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Source: The post is based on the article “India unable to fill 30% of cybersecurity jobs due to skill gap” published in The Hindu on 22ndJune 2023
What is the News?
TeamLease Digital has released its latest research study titled “Cybersecurity: Securing India’s Digital Frontier”.
The research study sheds light on the rapid growth and potential of the cybersecurity market in India, also addressing the mounting cyber risks faced by organizations spanning diverse sectors.
What are the key findings of the report?
Market share of cybersecurity: The cybersecurity market share in India is projected to reach $3.5 billion, with a projected compound annual growth rate (CAGR) of 8.05% by 2027.
Jobs in cybersecurity: As of May 2023, India had 40,000 job openings for cybersecurity professionals. But 30% of these vacancies could not be filled due to a huge skill shortage.
– The demand for cybersecurity professionals has far exceeded supply, causing many businesses to struggle to recruit qualified personnel.
– Cybersecurity skill sets that are in high demand include data privacy, cloud security, AI security, and network security.
Cyberattacks: Enterprises in the country experienced over 2,000 attacks every week in Q1 2023, marking an 18% increase compared with the previous year. The healthcare industry was a prime target, with 7.7% of attacks directed towards it.
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