In today’s digital era, cybersecurity is everyone’s concern. An IT professional having an educational background and experience in cybersecurity can initiate a security business in this emerging industry. In this article, we intend to provide 20 highly lucrative and best cybersecurity business ideas and opportunities for your ready reference.
According to industry experts, the cybersecurity market is expected to grow to USD 231.94 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.0%.
The major forces driving the cybersecurity market are strict data protection directives and cyber terrorism. The cybersecurity market is growing rapidly because of the growing security needs of the Internet of Things (IoT) and Bring Your Own Device (BYOD) trends, and the increased deployment of web and cloud-based business applications.
Broadly, the cybersecurity market is segmented on the basis of various verticals. And the United States is the biggest market for cybersecurity services. This is due to technological advancements and the early adoption of cybersecurity in the region.
However, initiating a cybersecurity business demands a high level of skill, knowledge, and dedication. In addition to that, you must have good communication skills.
List of 20 Cybersecurity Business Ideas & Opportunities
Actually, cryptographer develops algorithms, ciphers, and security systems to encrypt sensitive information. Additionally, they try to find out whether there is any type of hidden information in the security system or not. They test regularly encrypted data, ciphertexts, telecommunications protocols. Basically, it is a specialized service that you can provide to the companies who need it.
#2. Cyber Security Specialist
If you are a cybersecurity specialist, then you can consider providing the service to the companies in exchange for an hourly fee. And your primary responsibilities are designing, testing, implementing, and monitoring security measures for your company’s systems. Basically, small organizations prefer outsourcing these services rather than keeping full-time employees.
#3. Forensic Expert
If you have an educational background in Computer Science or Engineering with a focus on Cyber Security, you can consider this business. Basically, a forensic expert is a digital detective. Generally, web-based companies look for this type of service for protecting their computers, networks, and other forms of data storage devices.
#4. Info Assurance Engineer
Starting a business in this field needs years of experience. Generally, an info assurance engineer analyzes networks to identify vulnerabilities and reduce breaches. Basically, you need to oversee the storing and processing of information within a company to make sure that it is secure. You can provide consulting services to various companies.
#5. Information Security Analyst
Primarily, as an information security analyst, you need to protect the information system of a company. Basically, you need to prevent, monitor, and respond to data breaches and cyber-attacks. Actually, these are becoming very common these days. And you can provide these specialized services to numerous companies.
#6. Malware Analyst
If you want to start a cybersecurity business that needs high specialization, you can consider this opportunity. Basically, it requires a large amount of focus and discipline as well as training and practice of the inner workings of computer systems. Additionally, it is a self-rewarding business.
#7. Network Architect
Generally, providing service as a network architect needs a specific IT degree, knowledge, and experience. Basically, your primary responsibilities are designing computer networks, including local area networks (LANs), wide area networks (WANs), and other data communications systems. This is a highly lucrative cybersecurity business that you can start even as home-based.
#8. Penetration Tester
Basically, you can provide the service as a penetration tester to several companies. Actually, it is ethical hacking. Generally, you need to perform formal penetration tests on web-based applications, networks, and computer systems. However, here your ultimate goal is to help an organization improve its security.
#9. Security Administrator
Generally, a security administrator protects systems against unauthorized access, modification, and/or destruction. There are several companies that look for this type of specialized service. Though you can provide the services as an individual consultant, building an organization ensures better revenue.
#10. Security Analyst
Generally, a security analyst provides a wide range of services to companies. However, some of the primary responsibilities include planning, implementing, and upgrading security measures and controls. Initially, you can start the business at home also.
#11. Security Architect
Actually, starting this type of cybersecurity business demands an educational background in Computer Science, Cyber Security, or a related field. Additionally, this type of specialized service-based business demands a lot of working experience in the IT and cybersecurity fields. However, this business demands moderate capital investment in infrastructure and quality manpower.
#12. Security Auditor
Generally, a security auditor audits the computer systems and their related security components to ensure safety and effectiveness. Also, he or she suggests the necessary changes and improvements for enhancing the overall security. This is a very lucrative cybersecurity business that you can start even from home. However, if you want to provide the service to a lot of companies, then you must establish an organization.
#13. Security Consultant
If you want to start a consulting business in the cybersecurity industry, then it is the perfect opportunity for you. An entrepreneur having sound knowledge, proficient educational background, and experience can initiate this business. Nowadays, the overall corporate spending on security consultants is increasing highly. So, you can tap this opportunity for making a profit out of this cybersecurity business.
#14. Security Engineer
Generally, it is a specific field of engineering. And as a cybersecurity engineer, you will suppose to build and maintain IT security solutions for an organization. Broadly, you need to take charge of the entire security issues and ongoing projects of the organizations that are your clients. The demand for this type of specialized service is always there.
#15. Security Manager
Broadly, a security manager manages the entire IT security segment of the organization. However, the specific demands vary from company to company. And you can provide the service to the organizations according to your specific knowledge and expertise. And definitely, starting this business demands sound technical skill and dedication to working long hours.
#16. Security Software Developer
Primarily, a security software developer develops security software according to the client’s specifications. In addition to that, you may need to integrate the security into applications software during the course of design and development. So, you must have a sound knowledge of programming. In addition to that, you must build an effective team to work with you.
#17. Security Specialist
Starting this type of cybersecurity business demands a specific educational background in the IT Security field. Primarily, your major responsibilities include designing, testing, implementing, and monitoring security measures for your client’s systems. Generally, companies hire these consultants in exchange for a high hourly rate.
#18. SOC Engineer
If you have an educational background in the IT security field, you can provide your service to the companies as SOC Engineer. Some of the major responsibilities include the review of security consoles and alerts, project participation, processing alerts, etc. Additionally, you must have the ability to effectively present information and respond to questions from the clients.
#19. Source Code Auditor
Actually, a source code auditor reviews source code to discover potential security weaknesses, bugs, and violations of programming conventions. Definitely, there are some automated code analysis tools for it. However, companies need manual checkups regularly. Hence, you can provide the service both on a home-based or on-site basis.
#20. Vulnerability Researcher
Generally, a vulnerability researcher scans applications and systems to identify vulnerabilities. In most cases, companies look for this type of expert in a crisis. However, as an outside consultant, you may need to perform other specific responsibilities. Additionally, this type of cybersecurity business demands high-degree knowledge and expertise.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.