China’s Cybersecurity Market To Reach $15 Billion By 2022

China’s cybersecurity market is expected to reach RMB100 billion (US$14.6 billion) by 2022, nearly tripling from the current RMB35 billion (US$5.1 billion), said a Chinese cybersecurity expert at the China Internet Security Conference (ISC) yesterday. "Cybersecurity is gaining importance in China. But the industry suffers from a severe lack of talents. There were about 30,000 people graduated from cybersecurity-related majors in the past two years. However, the demand of China’s cybersecurity market is roughly 700,000 to one million," said a …

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