With physical forms of meetings and gatherings restricted to curb the spread of the virus, virtual pathways will be the new normal for businesses this year. The changes that ensue will be conceivably irrevocable as the widespread permeation of the various technological innovations will transform the way businesses compete and operate, making them more productive than ever. Organisations are witnessing a digital transition in the way they operate to build a pliant process that enhances stability and efficiency. This digital metamorphosis of businesses will also require well-fortified protective systems to secure themselves from the various forms of digital threats known as cyber risks.
In the event of rising cybersecurity invasions and breaches occurring at a torrential pace, the demand for cybersecurity solutions is projected to mushroom phenomenally. With businesses making the formal shift to the online medium, the cybersecurity market in India is expected to touch $3 billion by 2022 while growing at a CAGR of 16% as per reports from PwC-DSCI.
The current scenario also points to the glaring fact that the country suffers from a dearth of shortage in the appropriately skilled cyber-security professionals. NASSCOM reported that India would need 1 million cybersecurity professionals by 2025, but there are not even 1,00,000 cybersecurity professionals in India. This situation is nothing short of a perilous ordeal for companies as they need skilled cybersecurity professionals and an appositely empowered cybersecurity system.
Companies today need to overcome the lack of sufficiently trained and skilled cybersecurity personnel that are well versed in operating and optimising cyber tech solutions. To provide the essential training and knowhow to prospective cybersecurity aspirants, a vast number of universities are proffering well-tailored courses in cybersecurity stacks and IT innovations. But putting aside the conjectural suppositions of learning and up-skilling, initiating real-time simulation training exercises is the most pertinent method for cybersecurity executives and managers. This approach will help them to gain the required expertise to endow cybersecurity professionals with real-time practical experience and effectively defuse the never-ending bombardment of sophisticated cyber-attacks.
While those who venture into the stream of professional cybersecurity roles receive basic monetary compensation, the salaries tend to grow substantially as they climb up the cybersecurity job hierarchy. As per a study undertaken by Payscale.com, the standard remuneration package for cybersecurity architects is about Rs 22.2 L/annum that is purportedly around 20-50% greater than those of its contemporaries in software-related segments. Thus, the field of cybersecurity offers a gamut of lucrative positions for countless tech-aspirants and even more so as the business world graduates to the online digital mode of operation in the wake of the
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