Career upliftment and the economic growth is something everyone wants in the present scenario. In fact, they have become the widely discussed topics on the internet. With the blooming internet spectrum, the demands of those who can contribute to the smooth flow of tasks on this platform under a secure environment have been increasing. Generally, these professionals are called as Cyber Security experts.
Well, the fact couldn’t be denied that the demand of these professionals is increasing day by day and it is largely predicted that the Global Cyber Security Market Forecast and opportunities in 2020 are going to amaze the entire IT sector. There are many organizations dealing with Cyber Security and they have almost doubled their profits in the last five years. One reason for this is the rising demand for the cybersecurity tools.
It is quite true that an exponential growth has been seen in the Cyber Security markets and you might have no idea but the fact is the market will be worth 202 billion USD. One of the strange facts is most of the sectors dealing with technology can be grown by eliminating or imposing a limit on the inefficiencies, the Cyber Security has been enhanced due to increasing cyber crimes.
Related Article: Reasons To Learn Cyber Security
The fact couldn’t be denied that the Cybersecurity market has been increased up to a great extent in the last few years. Some leading reasons are
The application security solutions are widely demanded because, on an average basis, around 65,000 new devices are connected to the internet each day across the globe. Most of these devices are easily susceptible to the APT’s i.e. Advanced Persistent Threats. Every organization wants to keep their tools safe. It is because of no other reason than this, the cyber security market during 2018-20 will witness excellent CAGR. In fact, Cyber Security is a domain which will soon become the allure of the technology all over the world.
The defense and aerospace sectors are widely investing in this technology. The adoption rate of security solutions by these sectors is huge. There are several other sectors which are also contributing to enhancing the net worth of cybersecurity up to a very good extent. These sectors are Finance, Banking, Insurance, as well as telecom.
Related Article: Cyber Security Frameworks
The European and US markets are largely predicated to dominate the largest share of the Cyber Security and that too in the last two years. One of the leading factors for this is many organizations are adopting and accepting the security tools at a very fast rate. Because European and US markets have a huge impact on global markets, many other nations are also widely spending on the Cybersecurity and this is exactly what they are enhancing the overall size of Cyber Security markets.
Well, it is one of the most common sayings in the present time and i.e. Cyber Security will rule around 50% of the IT sector by 2022. This is because organizations are working very hard to meet the shortfall between the solutions demanded and their availability. Many organizations have worked very hard to come up with the solutions that are simply the best in every aspect and are good enough to be trusted ion the long run. The credit actually goes to those genius minds that have enabled them to keep up the pace in this matter.
The recent research by Cisco shows that the around 30% of the overall available jobs will remain unfilled even by next 5 years and organizations will have to struggle a lot to do so. This is because of a huge gap between the demand and availability.
Cyber Security is a vast domain in the IT sector and organizations have to work a lot to keep up the pace towards it. The fact is there are many important sub-tasks associated with this domain and only one professional cannot help meeting an organization its expectations. Therefore most of the organizations have to hire experts in bulk. Many genius minds when work together can easily tackle all the challenges associated with the Cyber threats.
The unemployment rate in the Cyber Security is almost zero and that’s too in the last 5 years. Almost every trainee got the job in the recent years. If experts are to be believed, this will continue till 2022. When compared to any other IT sector, the Cyber Security is the one which is least populated. On an average basis, there will be only one skilled person for every 4 jobs in the Cyber Security in the coming years
Well, the fact is a domain which is growing exponentially will be having a very large number of benefits available for those who will undertake the Cyber Security Training presently. There are many benefits experts can simply available by joining this IT sector. Actually, a lot of experts in the IT are switching their jobs and a huge spectrum of them has been seen preferring the Cyber Security. Obviously, it’s because of a large number of pros associated with this domain.
Well, the fat paychecks are other leading things about the Cyber Security domain. Experts can always make sure of this. The average salary of a Cyber Security professional is around 3 times more than others working in the same organization. One major factor as already mentioned in this post is nothing but a huge supply gap.
This is everything that you should know about the global cyber security market forecast and opportunities 2020. Probably, there is more to gain and learn about this topic. The Cyber Security trends are blooming and experts are now in a position to grab the best available jobs. With this information, one can easily choose and target the best study and without worrying about anything.
Sandeep is working as a Senior Content Contributor for Mindmajix, one of the world’s leading online learning platforms. With over 5 years of experience in the technology industry, he holds expertise in writing articles on various technologies including AEM, Oracle SOA, Linux, Cybersecurity, and Kubernetes. Follow him on LinkedIn and Twitter.