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[ISN] Security spending to reach $60bn in 2011 as firms prepare for attacks
By Shaun Nichols & Dan Worth
01 Dec 2011
Cyber security spending will reach $60bn in 2011 as businesses across
the globe look to protect themselves from ever-increasing online
threats, according to a study from consultancy PwC.
The company said in its Security Mergers and Acquisitions report that
increased demand for enterprise security products will push the value of
security firms up and could lead to larger, more lucrative merger deals
in the coming years.
The value of security mergers and acquisitions has passed $22bn since
2008, and the first half of 2011 accounted for 37 deals with a combined
value of Â10bn alone.
The report reveals that the UK is the world's third largest market for
security spending, behind the US and Japan. Overall, PwC estimates that
businesses spent some $60bn on security products and services last year.
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