With the increase in the frequency of cyberattacks in the country, the demand for cybersecurity professionals is increasing, as a study points out speak National Association of Software and Services Companies (NASSCOM).
Today, more and more people are opting for digital payments, which exposes them to threats from cybercriminals. As cybercrime cases skyrocket, it is more necessary than ever for businesses to invest in qualified cybersecurity experts, to help protect their systems against the deadliest cyber raids.
In fact, Burning Glass Technologies, an established labor market analysis firm, has found that employers are willing to hire specialists who can anticipate or thwart these attacks before they threaten to escalate. Thus, the field of cybersecurity is making great strides.
Good prospects, good salary
During a recent National Cybersecurity Awareness Month (NCSAM), research was conducted on cybersecurity jobs and salaries, with the figures revealing that analysts employed in the sector can expect earn significantly more than professionals in other in-demand professions.
According to Siva Prasad N., Commercial Director at HR Specialists Teamlease, the salaries of cybersecurity professionals are increasing along with the demand for such expertise. And according to data from Quess Corp, a business services provider, the number of jobs related to cybersecurity has increased by 113% in the past 12 months.
On average, cybersecurity analysts can expect to earn Rs.7.5 lakhs (approx) per year at the start of their career, while an expert with a decade of experience could earn around Rs.22 lakhs per year .
Yet there remains a considerable gap between the demand and supply of trained cybersecurity specialists – a gap that will likely take time to close. In fact, a recent survey conducted by NASSCOM revealed a shortage of one million cybersecurity analysts, too great a deficit at a time when cyber threats are proliferating.
That’s why now is a great time for anyone fresh out of college and looking for a high-paying job, to take advantage of the openings in cybersecurity. And an essential part of the process of meeting the criteria for such a job profile is the postgraduate certification in cybersecurity.
After graduation, the ideal next step would be to enroll in an online cybersecurity course that offers an innovative and industry-relevant curriculum hosted by industry leaders, which will give a competitive edge. students looking to improve in this area. Those with two to five years of work experience can apply for these courses which, in addition to helping firm up practical knowledge, will provide crucial hands-on learning.
The promise of digital security
In a survey conducted by NASSCOM DSCI, “India Cybersecurity Services Landscape”, it was found that 37% of organizations find it difficult to focus on the right talent and hence focus on upgrading or reskilling their skills . personnel to better protect their organization against cyberattacks, an additional cost that companies are more than willing to bear.
Currently, India has more opportunities in this sector than the United States and the United Kingdom. According to industry research, the following positions are in high demand, while offering maximum career development and opportunity for professional growth: Cybersecurity Analyst, Security Architect, Cyber Security Manager, Chief Information Security Officer, Network Security Engineer.
Additionally, the Bureau of Labor Statistics predicted that the demand for information security analysts would increase by 37% between 2020 and 2028. Clearly, the cybersecurity job market is growing and will continue to grow at as the “digital” lifestyle becomes more and more important. rooted in our worlds.
Globally, the cybersecurity services market is estimated to reach US$7.6 million in 2022, with its CAGR growing year-on-year by 21.2% in the seven years since 2015.
Moreover, the Data Security Council of India has predicted that the cybersecurity ecosystem will grow to a point where some 10 lakh professionals will be needed by 2025. Meanwhile, the “NASSCOM Cyber Security Task Force” was created to grow the cybersecurity industry market share by 2025. The goal? This India will have trained a million certified professionals and paved the way for the emergence of 100 security product companies.
With a strong government and corporate push towards digital India, India is on the cusp of a cyber revolution. At a time when there is a growing holistic demand, a rigorous cyber workforce is a need of the hour. Thus, Indian edtech players are inducing early cyber education through specially organized curriculum, hackathon and internal projects and competitions to increase students’ potential for Indian cyberspace and elevate India’s burgeoning cybersecurity sector .
(The author is Mr. Gaurav Bhatia, CEO of RISE and the opinions expressed in this article are his own)