Key economic indicators for the cybersecurity industry over the next five years. Credit: Thinkstock In 2004, the global cybersecurity market was worth $3.5 billion — and by 2017 it will be worth at least 35X that amount, according to numerous estimates from market researchers and analysts.Cybersecurity is one of the fastest growing and largest technology sectors. Four predictions from Cybersecurity Ventures frame the cybersecurity economy over the next five years, from 2017 to 2021. (Disclaimer: Steve Morgan is founder and CEO of Cybersecurity Ventures.)Global spending on cybersecurity products and services to combat cybercrime will exceed $1 trillion cumulatively over the next five years, from 2017 to 2021.Cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.There will be 1.5 million cybersecurity job openings by 2019, up from 1 million in 2016. By 2019, the demand for cybersecurity professionals will increase to approximately 6 million globally.The cybersecurity umemployment rate will remain at 0% over the next 5 years, from 2017 to 2021. Related content feature Cyber NYC boosts the Big Apple's cybersecurity industry New York City Economic Development Corp. launches Cyber NYC to foster public-private partnerships focused on building a vibrant cybersecurity community and talent pool in the largest U.S. city. By Steve Morgan Feb 06, 2018 6 mins Internet Security IT Skills Careers opinion Young girls are society's future cyber crime fighters There are lots of opportunities for girls in cybersecurity. The problem is they don't know what those opportunities are. Parents and guidance counselors can help. By Steve Morgan Feb 05, 2018 5 mins Internet Security IT Skills Careers analysis Why healthcare cybersecurity spending will exceed $65B over the next 5 years Hospitals and healthcare providers remain under cyber attack, causing organizations to spend more to protect their systems and patient data. By Steve Morgan Feb 02, 2018 15 mins Data Breach Cyberattacks Hacking news Cybersecurity M&A deal flow: List of 200 transactions in 2017 Rising tide of mergers and acquisitions in the trillion-dollar cybersecurity market. By Steve Morgan Jan 26, 2018 35 mins Data and Information Security Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe