Why are Cyber Security Jobs in High Demand in Singapore?

As an increasing number of businesses in various industries face the challenge of data breaches, the need for proficient cybersecurity experts is surging. With the advancement of technology and more businesses transitioning online, safeguarding information is becoming a top priority. This trend indicates that individuals with proper cybersecurity qualifications and skills will likely thrive in the foreseeable future.

 If you are intrigued by the prospect of making a career in cybersecurity in Singapore, in this article we have covered everything from the importance of cybersecurity in Singapore to cybersecurity job market trends in Singapore to help you.

The Role of Cybersecurity in Singapore’s Economy

In 2021, the market value of Singapore’s cybersecurity products and services was SGD 1.7 billion (USD 1.3 billion), which has tripled since 2015. The market is expected to increase by 13.3 percent from 2022 to 2027. The government has implemented various initiatives to strengthen the country’s cybersecurity defenses.

The average cost of a cybersecurity breach in Singapore is approximately SGD 1.7 million (USD 1.3 million) per incident, which is the highest in the Asia-Pacific region. Therefore, strengthening cybersecurity measures can have a positive impact on the country’s economy.

The Growth of Cybersecurity in Singapore

Over the past few years, Singapore has experienced significant growth in its cybersecurity industry, driven by increasing demand for cybersecurity solutions and services across various sectors, including government, healthcare, finance, and education.

The government’s efforts to establish Singapore as a cybersecurity hub and a trusted digital ecosystem have also contributed to this growth, resulting in the emergence of new startups, collaborations between industry players, and the expansion of existing cybersecurity companies. Singapore’s cybersecurity industry is expected to continue to grow in the coming years, providing significant job opportunities and driving economic growth.

The Singapore government is investing SGD 1 billion until 2023 in its cyber and data security systems, and the Association of Singapore Banks has introduced measures to enhance digital banking security. The government has also launched initiatives to manage cybersecurity risks across the supply chain, which are expected to boost the demand for cybersecurity. 

How Has the Rise of Cloud Computing Increased the Need for Cybersecurity Professionals in Singapore?

The growth of cloud deployment is driving market growth as more Singaporean businesses recognize the cost and resource-saving benefits of cloud-based solutions. As a result, demand for on-demand security services is increasing, and cloud platforms and ecosystems are expected to drive digital innovation in the coming years.

The deployment of cloud-based cybersecurity services has mostly increased among SMEs, and many companies are entering Singapore to meet the growing demand for these services. This segment is expected to drive the market with a higher CAGR.

Key Industries Driving Cybersecurity Growth in Singapore

The following are the primary industries classified by product type, deployment, and end-user industry:

  • Product Type:
  • Solutions
  • Application Security
  • Cloud Security
  • Consumer Security Software
  • Data Security
  • Identity Access Management
  • Infrastructure Protection
  • Integrated Risk Management
  • Network Security Equipment
  • Other Solution Types
  • Services


  • Deployment:
  • On-Cloud
  • On-Premise


  • End-user Industry:
  • Aerospace and Defense
  • Banking, Financial Services, and Insurance
  • Healthcare
  • Manufacturing
  • Retail
  • IT and Telecommunication
  • Other End-user Industries

Demand for Cybersecurity Professionals in Singapore

  1. Singapore is a prime destination for a cybersecurity career for several reasons, including the high demand for cybersecurity professionals worldwide, the shortage of talent, and the growth potential of the industry. 
  2. The increase in cybercrime and conflicts between nations in cyberspace has fueled the need for more cybersecurity professionals, resulting in a significant increase in funding for cybersecurity startups. 
  3. In Singapore, the Cyber Security Agency (CSA) estimates a shortage of 3,400 cybersecurity professionals, offering a tremendous opportunity for individuals seeking a cybersecurity career.

Reasons to Consider Singapore for a career in Cybersecurity

There are three main reasons to consider a cybersecurity career in Singapore. 

  • First, the demand for technically skilled professionals is high, making it an “iron rice bowl” career choice, akin to stable professions like doctors and lawyers. 
  • Second, salaries for cybersecurity professionals are competitive, with entry-level positions paying SGD$51,000 and senior positions offering roughly SGD$88,000. 
  • Finally, cybersecurity offers quick career progression and growth potential due to the increasing complexity of information technology systems and the need for continued upskilling to defend against sophisticated cyberattacks.

