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Cyber Security

The document discusses cybersecurity industry trends in Baltimore, Maryland. It notes that Fort Meade and the U.S. Cyber Command are located there, creating high demand for cybersecurity professionals and real estate. Additionally, the U.S. Naval Academy is building a new $100 million cybersecurity center. Passage of pending cybersecurity legislation would further increase demand among private companies. Baltimore has developed a strong local IT industry, benefitting from its proximity to government in Washington D.C. Government employment and defense contracting in cybersecurity have increased significantly in the Baltimore area.

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0% found this document useful (0 votes)

388 views2 pages

Cyber Security

Uploaded by

Anonymous Feglbx5

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CYBERSECURITY

Baltimore Industry Highlights December 2012

Government IT Priority Rankings
Fort Meade and the U.S. Cyber Command are located in the Baltimore Metropolitan area, creating tremendous demand for professionals and real estate to accommodate this growing industry. Additionally, the U.S. Naval Academy has recently announced plans to develop a $100 million on-campus Center for Cybersecurity Studies to coincide with its new Cyber Operations major. Congress will soon revisit the Cybersecurity Act of 2012, a bill designed to regulate security standards for computer networks running major transportation and utility systems. Passage of this bill would increase demand for cybersecurity services nationwide among private companies.
100% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 90% 80% 70% 60% 50% 40% 30% 20% 39% 10% 0%

27% 27%

26% 26%

39% 39% High Priority High Priority Moderate Priority Moderate Priority 39% 39% Low Priority Low Priority

34% 34% 38% 38%

85% 85%

39% 36% 36%

22% 22%

12% 12% 3% 3%

Source: The Martin Source: The Lockheed Lockheed Martin *Includes *Include custom Cyber Security Cyber Security Alliance & Alliance & systems faci Market Connections, Inc. computer computer sy Market Connections, Inc.

Big Cybersecurity Big Data Data Cloud Cloud Mobile Mobile Cybersecurity Computing Computing DevicesDevices

Sou Source: BLS,

Total Government Jobs in Baltimore

The recent 2006 BRAC movement relocated approximately 14,200 government and military jobs to Baltimore, creating a significant demand for a robust cybersecurity industry. Fort Meades supply of high-level tech jobs and demand for a highly educated workforce has been a perfect match for Baltimore, one of the highest educated metropolitan areas in the country. University of Maryland Baltimore County created Marylands first Masters in Professional Studies in Cybersecurity and partners with many of the top government contractors to train students at the UMBC Center for Cybersecurity Training.
240 Government Employment (in thousands) Government Employment (in thousands) 240

230

220

210

200

2002 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source: U.S. Labor Statistics Source: U.S. Bureau of Bureau of Labor Statistics

200

40% 30%

39%

Low Priority

Baltimores IT Industry - National Landscape

While computer-related industries have historically been located on the West Coast, Baltimore has developed a local industry that rivals much larger national markets.
39%

20% 10% 0% 120

39%

36% 22% 12% 3%

Defense Contract Procurement & IT Employment Source: The Lockheed Martin Cyber Security Alliance &
Market Connections, Inc.

Big Data

Cloud Computing

Mobile Devices

Cybersecurity

100

Government Employment (in thousands)

Close proximity to government decision makers in Washington D.C. has provided Baltimore with a distinct High Priority geographical advantage. Maryland Congressman Dutch 85% Ruppersberger, whose 2nd District includes both Fort Moderate Priority Meade and Aberdeen Proving Ground, spent four years 39% as Chairman of the Technical and Tactical Intelligence Low Priority Subcommittee, which oversees the countrys cybersecurity agencies.
22% 12% 3%
Mobile Devices Cybersecurity
Source: The Lockheed Martin Cyber Security Alliance & Market Connections, Inc.

80 Employment (in thousands)

8 $ in Billions

60
240 40

230 20

*Includes custom computer programming, computer systems design, computer systems facilities management, other computer-related services Source: BLS, Census12 Bureau, Moodys, Cassidy Turley Research

0 220

120

Baltimore

Dallas

Los Angeles San Francisco Silicon Valley

210 Northern Baltimore - Washington Corridor Office Market

100

Fort Meade, located within the Northern Baltimore-Washington Corridor and home to 200 the National Security Agency, Defense Information Systems Agency and U.S. 60 6 2002 Cyber Command, has acted as a catalyst for both Class A office demand and 40 4 speculative office development.
Employment (in thousands) $ in Billions

2003

2004

2005

2006

2007

2008

2009

2010

2011

Source: U.S. Bureau of Labor Stat

ncludes custom computer programming, computer systems design, uter systems facilities management, other computer-related services

Source: BLS, Census Bureau, Moodys, Cassidy Turley Research

Construction has remained consistent since 2006, despite a severe national 0 0 21% recession. More than one-third of existing Class A space in the Northern Baltimore Dallas Los Angeles San Francisco Baltimore-Washington Corridor has been delivered over the past six years with a steady Silicon Valley 20% stream of projects in the pipeline. Station Ridge delivered another 87,000 square foot facillity in the fourth quarter of 2012 and the National Business Park has a 140,000 19% square foot facility currently under construction with additional facilities in the pipeline.
Class A Vacancy Rates - Northern BW Corridor
22% 21%

22%

Class A Construction Pipeline Northern BW Corridor

18% 17% 16% 15% 14% 13%

2005

2006 2007 20%

19% 18% 17% 16% 15% 14% 13%

2008

2009

2010

2011

2012

Source: U.S. Bureau of Labor Statistics

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12
Source: Cassidy Turley Research Source: Cassidy Turley Research

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12
Source: Cassidy Turley Research

About Cassidy Turley Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clientsfrom small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate servicesincluding capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.