52,438 page views this month35,933 readers this month
GoCardless
Steve Morgan
Analyst Index · Cybersecurity

Steve Morgan

Founder and Editor-in-Chief, Cybersecurity Ventures
59%
Accuracy
8 of 14
Analyst ranking
5
Predictions scored
8
Still to fall due
2 right1 half right1 mostly wrong1 wrong
Scored predictions5
Right · 100%We predict the same number of openings in 2025Leadership & GTM · made May 2023 · due Dec 2025

What happened. Cybersecurity Ventures' Dec 2025 almanac says unfilled jobs remain at 3.5 million (or less) in 2025. ISC2, using a different method, put the global workforce gap at 4.8 million in 2024 and stopped publishing a gap figure in 2025. The firm's own 2025 figure matches the forecast; ISC2's gap measure is not like for like, so the score rests on Cybersecurity Ventures' figures. Sources: cybersecurityventures.com, isc2.org.

Source: Cybersecurity Almanac 2023 (Cybercrime Magazine)

Caveat. No independent evidence available. Scored on Cybersecurity Ventures’s own figures.

Specific · long-range · counts 1.5Forecast 3.5 million unfilled jobs · actual 3.5 million unfilled jobsLow confidence
Mostly wrong · 25%We expect brisk hiring in the cybersecurity space for the rest of this year, and through 2025.Leadership & GTM · made Mar 2023 · due Dec 2025

What happened. Hiring held up in 2023, then stalled. ISC2 found the global security workforce grew just 0.1% in 2024, with 38% of respondents reporting hiring freezes and 25% layoffs. Its 2025 study found hiring freezes steady and layoffs at 24%. Right for 2023, but 2024 and 2025 brought flat headcount, hiring freezes and layoffs rather than brisk hiring. Sources: isc2.org, isc2.org.

Source: Cybersecurity a bright spot amid tech layoffs (FOX Business)

Trend call · long-range · counts 0.75Medium confidence
Wrong · 0%We predict that women will represent 30 percent of the global cybersecurity workforce by 2025Leadership & GTM · made Sep 2022 · due Dec 2025

What happened. ISC2's 2024 Cybersecurity Workforce Study found women make up 22% of security teams on average, and ISC2 cites a Global Cybersecurity Forum report putting women at 24% of the workforce. No measure found shows women near 30%. Independent measures put women at 22-24% of the workforce, well short of 30% and below the 25% Morgan said they already held in 2022. Sources: isc2.org.

Source: Women Hold 25 Percent Of Cybersecurity Jobs Globally In 2022 (Cybercrime Magazine)

Specific · long-range · counts 1.5Forecast 30% · actual 22%Medium confidence
Half right · 50%cost the world $30 billion in 2025 aloneCybersecurity · made Apr 2022 · due Dec 2025

What happened. The article never defines cryptocrime. On a losses basis, Chainalysis counts over $3.4bn stolen in 2025 plus about $17bn lost to scams and fraud, roughly $20bn. On an illicit-volume basis, Chainalysis puts 2025 at a record $154bn+ (TRM Labs: $158bn), driven by sanctions evasion. On either measure the figure rose from the $17.5bn 2021 baseline, but the $30bn forecast is more than 25% away (about $20bn of losses, or $154bn of illicit volume). Sources: chainalysis.com, chainalysis.com, chainalysis.com, trmlabs.com.

Source: Cryptocrime To Cost The World $30 Billion Annually By 2025 (Cybercrime Magazine)

Specific · long-range · counts 1.5Forecast $30bn · actual $20.4bnLow confidence
Right · 100%Cybersecurity Ventures predicts the cyberinsurance market will grow from approximately $8.5 billion in 2021 to $14.8 billion in 2025Cybersecurity · made Nov 2021 · due Dec 2025

What happened. Munich Re estimates the global cyber insurance market totalled nearly US$15bn in 2025, with premium growth slowing over the previous three years. The forecast of $14.8bn for 2025 is within about 1% of Munich Re's independent estimate of nearly $15bn. Sources: munichre.com, businessinsurance.com.

Source: Cyberinsurance Market To Reach $34 Billion By 2031 (Cybercrime Magazine)

Specific · long-range · counts 1.5Forecast $14.8bn · actual $15bnHigh confidence
Still to fall due8 predictions
  1. Dec 2026Cybersecurity Ventures predicts that global spending on cybersecurity products and services will hit $522 billion annually (USD) in 2026, up from $260 billion in 2021.Cybersecurity · made Dec 2025 · source
  2. Dec 2031will propel global spending on cybersecurity products and services to $1 trillion (USD) annually by 2031Cybersecurity · made Nov 2025 · source
  3. Dec 2031Cybersecurity Ventures predicts that Y2Q will arrive on or around Jan. 1, 2031.Cybersecurity · made Mar 2025 · source
  4. Dec 2027Cybersecurity Ventures predicts the global security awareness training market will exceed $10 billion annually by 2027Cybersecurity · made Apr 2023 · source
  5. Dec 2031and that will reach 35 percent by 2031Leadership & GTM · made Sep 2022 · source
  6. Dec 2031by 2031 that will climb to 50 percentCybersecurity · made Aug 2022 · source
  7. Dec 2025by 2025, 35 percent of Fortune 500 companies will have board members with cybersecurity experienceCybersecurity · made Aug 2022 · source
  8. Dec 2031and exceed $34 billion by 2031, based on a CAGR (compound annual growth rate) of 15 percent over an 11-year period (2020 to 2031)Cybersecurity · made Nov 2021 · source
Steve Morgan’s right of replyAnalysts can answer any verdict on their profile in up to 250 characters, once VETTDD has verified them. Replies appear after we approve them.