Staffing in Cyber Security Market Growth, Competitive Analysis 2022

According to Precision Business Insights (PBI), the latest report, the staffing in cyber security market is expected to be worth USD billion in 2022, growing with significant CAGR from 2022 to 2028. Cyber thieves threaten all businesses, particularly those that rely on technology, systems, and data like a recruiting agency. Any company can be destroyed if an attack is successful. Malware, DDoS attacks, phishing, and other attacks are the most frequent types. When it is more critical for companies to safeguard themselves against the rising number of hackers, several phenomena are converging to produce the ideal storm that will result in a scarcity of cybersecurity personnel. The demand is made in the context of a wide range of security issues that are rising at an alarming rate, with the threat of data disclosure being unmistakably identified as the top security concern among experts worldwide.

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CISO Segment to Dominate the Staffing in Cyber Security Market:
The CISO segment is expected to account for a larger revenue share in the global staffing in cyber security market, with a value share worldwide. It is projected to grow at robust CAGR between 2022 and 2028. Organizations require security leadership with a direct or indirect channel to the CEO to address the significant workforce shortage caused by cybercrime. While cyberattacks are rising, the shortage of cyber security workers has left CISOs and corporate IT security teams shorthanded and recruiting talent.

Europe Staffing in Cyber Security Market:
The Europe market is expected to increase in the global staffing in cyber security market over the forecast period. By 2022, there will be a 350,000-person shortfall in cyber security capabilities in Europe, which means employers must do more to welcome immigrants and a changing labor market. Around the world, a third of hiring managers intend to grow their security teams by 15% or more. There will be a significant amount of recruiting centered in Europe, where 38% of hiring managers plan to grow their department by at least 15%, and 27% plan to increase it by at least 20%.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global staffing in cyber security market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Detailed Segmentation:
The staffing in cyber security market is segmented based on type, applications, and geography.
Based on the type, the market is segmented into the following:
• Chief InfoSec officer
• Cryptographer
• Security software developer
• Security engineer
• Vulnerability

Based on the applications, the market is segmented into the following:
• BFSI
• Government
• IT and Telecom
• Healthcare
• Retail
• Others

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The Key players' profiles in the staffing in cyber security market report are SEEK, Kelly Services, Hays, Adecco, Recruit, Allegis Group, Jobrapido, ManpowerGroup, IKYA, Genius, Teamlease, Randstad, CareerBuilder, Bayt, and Innovsource.

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This release was published on openPR.