Staffing in Cyber Security Market by Type (Chief InfoSec officer, Cryptographer, Security software developer, Security engineer, Vulnerability), by applications (BFSI, Government, IT and Telecom, Healthcare, Retail, and Others) and Geography  

The staffing in cyber security market is valued at USD billion in 2022 and is poised to grow at a significant CAGR over 2023-2029. Online security must now more than ever be taken seriously by consumers and businesses of all sizes as the frequency and potential damage of cyberattacks rises. Data breaches are occurring at record-breaking rates and with increasing frequency. One of the numerous transformations brought about by COVID-19 has been a sharp rise in the use of digital tools. According to the World Bank, there will be 50% more internet traffic this year than just two years ago. The greater digitization also increases the likelihood of cyber threats and attacks for all of us, which emphasizes how crucial it is for businesses to create, implement, and maintain reliable cybersecurity policies. However, a World Economic Forum survey of international cyber leaders found that 59 % of respondents stated it would be difficult to respond to a cybersecurity incident because of the skills gap in their teams. One of the keys is for businesses to function as something close to corporate universities, promising employment and ongoing employability. This can be accomplished by offering reskilling courses that instruct current or potential employees in cybersecurity and related fields. By doing this, companies are guaranteed to receive the individuals they require, and employees are given the training and information they need to be hired and retain their jobs. There is a definite convergence of interests: people are better off and more employable when they understand cybersecurity, and businesses need people who have that knowledge.