GITNUX MARKETDATA REPORT 2024

Cybersecurity Training Industry Statistics

The cybersecurity training industry is expected to continue growing rapidly, driven by increased cyber threats and the need for organizations to protect their data and systems.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the latest statistics and trends shaping the cybersecurity training industry. From the market size and growth projections to the challenges faced by businesses and the increasing cyber threats, these statistics provide valuable insights into the critical importance of cybersecurity training in today’s digital landscape. Let’s dive into the data and understand why investing in cybersecurity training is essential for organizations of all sizes.

Statistic 1

"As of 2021, the cybersecurity training market size is valued at $10.92 billion."

Statistic 2

"It is predicted that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.9% from 2021 to 2027."

Statistic 3

"By 2026, the cybersecurity training market is projected to reach $15.6 billion."

Statistic 4

"Small and Medium-sized Enterprises (SMEs) are expected to grow at the highest CAGR of 13.1% from 2021 to 2027."

Statistic 5

"As of 2021, North America dominates the cybersecurity training market, accounting for 40.8% of the global share."

Statistic 6

"As of 2021, almost 90% of cybersecurity teams globally find it challenging to hire skilled professionals."

Statistic 7

"The demand for cybersecurity training is highest in the Banking, Financial Services, and Insurance (BFSI) sector."

Statistic 8

"Approximately 68% of business leaders feel their cybersecurity risks are increasing."

Statistic 9

"As of 2020, there was a global deficit of over 4 million cybersecurity professionals."

Statistic 10

"More than half of all businesses globally have suffered a cybersecurity breach in the last 5 years."

Statistic 11

"Only about 38% of global organizations claim they are prepared to handle a sophisticated cyberattack."

Statistic 12

"New phishing websites increased 220% during the pandemic period."

Statistic 13

"Over 2020, ransomware attacks have gone up by nearly 150%."

Statistic 14

"43% of cyberattacks target small business, underscoring the need for them to invest in cybersecurity training."

Statistic 15

"The Healthcare industry has the highest cost of a breach – on average $9.23 Million per incident."

Statistic 16

"It is estimated that by 2025, businesses will suffer a cyber attack every 11 seconds."

Statistic 17

"33% of Americans have experienced identity theft, which is more than twice the global average."

Statistic 18

"77% of IT professionals indicate that their organizations don’t have a formal cybersecurity incident response plan."

The cybersecurity training industry is experiencing significant growth and demand due to the escalating cybersecurity threats faced by organizations globally. With the market size projected to reach $15.6 billion by 2026 and SMEs expected to grow at a high CAGR, it is evident that the need for skilled cybersecurity professionals is crucial. The statistics highlight the concerning rise in cyberattacks, particularly in sectors like BFSI and healthcare, emphasizing the imperative for organizations, especially small businesses, to invest in cybersecurity training. With a shortage of cybersecurity professionals, increasing cybersecurity risks, and a lack of preparedness among organizations, the industry must prioritize effective training and incident response planning to combat the evolving cyber threats effectively.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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