How is the cybersecurity job market expected to evolve in 2024?

By Ludo Fourrage

Last Updated: April 9th 2024

Cybersecurity job market evolution trends in 2024

Too Long; Didn't Read:

The cybersecurity job market is set to soar by 35% in the U.S. by 2024. There's a rising need for over 3.5 million cybersecurity professionals globally, highlighting the urgent demand for cyber talent. Expect a surge in cybersecurity job roles, driving the industry's economic footprint to reach $345 billion by 2026.

The cybersecurity job market is blowing up, and it's not just about having a bunch of nerds in hoodies typing away at their keyboards. We're talking about a major shift in the kind of people working in this field.

According to the latest predictions, cybersecurity jobs in the U.S. are expected to skyrocket by 35% from 2021 to 2031, and globally, there's a demand for a whopping 3.5 million cybersecurity professionals.

Even with a year-on-year increase in qualified cybersecurity experts, there's still a massive talent gap with over half a million positions unfilled in the U.S. alone.

As CompTIA's research shows, this dire need for professionals is opening up new educational pathways, which Nucamp has been pushing with their emphasis on foundational cybersecurity knowledge and preparing for emerging threats.

The industry's economic footprint is expected to explode from $217 billion in 2021 to a whopping $345 billion by 2026. That's a lot of cash! With the value placed on digital security in our interconnected world, heading into 2024, the promise of growing job roles and the necessity for an adaptable skill set ensures a competitive and exciting job market for anyone looking to get into cybersecurity.

Table of Contents

  • Changing Landscape of Cybersecurity
  • Demand and Supply in Cybersecurity Jobs by 2024
  • Emerging Cybersecurity Job Roles and Skill Sets
  • Future of Cybersecurity Education and Training
  • Conclusion: Preparing for the Future
  • Frequently Asked Questions

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Changing Landscape of Cybersecurity

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The cybersecurity game is getting wild, and you need to be ready for what's coming. These days, the threats are getting more hardcore, and the tech is getting insane.

According to the National Cyber Threat Assessment 2023-2024, ransomware is still a major pain, and even governments are targeting critical infrastructure.

By the end of 2024, Forbes says cyber attacks could cost the global economy over $10.5 trillion! Crazy, right? And with new tech like generative AI, both the attacks and defenses are about to get a whole lot crazier.

To stay on top of this game, you'll need to level up your skills in AI, predictive analytics, IoT, and cloud security, because the cyber threat landscape is changing faster than ever.

The cybersecurity industry is about to blow up in 2024.

Not only is the market value expected to hit over $300 billion, but the roles and expertise needed are getting more complex too. Here's what you can expect:

  • Threat Analysts and Incident Managers will be in high demand, with jobs expanding to handle the craziness of interconnected digital systems.
  • Roles focused on regulatory compliance and data privacy are going to be crucial as privacy laws get tighter worldwide.
  • You'll see more Cybersecurity Automation Engineers to help lighten the workload with advanced automated security protocols.

According to a study on the cybersecurity workforce, the gap between available professionals and job openings is only going to grow bigger.

That means you'll need to stay on top of your game and constantly learn new skills. Roles will be all about AI-enhanced defenses and cloud security, just like the Google Cloud Cybersecurity Forecast 2024 says.

As one expert put it, "To keep up with the evolving threats, both practitioners and aspiring professionals need to constantly adapt and update their skills." By 2024, being an expert in emerging tech, machine learning, and regulatory compliance won't be optional – it'll be a must-have for anyone in cybersecurity.

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Demand and Supply in Cybersecurity Jobs by 2024

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The cybersecurity job market is going to experience significant growth by 2024, due to the increasing digital threats and new technologies emerging. According to the Bureau of Labor Statistics, there will be a 32% increase in jobs for information security analysts from 2022 to 2032, which is much faster than other careers.