At the Centre for Cybersecurity (CFC), students acquire highly technical and relevant skills, resulting in a higher-than-average starting salary of SGD $57,600. Graduates also leave with well-documented portfolios that showcase their technical abilities, making them highly desirable to hiring managers and companies. The Skills Future Framework for Infocomm Technology chart also offers many paths for career advancement in the cybersecurity industry in Singapore.

Skills in High Demand for Cybersecurity Jobs in Singapore

A proficient cybersecurity expert must possess the following abilities:

  1. Strong analytical skills and the ability to identify patterns in data
  2. Confidence in decision-making and a proactive attitude
  3. Capability to work effectively under pressure and within tight schedules
  4. Attention to detail, logical reasoning, and objective thinking
  5. Good time management and organizational skills
  6. Creative thinking and problem-solving abilities
  7. Excellent communication skills with the flexibility to adapt to different audiences
  8. Sound understanding of confidentiality regulations and laws
  9. Curiosity and interest in the IT industry

Qualifications Needed for Cyber Security Jobs in Singapore

To pursue a career in cybersecurity, enrolling in any of the following degree programs can provide a stepping stone:

  • Information Technology
  • Cybersecurity
  • Computer Science
  • Forensic Computing
  • Network Engineering
  • Networks and Security
  • STEM subjects such as Mathematics or Physics.

You can also enroll in certificate courses like Systems Security Certified Practitioner (SSCP) and

Certified Information Systems Security Professional (CISSP)

What Are the Job Prospects for Cybersecurity Consultants in Singapore’s Finance and Banking Sector?

There is a high demand for cyber-security graduates in Singapore, as the country is expected to require 1.2 million more digital workers by 2025, indicating a 55% surge from current levels. 

Below, a few of the roles in the finance and banking sectors for cybersecurity experts are mentioned.

  • Principal Cyber Security Consultant
  • Cyber Security (Financial Services) Senior Consultant, Technology Consulting
  • Systems Engineer
  • IT Auditor
  • IT Security Analyst
  • Network Architect
  • Systems Security Architect

What Are the Emerging Trends in IoT and Industrial Control Systems Cyber Security Jobs in Singapore?

The Internet of Things (IoT) plays a significant role in the advancement of various fields such as manufacturing, health, energy grids, and electric vehicles. It connects physical objects and the internet, offering a vast range of opportunities and conveniences, but at the same time, it exposes sensitive data and critical infrastructure to potential security breaches. The massive amount of data generated by IoT devices also poses security risks, especially in cloud computing and blockchain in smart homes, factories, and cities. 

To address these concerns, cybersecurity measures must priorities identifying vulnerabilities in IoT devices and strengthening security mechanisms such as privacy, access control, data storage, and authorization. Organizations need to develop a cybersecurity strategy that adapts to rapidly evolving technologies and responds effectively to cybersecurity threats. Thus, it is creating a myriad of job opportunities in Singapore.

What are the Key Responsibilities of a Cybersecurity Analyst in Singapore’s Government Agencies and Organization?

A cybersecurity analyst is responsible for various tasks, including but not limited to 

  • Developing contingency plans in preparation for potential cyber-attacks.
  • Carrying out ethical hacking to simulate security breaches.
  • Identifying potential vulnerabilities and risks in the system.
  • Implementing protective measures such as firewalls.
  • Monitoring the company’s system for any security breaches. 
  • Conducting investigations into security alerts and breaches.
  • Writing reports for both technical staff and non-technical individuals. 
  • Keeping up-to-date with the latest developments in cyber security.
  • Researching emerging threats.
  • Evaluating different security products.
  • Advising staff on security issues such as phishing and spam.
  • Securing the privacy of the company’s servers and users.


In conclusion, a cybersecurity career in Singapore presents numerous advantages, including competitive pay, strong demand, and recognition through prestigious awards and honors. With the cybersecurity industry poised for further growth, we are here to provide our support if you are considering a career in this field.

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Frequently Asked Questions

Is cyber security a good career in Singapore?

There is a high demand for cyber-security graduates in Singapore, as the country is projected to require an extra 1.2 million digital workers by 2025. This represents a 55% surge from the current levels.

Which university is the top one in Singapore for cyber security?

National University of Singapore. In collaboration with the NUS School of Computing, the Bachelor of Technology (Cybersecurity) program is provided by the National University of Singapore (NUS).

Is cybersecurity in demand in Singapore?

Despite reports of job losses, the demand for positions in this field remains high across the globe. According to a LinkedIn report on Singapore's job trends for 2023, two of the top 10 fastest-growing occupations were related to cybersecurity.

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