Cyber Security Training Market Size Projected to Garner USD 19.2 Billion by 2032 growing at 17.1% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

The Global Cyber Security Training Market Size is predicted to reach USD 19.2 Billion by 2032 from USD 4.1 Billion in 2022, at a CAGR of 17.1% between 2023 and 2032, as per the Acumen Research and Consulting

In recent years, the importance of cybersecurity training has surged across various industries due to the escalating frequency and sophistication of cyber threats. Industries ranging from finance to healthcare, manufacturing to retail, have recognized the critical need to fortify their defenses against cyber attacks. With the proliferation of digital technologies and the increasing interconnectivity of systems, organizations are increasingly vulnerable to data breaches, ransomware attacks, and other malicious activities.

One significant driver behind the increased emphasis on cybersecurity training is the growing recognition of human error as a major cybersecurity risk. Many high-profile breaches have been attributed to simple mistakes made by employees, such as falling victim to phishing scams or using weak passwords. Consequently, organizations are investing heavily in training programs to educate their staff on best practices for cybersecurity, including how to identify and respond to potential threats. This includes everything from basic cyber hygiene practices to more specialized training for IT professionals tasked with managing and securing company networks. Furthermore, regulatory requirements and industry standards are also pushing organizations to prioritize cybersecurity training. Governments around the world are enacting stricter data protection laws, such as the European Union's General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which mandate organizations to implement adequate security measures and provide training to employees handling sensitive data.

Cyber Security Training Market Analysis

Cyber Security Training Market Statistics

  • Global cyber security training market value was worth USD 4.1 Billion in 2022, with a 17.1% CAGR from 2023 to 2032
  • North America cyber security training market share occupied around 35% in 2022
  • Asia-Pacific region is expected to expand at the highest CAGR between 2023 and 2032
  • By type, the online training segment captured the largest market share in 2022
  • Growing demand for skilled cybersecurity professionals, propel the cyber security training market revenue

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Cyber Security Training Market Trends

The cybersecurity training market has experienced significant growth in recent years, driven by the escalating threat landscape and the increasing recognition of the importance of cybersecurity across industries. As organizations continue to digitize their operations and rely more heavily on interconnected systems and data, the demand for skilled cybersecurity professionals capable of defending against evolving threats has surged. This demand has translated into a booming market for cybersecurity training services and solutions. Factors contributing to this growth include the rising number of cyber attacks targeting organizations of all sizes, the expanding regulatory landscape mandating cybersecurity training and compliance measures, and the growing adoption of advanced technologies such as cloud computing, IoT, and AI, which present both new opportunities and challenges in terms of cybersecurity.

Moreover, the COVID-19 pandemic has further accelerated the growth of the cybersecurity training market. The rapid shift to remote work and increased reliance on digital tools and platforms have exposed organizations to a host of new cyber threats, including phishing scams, ransomware attacks, and data breaches. In response, businesses are ramping up their investments in cybersecurity training to ensure that their employees are equipped with the necessary skills and knowledge to mitigate these risks effectively. As a result, the cybersecurity training market is poised for continued expansion as organizations prioritize cybersecurity as a core component of their overall risk management strategy.

Cyber Security Training Market Segmentation   

Acumen Research and Consulting has segmented the global cyber security training market by type, delivery method, training content, certification, industry, and region.

  • By type, the industry is categorized into online training, bootcamps, and classroom training.
  • By delivery method, the market is divided into self-pace training, blended training, and instructor-led training.
  • By training content, the market is classified into foundational cybersecurity, compliance training, technical skill training, cybersecurity leadership, emerging technologies training, and others.
  • By certification, the market is split into industry standard certifications, and vendor specific certifications.
  • By industry, the market is bifurcated into BFSI, healthcare, IT &telecom, government/defense, energy, manufacturing, and others.
  • By region, the market is classified into Asia-Pacific, North America, Europe, Latin America, and the MEA.

Cyber Security Training Market Regional Overview

According to the cyber security training industry analysis, the Asia-Pacific region is emerging as a key growth area in the cybersecurity training market, driven by several factors including rapid digitization, expanding internet penetration, and increasing awareness of cyber threats. As countries across the region undergo digital transformation and embrace technologies such as cloud computing, IoT, and AI, the need for robust cybersecurity measures has become paramount. This has created a surge in demand for cybersecurity training services and solutions to equip organizations with the skills and knowledge needed to defend against cyber threats effectively. Furthermore, the Asia-Pacific region is home to a diverse and dynamic business landscape, encompassing both established multinational corporations and a burgeoning startup ecosystem. As businesses of all sizes grapple with the challenges of securing their digital assets and protecting sensitive information, there is a growing realization of the importance of investing in cybersecurity training to build a strong cybersecurity posture.

Cyber Security Training Market Players

Some of the prominent cyber security training market companies are CanIPhish, Fortinet, Cofense, Inspired eLearning, Digital Defense Incorporated (DDI), Webroot, Google LLC, Kaspersky, Infosec IQ, TitanHQ (SafeTitan), KnowBe4, NINJIO, Thoma Bravo (Proofpoint), PhishingBox, and SANS Institute.

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Mr. Frank Wilson

Acumen Research and Consulting

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