According to a new report, published by KBV research, The Global Cyber Security Training Market size is expected to reach $14.95 billion by 2031, rising at a market growth of 16.8% CAGR during the forecast period.
The Industry Standard Certifications segment is capturing the maximum revenue in the Global Cyber Security Training Market by Certification in 2023; thereby, achieving a market value of $9 billion by 2031. Industry-standard certifications validate an individual's skills and knowledge in cybersecurity, providing employers with confidence in their ability to perform specific cybersecurity roles and tasks. Many cybersecurity job roles require industry-standard certifications as a prerequisite for employment. These certifications can open up job opportunities that may not be available to individuals without them. Some industries, such as government, healthcare, and finance, have compliance requirements that mandate certain cybersecurity certifications for employees. Meeting these requirements often necessitates obtaining industry-standard certifications.
The Enterprises segment is exhibiting a CAGR of 16.6 % during the forecast period. Enterprises often deal with sensitive intellectual property that needs to be protected from cyber threats. Cybersecurity training teaches personnel how to effectively safeguard intellectual property and the significance of doing so. Investing in cybersecurity training can help enterprises save money in the long run by reducing the likelihood of costly security breaches. Employees who have undergone sufficient training demonstrate enhanced proficiency in identifying and mitigating cyber threats, thus contributing to the reduction of organizational disruptions.
The Online Training segment is generating the highest revenue in the Global Cyber Security Training Market by Training Type in 2023; thereby, achieving a market value of $7 billion by 2031. By eliminating the requirement for travel and lodging, online training is frequently more economical than conventional classroom-based training. This makes it an attractive option for organizations looking to provide cybersecurity training to many employees. In addition, online training courses are readily adaptable to incorporate the most recent advancements and trends in the field of cybersecurity. This ensures that learners receive up-to-date and relevant training in the current cybersecurity landscape. These factors drive the demand for online training.
The Self-pace Training segment is registering a CAGR of 16.2 % during the forecast period. Self-paced training is an optimal solution for individuals seeking to balance their training with other obligations or for professionals who are occupied with activities that require them to learn at their own pace. This flexibility appeals to many learners who prefer to study at their convenience. Self-paced training can improve the retention of information, as learners can revisit material as often as needed to reinforce their understanding. This can lead to a deeper understanding of cybersecurity concepts and better preparation for certification exams or real-world scenarios.
The Foundational Cybersecurity led dominated the Global Cyber Security Training Market by Content in 2023; thereby, achieving a market value of $4.2 billion by 2031. With the rise in cyber threats such as ransomware, phishing, and malware attacks, organizations recognize the importance of a strong cybersecurity foundation. Foundational training helps individuals understand these threats and learn how to protect against them. Data is valuable for organizations and protecting it from cyber threats is paramount. Foundational training helps individuals understand the importance of data protection and learn best practices for securing sensitive information.
The Telecom & IT segment is growing at a CAGR of 15.6 % during the forecast period. Cyber attacks frequently target the IT and telecom industry because of the sensitive nature of the data it processes. The escalating sophistication and development of cyber threats necessitate an expanding demand for cybersecurity training to equip organizations with the necessary skills to repel such threats. The IT & telecom sector constantly evolves, with new technologies such as 5G, IoT, and cloud computing creating new cybersecurity challenges. Cybersecurity training helps organizations adapt to these changes and secure their networks and systems. These factors drive the rising demand for cybersecurity training in the IT & telecom sector.
Full Report: https://www.kbvresearch.com/cyber-security-training-market/
The North America region dominated the Global Cyber Security Training Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.3 billion by 2031. The Europe region is anticipated to grow at a CAGR of 16.4% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 17.7% during (2024 - 2031).
By Certification
By Target Audience
By Training Type
By Delivery Method
By Content
By Industry
By Geography
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