Cybersecurity Salary Guide & Market Overview

An ever-evolving industry, cybersecurity is among the most in-demand practices of today for both businesses and professionals.

In fact, this trillion-dollar sector is booming as more companies recognise the value of keeping their information secure. With the demand for digital security workforce expected to rise to 6 billion globally in the next year, the competition for talent will only get stiffer.

Why the sudden growth? Simply put, the more our lifestyles and processes rely on digital, our need for security increases, too. This, along with new threats cropping out by the minute, make cybersecurity a highly valued market.

By 2021, cybercrime costs will hit $6 trillion annually.

But amidst massive attacks and data breaches that made it to recent headlines, some companies seem to be unresponsive as they take time weighing up the probabilities. This puts them at an even vulnerable state, as cyber criminals do not discriminate—as long as you run data, you are at risk.

The Challenge for Businesses

Hackers and their ways are getting more and more sophisticated with the availability of new technology they can use to hoard data. Ransomware costs alone were projected to exceed $5 billion last year, a 15x increase in just over two years.

Add AI and machine learning into the mix and the possibilities would be endless. That is why setting up your protection and constantly monitoring threats are the two-step solution to keeping your data secure.

Indeed, in this digital world, the best offense is a good defense.

The Opportunity for Professionals

While the industry’s growth seem to pose a bigger threat for businesses, this turns out to be a good news for professionals.

Jobseekers are on the receiving end of this opportunity, as the demand for talent is rapidly growing as a chain effect.

With the supply of professionals running about 1.5 million short, qualified candidates can receive multiple offers with competitive salary packages, giving them the luxury of choice when it comes to their careers.

But this doesn’t mean that employers would be lax in screening potential staff. Honing the necessary skills is still key to landing a job offer that will help advance your career.

And this goes across all industries. Just like almost every IT profession, cybersecurity is maturing into a business essential. With new trends constantly reshaping the industry, businesses simply can’t afford to operate without a reliable cybersecurity in place.

Your Next Steps

Regardless of where you are in the spectrum, whether you are a business owner or a professional, the future of digital security is promising.

The good news for businesses is that even though the threats are multiplying, the tools and ways to protect their systems are getting better, too. Experts are also getting equipped with advance skills that would make a hacker’s job much difficult.

Most importantly, everything you need to know about cybersecurity today is just click away!