Dave Miller – Tech Enthusiast & Security Expert – August 3rd, 2022
Everyone talks about how the IT industry is expanding, and you may already be considering joining it, but how many cyber security professionals are there? Every time you pursue a vocation, it is essential to understand the level of market saturation. Unless you are truly gifted in what you choose, it will make or ruin your future. You can probably guess that as our world becomes more digital at a faster rate, there will be more need for cyber security professionals. According to some estimates, demand is already outpacing firms’ ability to fill positions, which is only likely to increase.
Read on to learn more about the cyber security industry’s statistics and what to expect in the foreseeable future—also covered in depth will be how to enter this field.
Today’s world is unquestionably becoming more digital. In actuality, 5.03 billion people worldwide—or 63.1 % of the world’s population—use the internet at any given time. Using the internet, E-commerce, cloud computing, and online shopping foster the IT sector’s rapid expansion. In light of this, information technology, or IT as it gets more popularly known, is now the most sought-after vocation and the fastest-growing sector in the world.
Fact: The industry for business services, IT services, and information technology (IT) is worth more than $1 trillion annually. Only the American region generates 555 billion of this portion.
And fortunately, there is always a strong need for highly trained professionals. Your inquiry on how many cyber security professionals are there, is thus no longer relevant because there is an apparent demand for fresh participants in this industry. But hold up before leaving; I’ll get into more depth about this in a moment.
Organizations’ degrees of risk exposure inevitably rise when they adopt remote work, digital processes, and cloud-based technologies. An estimated 2.5 quintillion bytes of data get produced daily around the globe. Hackers now have additional options to obtain private information. As the world continues to go digital and data quantities rise, they will have many more possibilities.
Dealing with cyber risk will be crucial as we advance in the digital age. Therefore businesses must make sure that their internal procedures are reliable against it. Hiring a cyber security expert is the only sure-fire method to do it correctly. A cybersecurity expert’s top objective is to stop attacks from happening by “fixing” possible problems before malicious individuals take advantage of them. They strive to recognize dangers and devise defenses for an organization’s network.
Fact: In the end, cyber risk is a management challenge rather than an IT issue. Only 38% of worldwide corporations think they are ready to manage a sophisticated cyber assault, showing that businesses are still lagging.
If your firm does not effectively handle these risks and challenges. In that case, it may suffer financial loss and adverse publicity. Therefore, remember that a robust IT security policy is the first step when looking for solutions to control risks in the digital transition.
I have now explained why the IT industry is booming and its risks. So, I can satisfactorily respond to your question on how many cyber security professionals are there. You may get a general idea from the stats below.
Over a million people were employed in the cybersecurity sector in the United States alone in 2020. Additionally, there are currently 1,091,575 workers in the US in 2022. At the same time, there are more than 4 million cybersecurity specialists worldwide. In 2021, women held 25% of all cybersecurity jobs globally.
Predictions indicate that the global cyber security industry would grow at a CAGR of 13.4%, from USD 155.83 billion in 2022 to USD 376.32 billion in 2029. There are significant talent gaps in cybersecurity throughout the US. Additionally, there are now 714,548 available positions in the field of cyber security, with Texas, Florida, and California having the most opportunities.
Even quicker than businesses can acquire them, the need for cybersecurity experts has been rising, and this trend gets anticipated to continue. The Bureau of Labor Statistics estimates that over the next ten years, demand for cybersecurity jobs will increase by up to 33%.
The need for cybersecurity professionals also increases as cyberattacks become more frequent. You might be thinking, how many cyberattacks take place each day? According to some estimates, more than 2,200 cyberattacks are daily, leading to hacks occurring every 39 seconds. With that, many businesses’ budgets for cybersecurity continue to climb due to these increases. However, there is a severe lack of qualified cybersecurity employees, and there is a tremendous need for people to fill these roles.
By 2025, it gets predicted that cybercrime will cost businesses around the world $10.5 trillion yearly. As per IBM reports, it takes a business 197 days to learn of a data breach and up to 69 days to contain it. At the same time, the typical data breach will typically cost $3.86 million.
China is the nation with the most cutting-edge technology in terms of cyber security and monitoring. While Russia unexpectedly comes in ahead in second place, the United States comes in third in the category.
The most popular professional option to become a cyber security specialist is to acquire multi-functional skills and expertise through many channels. Below are some valuable tips for you to keep in mind
Many employers choose applicants who also hold a certification that verifies their understanding of best practices. According to a Burning Glass cybersecurity report. A candidate must have at least one qualification for almost 60% of cybersecurity roles available. In the link below, you can view some of the top cybersecurity credentials that may help you land your next job.
It will be necessary to be proficient in various programming languages and technologies, including Java, Python, Go, Node, C++, PowerShell, and Ruby. However, it might be possible to work in cybersecurity without any programming experience. It gets considered a valuable skill set, especially if you want to improve your career.
And the thing I didn’t say up top is very evident. Most cybersecurity experts have completed cybersecurity-related associate’s, bachelor’s, or master’s degrees. A few years of experience would also help you much. However, a bachelor’s degree in cyber security or a related discipline is not usually necessary for entry-level cyber security positions. Because there are so many open cybersecurity roles, possessing the right skills might help you land a job.
Finally, I would say You must follow current tech industry trends if you want to enter the cyber security field. Exercise your abilities, try new things, and pick the brains of as many cyber security experts as possible. Don’t forget to read books about the subject you are interested in.
Any business that uses computer systems is concerned about cybersecurity. Thus, there are career prospects for cybersecurity specialists in various industries. Even if there are more than a million cyber security specialists accessible, there are still about equivalent numbers of employment open for anyone wishing to enter this industry.
You will succeed in no time if you follow the advice I’ve provided above and immediately take the leap of faith in your abilities and desire. Get yourself additional certifications apart from the education; they will come in handy.
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Dave Miller is an IT Consultant for Online Cloud Security and has over 7 years of experience in the Information Technology space. He also specializes in repairing laptops & computers. In his spare time, he loves to talk about new technologies and hosts monthly IT and Cyber Security meetings in the Houston area.
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