What is Future of Cyber Security Salary: Predictions and Trends?

In recent years, cyber security has become one of the most important and sought-after fields in the world. With the growing number of cyber attacks and data breaches, businesses and organizations are placing greater emphasis on securing their online assets. As a result, cyber security professionals are in high demand, and their salaries are rapidly increasing.

The Future of Cyber Security Salary

According to a recent report by Cybersecurity Ventures, the global cyber security market is expected to grow from $173 billion in 2020 to $270 billion by 2026. This growth will lead to an increased demand for cyber security professionals, resulting in higher salaries. The report predicts that by 2026, there will be 3.5 million unfilled cyber security jobs globally.

As the demand for cyber security professionals continues to rise, their salaries are expected to follow suit. According to a survey by Robert Half, a leading staffing firm, the average starting salary for a cyber security professional is $129,000. This is significantly higher than the average starting salary for other IT professionals, which is around $68,000.

In addition to high starting salaries, cyber security professionals also have strong earning potential throughout their careers. The same Robert Half survey found that the average salary for a Chief Information Security Officer (CISO) is $240,000. This figure can vary based on factors such as company size, industry, and location, but it’s clear that cyber security professionals can earn significant salaries.

Predictions and Trends

As the cyber security industry continues to grow, there are several trends that are likely to impact salaries. One of the biggest trends is the shift towards cloud-based security solutions. According to a report by Gartner, the cloud security market is expected to grow at a compound annual growth rate of 33.3% between 2020 and 2025. This growth will create new opportunities for cyber security professionals who specialize in cloud security.

Another trend that is likely to impact salaries is the increasing importance of data privacy. With the rise of data breaches and privacy violations, companies are placing greater emphasis on protecting customer data. This has led to the creation of new roles such as Data Protection Officer (DPO), which are responsible for ensuring compliance with data protection regulations. These roles are likely to command high salaries as companies prioritize data privacy.

The COVID-19 pandemic has also had a significant impact on the cyber security industry. With the shift towards remote work, companies have had to implement new security measures to protect their networks and data. This has created new opportunities for cyber security professionals who specialize in remote work security.

Cyber Security Salary in India

India is one of the fastest-growing markets for cyber security professionals. According to a report by NASSCOM, the Indian cyber security market is expected to reach $3.05 billion by 2022. This growth is being driven by factors such as the increasing adoption of cloud computing, the rise of e-commerce, and the growing threat of cyber attacks.

In India, cyber security salary vary based on factors such as experience, location, and job role. According to a survey by Naukri, the average salary for a cyber security professional in India is around Rs. 8 lakh per annum. However, salaries can range from Rs. 3 lakh per annum for entry-level roles to over Rs. 20 lakh per annum for senior management roles.

One of the biggest challenges facing the Indian cyber security industry is the shortage of skilled professionals. According to a report by PwC, India currently has a shortage of over one million cyber security professionals. This shortage is expected to drive salaries higher as companies compete for a limited pool of talent.

Conclusion

In conclusion, the future of cyber security salaries is expected to be bright and lucrative. With the increasing demand for cyber security professionals, the salaries are predicted to rise significantly. Overall, cyber security is a promising field for those looking to build a successful and rewarding career in the IT industry.

If you’re looking to enhance your earning potential in the cyber security industry, the Post Graduate Diploma in Cyber Security offered by BSE Institute Ltd can provide you with the training and expertise you need to succeed.

By completing this program, you can be well-equipped to tackle complex cyber security challenges and secure a competitive cyber security salary in the job market. So, if you’re considering a career in cyber security, explore the Post Graduate Diploma in Cyber Security program offered by BSE Institute Ltd. It can be a valuable investment in your future and help you achieve your career goals.