Key Trends in Cybersecurity Jobs 2020. A new report from Cisco Technology Company puts the global figure at one million cybersecurity job openings. Demand is expected to rise to 6 million globally by 2019, with a projected shortfall of 1.5 million, says Michael Brown, CEO at Symantec, the world’s largest security software vendor. Cybersecurity was once the main topic of defense contractors and government agencies but today hiring of cybersecurity professionals has boomed in industries like Finance, Health Care, and Retail. For newbies to the tech field who are contemplating a career in cybersecurity, they will often start out as information security analysts. U.S. News and World Report ranked a career in information security analysis eighth on its list of the 100 best jobs for 2016.
Key Trends in Cybersecurity Jobs
Cybersecurity jobs are in demand and growing across the economy. The Professional Services, Finance, and Manufacturing/Defense sectors have the highest demand for cybersecurity jobs. The fastest increases in demand for cybersecurity workers are in industries managing increasing volumes of consumer data such as Finance (+137% over the last five years), Health Care (+121%), and Retail Trade (+89%). Positions calling for financial skills or security clearance are even harder to fill than other cybersecurity jobs. The hardest-to-fill cybersecurity jobs call for financial skills, such as Accounting or knowledge of regulations associated with the Sarbanes-Oxley Act, alongside traditional networking and IT security skills. Because finance and IT skills are rarely trained together, there is a skill gap for workers who meet the requirements of “hybrid jobs.” More than 10% of cybersecurity job postings advertise a security clearance requirement. These jobs, on average, take 10% longer to fill than cybersecurity jobs without a security clearance.
Key Trends in Cybersecurity Positions
Cybersecurity positions are more likely to require certifications than other IT jobs. One third (35%) of cybersecurity jobs call for an industry certification, compared to 23% of IT jobs overall. Cybersecurity employers demand a highly educated, highly experienced workforce. Some 84% of cybersecurity postings specify at least a bachelor’s degree, and 83% require at least three years of experience. Because of the high education and experience requirements for these roles, skills gaps cannot easily be resolved through short-term solutions. Employers and training providers must work together to cultivate a talent pipeline for these critical roles. Geographically, cybersecurity jobs are concentrated in government and defense hubs but are growing most quickly in secondary markets. On a per-capita basis, the leading states are Washington D.C., Virginia, Maryland, and Colorado; all have high concentrations of jobs in the federal government and related contractors.