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Bob Carey
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Factoid of the Day Friday, October 21, 2016
International Data Corporation's (IDC) Worldwide Semiannual Security Spending Guide estimates that revenues for security-related hardware, software, and services will grow from $73.7 billion in 2016 to $101.6 billion in 2020, according to its own release. IDC sees a compound annual growth rate of 8.3% for the 2016 through 2020 forecast period, more than double the expected rate of overall IT spending growth. In 2016, the banking industry is expected to make the largest investment ($8.6 billion) in security solutions.
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