They are predicting a 28% surge in cybersecurity job openings in the US alone. This translates to approximately 3.5 million cybersecurity jobs globally.

On Reddit's ITCareerQuestions, people are concerned about whether they can secure a $70k entry-level position in this field.

The reality, however, is that there is a shortage of qualified individuals to fill these roles.

In 2024, the median annual wage for an information security analyst is projected to be $112,000, which reflects the high demand and limited talent pool. The demand for skilled cybersecurity professionals is extremely high, but the supply of candidates is lacking.

It is estimated that 2024 cybersecurity graduates will only meet 65% of the demand, with a mere 2% annual increase in qualified candidates, which is significantly lower than the job growth rate.

This skills gap is a significant challenge. According to research, roles like information security analysts require not only a bachelor's degree but also solid work experience and possibly professional certifications.

To address this skills gap, schools, companies, and policymakers need to reevaluate their strategies and invest in cybersecurity training.

By creating robust academic programs and specialized training opportunities, we can produce more cybersecurity professionals to protect our digital infrastructure from the increasing cyber threats.

Emerging Cybersecurity Job Roles and Skill Sets

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The cybersecurity job scene is lit right now. With all the digital transformations happening and hackers trying to mess things up, companies need some serious expertise to keep their stuff safe.

The Computer Measurement Group is saying that there's a huge need for cybersecurity peeps, especially with so many people working remotely and all the IoT devices out there.

They're expecting 3.5 million cybersecurity job openings by 2024! That's insane! Companies are looking for all kinds of specialists, like AI Security Specialists to deal with AI-driven threats and Quantum Information Security Analysts to handle the quantum computing security stuff.

It's like a whole new world out there.

With companies moving to the cloud, they need cloud security experts to keep their data safe. And with edge computing becoming a thing in industries like healthcare, there's a need for pros who know how to secure mobile networks.

According to a Simplilearn study, there's gonna be a high demand for Incident Responders and Threat Hunters, so you better be able to detect threats and know all the regulations.

But it's not just about technical skills.

Companies want people who can communicate and work well with others too. That's what ISC2 and the experts at Palo Alto Networks are saying.

You gotta be a hybrid, with both technical and soft skills. And you better be ready to learn new technologies and stay ahead of the game because cybersecurity threats are always evolving.

If you're into cybersecurity, get ready for a wild ride.

It's gonna be like navigating a whole new digital world, and you gotta be innovative and on your toes to keep up with all the craziness out there.

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Future of Cybersecurity Education and Training

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The cybersecurity job market is blowing up, and it's shaking things up big time in the education world. By 2024, experts say there's gonna be a massive shift in how these programs operate, all thanks to some major trends.

The Top 5 Tech Trends in 2024, like the rise of AI and an increase in cyber resilience strategies, are shaping what's being taught.

They're predicting a whopping 3.5 million unfilled cybersecurity jobs globally, which just shows how crucial it is to revamp these education programs.

The job outlook for information security analysts is expected to skyrocket by 32% from 2022 to 2032, way faster than the average job growth, according to the Bureau of Labor Statistics.

So, here's how cybersecurity training programs are stepping up their game:

  • Bringing in real-world simulations to prep students for the latest threats,
  • Diving deep into mobile and cloud security challenges as more companies rely on cloud computing,
  • Offering specialized courses for in-demand certs like CISSP, CISM, CompTIA Security+, and covering the Cybersecurity Analysts job guide with role-based training.

This overhaul in training is being fueled by the ever-increasing sophistication of cyber-attacks, demanding advanced defensive tactics that education programs need to instill in their students.

One study predicts a significant increase in modules dedicated to cybersecurity issues posed by IoT devices and automation. Plus, industry-academia partnerships are expected to rise, with collaborative programs ensuring the curriculum stays relevant, boosting the employability of graduates.

Enrollment in cybersecurity degree programs is set to skyrocket, reflecting the growing awareness of how crucial cybersecurity is for protecting our digital world.

