Cybersecurity $35 bn opportunity, to create 1mn jobs: Nasscom

Increasing incidents of cyber attacks and data protection efforts globally are expected to create USD 35 billion revenue opportunity and employment opportunities for about a million professionals by 2025 for India, IT industry body Nasscom said today.
"We estimate that cybersecurity is about USD 2.5-3 billion or about 2 per cent of the close to USD 150 billion Indian IT sector. With the sector on track to reach USD 350 billion by 2025, we estimate 10 per cent of this to be cybersecurity," Nasscom Chair Cyber Security Task Force Rajendra Pawar said here.
He added that this will create an employment opportunity for about a million people as well.

"Another important aspect will be start ups. We expect to see about 1,000 start ups coming up in this area. This is because these smaller companies are light footed and yet have the best of technologies. Also, there has been a lot of investor interest in this area as enterprises look to stay secured against rising incidents of cyber attacks," he said.
Last year, Nasscom had set up the task force, aimed at positioning India as a global hub for providing cyber security solutions, developing cyber security R&D plan and developing a skilled workforce of cyber security experts.
It had estimated the IT security market to be about USD 77 billion in 2015 and growing at over 8 per cent annually. It had estimated demand for security workforce to rise globally to six million by 2019, up from 4 million in 2015, with projected shortfall of 1.5 million.

Nasscom, along with Data Security Council of India (DSCI) and security software firm Symantec, today launched the 'National Occupational Standards' for 10 cyber security job roles, aimed at creating a pool of certified cyber security professionals in the country.

Symantec has also instituted scholarships to 1,000 women undertaking the cyber security certification by SSC NASSCOM.
Mr. Nitish Jain, President of S P Jain added, "We are
confident that our students will learn the very latest in Cybersecurity, including tools and techniques to counter threats posed by the fast-evolving world of cyberterrorism. Companies and governments, not just in India but across the world, need professionals with expertise in this domain, and it is our goal to provide them with the best talent." Professor Uriel Reichman, President of IDC shared, "IDC is the leading private university in Israel and our International Institute for Counter Terrorism is well recognised globally. Our partnership with S P Jain will give great impetus to the globalization of our offerings as well as provide practical and academic insights in combating international terrorism." About SP Jain School of High Technology: SP Jain School of High Technology offers in-depth specialist training, enabling students to sense how emerging technologies create or enable new business models, reshape the economy and the way businesses operate. SP Jain School of High Technology offers a suite of certification courses in the field of emerging technologies such as Virtual Reality, Machine Learning and Cybersecurity.

Starting in January 2017, these courses are designed to develop emerging technology experts who are able to apply the latest technologies and strategies to create cutting-edge solutions and solve complex business problems. SPJ-HT is an affiliate of the highly ranked S P Jain School of Global Management.
Click here [http://www.Spjainhightech.Com ] to read more. About IDC Herzliya Founded by renowned Israeli Professor, Uriel Reichman in 1994, IDC Herzliya is a non-profit organization modeled after Ivy League universities in the U.S. In the twenty years since its establishment, IDC Herzliya's success has drawn both international recognition and some of the finest lecturers and researchers from around the world. In 2014, the IDC Herzliya was ranked the most successful academic start-up institution in Israel and outside of the United States, ranking 1st in Israel and 21st in the world. Click here [https://www.Idc.Ac.Il/en/Pages/home.Aspx ] to read more.

Media Contact:
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S P Jain School of Global Management
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