With the increasing incidents of Cybercrime, the data protection efforts are expected to create $35 billion revenue opportunity globally and job opportunity by the end of 2025 for India. This will create a million of opportunities for the Indians, informed the NAASCOM body on Monday.
Rajendra Pawar, Nasscom Chair Cyber Security Task Force said in New Delhi, “We estimate that cybersecurity is about $2.5-3 billion (roughly Rs. 16,635 crores – Rs. 19,962 crores) or about 2 percent of the close to $150 billion (roughly Rs. 9,981,46 crores) Indian IT sector. With the sector on track to reach $350 billion by 2025, we estimate 10 percent of this to be cyber-security,” According to him, this is going to create an opportunity for millions of people.
Indicating the rise of startups in the cybersecurity field, he further added, “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.”
An MoU signed last year mentioned that the cybersecurity has a lot of potential to create jobs and they also projected that there will be great earning with the help of cybersecurity. This was more like a task force, whose main aim was to position India as a global hub which will help in providing cyber security solutions, developing cyber security R&D plan and also developing a skilled security force which will be a part of the cyber security experts.
It was also estimated that the IT market will be growing 8% annually and the market would make $77 billion by the end of the year 2015. Their another estimate was that the demand for security workforce will rise globally to six million by the end of the year 2019.
In this initiative, the National Occupational Standards were launched for 10 cyber security job roles with the corresponding Qualification Packs (QP) in line with National Skills Qualifications Framework (NSQF).
Along with Data Security Council of India (DSCI) and a software security firm Symantec, Nasscom, today launched the National Occupational Standards, which will help in creating cyber security professionals across the country. Symantec has also taken up the responsibility of providing scholarships to 1,000 women who will be undertaking the cyber security certification by SSC NAASCOM.
Sanjay Rohtagi, senior Vice President of Asia Pacific and Japan at Symantec, said, “Building the next generation of cyber professionals is key to securing India’s critical information infrastructure, battling cybercrime and making the ‘Digital India‘ initiative successful.”
He further added, “As the global leader in cyber security, Symantec partners closely with governments and law enforcement agencies around the world. Leading on from our commitment in 2015, we continue to work closely with NASSCOM to build a cadre of world class, skilled and certified cyber security professionals in India, with a special focus on youth and women.”
President of NASSCOM R Chandrashekhar also adds that this initiative will help in curbing the crime as it will help in developing skilled youth.