Seizing the Moment: Cybersecurity Opportunities in the Digitalization Era

The cybersecurity market is expected to grow from USD 172.32 billion in 2023 to USD 424.97 billion in 2030 as per the projections. The number of unfilled jobs in cybersecurity remains at 3.5 million in 2023, with over 750,000 of those positions in the United States.

Why is there so much demand for cybersecurity these days? Digitalization is one of the few key factors to consider.?

Digitalization is the process of converting paper information into a digital format so that it can be used by computers. We have seen massive digitalization in this past decade. Our information, which was previously stored in cabinet files, notebooks, and so on, is now available in digital format where we can instantly access it from all our devices from anywhere in the world.?

People use their phones and laptops to do things like banking, grocery, shopping, and more. The amount of time spent on electronic devices has risen dramatically in recent years, as work and social lives increasingly move online.?

Digitalization is more than just converting paper documents to digital formats. Our household items are now digital as well, which means they are linked to the internet. We can now control these devices remotely now that they are online.

There are connected devices all around us—phones, vehicles, and household items like coffee makers, refrigerators, microwaves, etc. These connected devices are often referred to as IoT—the Internet of Things. With the introduction of 5G, our devices are more connected than ever before. 5G is the fifth generation of cellular networks. Up to 100 times faster than 4G, 5G is creating never-before-seen opportunities for people and businesses.

Users can access data from anywhere on the internet thanks to rapid digitization. The data is accessible not only to users, but also to cyber criminals. We hear about cyber attacks and data breaches almost every day.

To summarize, digitalization has contributed significantly to a growing demand for cybersecurity services and professionals, making this field a highly attractive career option. On the other hand, the complexity of cybersecurity topics, turns people off. They come across words like encryption, decryption, MFA, and so on, and the explanations available do not grab their interest. To address this issue, Sanjay Saxena and I spent three years researching, simplifying, and explaining various cybersecurity topics using fun illustrations, comic strips, and real-life examples in our book 'Security and Compliance: A Must-Have Visual Guide'. https://securityforleaders.com