics Source: CIO Insight

We had spotted some cloud statistics before.