As a leading cybersecurity educator put it,

"The future of cybersecurity education is one that must be ever-adaptive, robust, and forward-thinking to produce talent capable of combating an ever-evolving digital threat landscape."

Conclusion: Preparing for the Future

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Let me break it down for you in a way that won't make you snooze. The cybersecurity job market is about to get lit in 2024, but it's also gonna be a wild ride.

The demand for skilled professionals is through the roof, with job openings skyrocketing by 28%. That's some serious next-level stuff.

Even peeps like Barbara Thompson from Reddit are keeping it real, expecting to rake in around $70K, but they know the hustle to land those high-paying gigs ain't no walk in the park.

If you wanna stay ahead of the game, you gotta switch up your career strategy.

Here's the 411:

  • Become a skill ninja: AI and generative AI are the new rockstars in the cybersecurity world. You gotta get your head around how they work, 'cause they're coming in hot with predictive security measures and all that jazz.
  • Stay up on the rules: Knowing the global cybersecurity policies, like the UK's Product Security and Telecommunications Act, is a game-changer. Governments are tightening up on data protection laws, so you better be in the loop.
  • Never stop learning: The Bureau of Labor Statistics ain't playing around. Jobs like information security analysts are expected to grow by 32% from 2022 to 2032. That's some serious growth potential.

Bottom line, if you wanna make moves in the cybersecurity biz, you gotta be proactive with your career game.

Information security analysis, regulatory compliance, and advanced threat-busting skills are gonna be the new must-haves.

Think roles like Cybercrime Analysts and IoT Security Specialists, straight outta Nucamp's articles.

By 2024, you better have that adaptable mindset and strategic vision on lock to navigate the twists and turns of this ever-changing job market. Stay woke!

Fill this form to download the Bootcamp Syllabus

And learn about Nucamp's Coding Bootcamps and why aspiring developers choose us.

*By checking "I Agree", you are opting-in to receive information, including text messages from Nucamp. You also agree to the following Terms of use, SMS Terms of use & Privacy Policy. Reply STOP to stop receiving text messages.

Frequently Asked Questions

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What is the expected growth of the cybersecurity job market in the U.S. by 2024?

The cybersecurity job market in the U.S. is expected to surge by 35% by 2024, highlighting the urgent demand for cyber talent.

How many cybersecurity professionals are globally needed by 2024?

There is a rising need for over 3.5 million cybersecurity professionals globally by 2024, showcasing the high demand for cybersecurity expertise.

What is the predicted economic footprint of the cybersecurity industry by 2026?

The cybersecurity industry's economic footprint is projected to reach $345 billion by 2026, underlining the significant value placed on digital security.

What are some of the emerging cybersecurity job roles expected by 2024?

Emerging cybersecurity job roles by 2024 include Threat Analysts, Incident Managers, Regulatory Compliance Specialists, Data Privacy Experts, and Cybersecurity Automation Engineers, reflecting the evolving demands in the industry.

How will cybersecurity education and training evolve towards 2024?

Cybersecurity education and training programs are expected to adapt by integrating AI, real-world simulations, specialized courses for certifications, and collaborating with industry for curriculum relevance to meet the increasing demand and sophistication of cyber threats by 2024.

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Ludo Fourrage

Founder and CEO

Ludovic (Ludo) Fourrage is an education industry veteran, named in 2017 as a Learning Technology Leader by Training Magazine. Before founding Nucamp, Ludo spent 18 years at Microsoft where he led innovation in the learning space. As the Senior Director of Digital Learning at this same company, Ludo led the development of the first of its kind 'YouTube for the Enterprise'. More recently, he delivered one of the most successful Corporate MOOC programs in partnership with top business schools and consulting organizations, i.e. INSEAD, Wharton, London Business School, and Accenture, to name a few. ​With the belief that the right education for everyone is an achievable goal, Ludo leads the nucamp team in the quest to make quality education accessible