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Australian Government Announced Investment of USD1.46 Million to Improve Cybersecurity Skills

The investment will be made at university level to reduce the skill shortage gap in cyber security domain.

Australia: The Australian government announced the investment of USD$1.46 million to universities that specialise in cybersecurity training, in a bid to improve the skills shortage situation in cyber security-related domain. The program will enable the universities to be recognised as Academic Centres of Cyber Security.

ACCSE (Academic Centres of Cyber Security Excellence) program will provide recognition to Australian universities which showcase high level cyber security education, training competencies and research capability. The program facilitates provision of cyber security specific qualifications and also provides flexibility for students to study cyber security as part of their curriculum in a range of various disciplines (Schools of Business, Legal, Teaching, Marketing, Engineering, Social studies and others).

TechSci Research depicts that with the governments initiatives taking part in improving cyber security, the major focus would be on developing professional and technical skills in the field of cyber security. This will play a catalytic role in the growth of cyber security market globally. Moreover, with the advancement in the technology, cyber security domain is going to witness a broader horizon.

According to a recently published report by TechSci Research, “Global Cyber Security Market By Security Type, By Solutions, By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass US$ 137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years. Though the global cyber security market is highly fragmented, Symantec Corporation emerged as the largest player in 2015, followed by BAE Systems PLC, Intel Corporation and Cisco Systems. Banking, Financial Services and Insurance (BFSI); IT & Telecom; defense; energy & power; retail; and healthcare have emerged as the key application areas where cyber security solutions are being increasingly adopted.

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