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Home > Blogs > How Big is the Cybersecurity Market?
From cryptographers, who analyze hidden data, to ethical hackers, who inquiry and find system vulnerabilities, cybersecurity professionals save every industry vertical from imminent cyber threats. These professionals monitor the system every second to avoid misuse of personal data and exploitation of sensitive information.
Undoubtedly, the increasing number of cyber hackers has also increased the demand for cybersecurity professionals. Recently, the cybersecurity market has been forecasted to reach USD 248.26 billion by the year 2023. It includes cybersecurity management activities such as unified threat management, access and identity management, security incident management, and compliance and risk management.
An online cybersecurity course can help professionals grab new career opportunities in this growing market and create better occupation landscape.
Growth of Cybersecurity Market
As cybercriminals get more sophisticated with their strategies and approaches, malicious cyber-attacks are on the rise. In a case study by IBM, it was revealed that one of its clients had suffered 178 security-related attacks or incidents in 2015. The number increased by 64% last year.
Similarly, Symantec Corporation, a security software provider, found 430 million malware software pieces in 2015, which went up by 36% last year. The company even disclosed that the mega-breaches, that can cause damage or loss of 10 million data record in one time, has also increased drastically in previous years.
These statistics are despite the fact that most organizations are unwilling to reveal an exact number of data breaches experienced by the business.
There is a rapid expansion in the use of internet-enabled devices, as, today, every person has access to an internet connection. With this soaring demand for internet connectivity, the risk of cyber threats and perpetrators is also increasing. As a result, many organizations are implementing cybersecurity awareness programs, hiring talented professionals, and using third-parties for red team assessment or penetration testing.
Cybersecurity Skill Set
If you want to become a cybersecurity professional, here are the skills that you should learn during your online cybersecurity course. The right cybersecurity training course would offer the correct knowledge and industry experience.
The least discussed yet one of the most important skills is communication. Cybersecurity professionals should have strong verbal and written communication skills to coordinate with the team, convey the issue to law enforcement, and explain prevention to employees.
Many of the cyberattacks cause damage due to lack of teamwork. Every team member should be aligned to execute their responsibility without any confusion. Further, every node of this cybersecurity team is required to work collaboratively to achieve preventive goals.
The basic rule of cybersecurity is to keep it silent. You are not required to disclose every malicious attempt to everybody in the business. If it is prevented, you just have to strengthen and prepare your team for larger attacks that may be coming your way.
Cybersecurity professionals require strong problem-solving qualities to judge the intensity of the issue, analyze the complicated data involved, and prevent/stop the issue/attack at earliest.
Experience in network and system programming is imperative to acknowledge an attack when you see one.
Understanding and effectively implementing confidentiality, access control, authentication, and privacy is necessary to reduce the chances of cyberattacks.
Cybersecurity professionals are expected to have knowledge of intruder methods and hacker codes. Without knowing what it looks like, it is not possible to detect an attack early.
Fast Track Your Career
The cybersecurity market is only expected to grow in the future. We are not giving up on the internet and related technology any time soon. Hence, hackers won’t give up too.
To become market-ready, enhance your knowledge through a good cybersecurity certification course. The right cybersecurity course would help you gain all the above skills and industry knowledge.