Not only has the COVID -19 pandemic driven the adoption of cloud technologies, but it has also caused organisations to rethink their IT infrastructure strategy. 2021 saw a continued increase in new fintech businesses and digital banks setting up here in Singapore – The newly issued Digital Bank License by the MAS and Chinese Crypto and Tech companies expanding their footprint here have also contributed to this growth. Most of these organisations we spoke to are adopting a cloud-first strategy.
In fact, Gartner forecasted that 85% of organisations will adopt a cloud-first strategy by 2025, translating to an increase in demand for Cloud Security and Data Security professionals. Candidates strong in cloud, encryption, authentication, cryptography and PKI technologies were highly sought after. The ongoing crunch in Cyber Security talents here in Singapore has seen more organisations open to upskilling candidates with relevant skillsets – training blockchain architects to become blockchain security experts, and cloud engineers to become cloud security engineers.
Our market and salary report uses data gathered from our extensive network, cross-referencing with senior stakeholders and new vacancy registrations and highlights hiring challenges, insights, the cyber security talent landscape and salary benchmarking in Singapore.