The global cybersecurity job market is expected to grow many times with the market that grows from USD 137.85 billion in 2017 to USD 231.94 billion by 2022. The major forces driving the growth of the cybersecurity market are strict data protection directives and cyber terrorism. Internet of Things (IoT) and Bring Your Own Device (BYOD) trends, and increased deployment of web and cloud-based business applications are further fueling this growth.
In India, Nasscom Cyber Security Task Force estimate that the revenue from cybersecurity will skyrocket to $35 billion by 2025, with more than 1000 startups in this space. This will in turn create more than 10 lakh jobs. With the Government’s strong focus on cybersecurity the growth in jobs in this segment are going to be more than 20% per annum for the next 5 years as per ISEA – MEITY, GOI.
As per DSCI study, cybersecurity jobs in India have starting salaries from ₹3 lakhs per annum for freshers. Some career paths have helped a few to get ₹40 lakhs p.a salary within 10 years. As per Economic Times, A CISO can get up to ₹4 crores per annum.
All statistics point to the fact that man power requirement is growing along with this tremendous growth. Although there are a few offering training there is no experienced quality training available except for the in-house training at various cybersecurity firms.
The Cybersecurity bubble shows no sign of a burst or slow down.