Cyber Security industry growth – shortage of professionals
Cyber Security has rapidly become one of the fastest growing industries in the world which has resulted in an increasing shortage of professionals working in the business. The global Cyber Security market size was valued at $183.34 billion in 2020 and is now predicted to reach $539.78 billion by 2030, with a compound annual growth rate (CAGR) of 11.6% from 2021-2030. As it stands, there is currently a major shortage of Cyber Security professionals across the globe and as ongoing onslaughts of hacking, ransomware and information breaches continue to plague many organisations, the requirement for employing people with the corresponding field-related skills is in high demand.