Growing demand for skilled cybersecurity professionals in India: 40,000 positions open

As the world witnesses a rise in global cyber-attacks, Research on jobs around Cybersecurity has revealed that market in India is expected to reach $3.5 billion with an annual growth rate of 8.05 per cent by 2027.

As of May 2023, the industry had about 40,000 open opportunities, indicating the growing demand for skilled cybersecurity professionals. However, the demand-supply gap stood at 30 per cent, projecting a major skill challenge in the industry, finds the study by tech staffing firm TeamLease.

Salaries for entry-level positions range from 3 to 6 lakhs per annum, while senior and mid-level professionals with over 12 years of experience can earn between 50-80 Lakhs annually.

The study also reveals a rise in global weekly cyber-attacks, exceeding 1,200 attacks per week, while Indian organizations experienced over 2,000 weekly attacks in Q1 2023, marking an 18 per cent increase from the previous year. The healthcare industry was particularly targeted, accounting for 7.7 per cent of the attacks.

CEO of TeamLease Digital, Sunil Chemmankotil, emphasized the need for proactive measures to address cyber threats as India embraces digital infrastructures. He highlighted the importance of comprehensive approaches to protect against malware attacks, social engineering tactics, and other sophisticated cyber threats. He also claimed that there is an urgency of upskilling the workforce and hiring qualified professionals to bridge the skill gap.