U.S. cyber security spending will reach $94 billion between 2013 and 2023, according to a new study by market research firm ASDReports.
This makes the U.S. the largest market for cybersecurity firms, followed by Europe at $25 billion, Asia-Pacific at $23 billion, the Middle East at $22.8 billion and Latin America at $1.6 billion.
Most of the expenditure in this sector is generated by the private sector, but government spending has increased. Private and public spending is almost the same, $94 billion over the next 10 years.
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