DC, recently called “the Silicon Valley of cybersecurity,” is leading the way in both cyber and physical access security, such as biometrics. Security tech in DC has already seen steady increases in both public and private sector demand.
With a consistent increase in the amount of sensitive data being used in government and business functions, the growth of the Internet of Things, an uptick in high-profile data breaches, and the use of new IT systems in federal offices, DC’s security technology industry is poised for continued growth.
DC’s security technology sector includes firms that provide products, services and training to meet this growing demand across various areas: Network security and risk management; Protection of data and physical assets; Security compliance; Identity and access management (e.g. biometrics, smart cards, tokens, and authentication technologies); Threat monitoring and detection
$2.8 Billion Growth Projected
The federal information security market was valued at $7.8 billion in FY15 and is projected to be valued at $10 billion in FY20, nearly 30% increase in just five years.
Source: Federal Information Security Market, 2015-2020
27,246 Cybersecurity Job Postings
The DC metro area had nearly 30,000 cybersecurity job postings in 2015, outpacing the next 2 markets (New York @ 17,982 and Silicon Valley @ 13,869) highlighting the extremely active market and customer demand.
Source: Cybersecurity Jobs Report
350% more Cybersecurity Pros in the Washington, D.C., Area
A recent report by Data Tribe highlights DC’s high density of talent in cybersecurity, finding the population of cyber engineers and analysts throughout the Washington Beltway is 3 ½ times as big as the rest of the U.S. combined.
Why Security Technology Companies Choose DC
High Customer Demand
DC is close to many large customers with strong security technology needs. The federal information security market alone is expected to grow from $7.8 billion in 2015 to $10 billion in 2020 (Federal Information Security Market, 2015-2020). Hospitals, large businesses, think tanks, financial institutions, and other DC-based businesses have a demonstrated, strong demand for security technology.
Most Educated Workforce In America
According to a 2016 U.S. Census Bureau community survey, DC is the most educated metropolitan area in the country. In addition to ample policy and national security expertise, DC has a tech-savvy workforce to support cyber and security technology ventures. Cushman & Wakefield ranked DC the #3 Tech City in America in 2017.
Proximity to Policymakers
With unparalleled proximity to federal policymakers, regulatory agencies and thought leaders, DC is an ideal place for companies seeking to influence policy and operate in regulated industries.
Culture of Entrepreneurship
DC is home to many incubators and co-working spaces that support growing security technology companies such as 1776 and DCode42. The DC metro area also has several accelerators focused on security technology such as Mach37 and the Center for Innovative Technology.
Access to Emerging Technologies
The District of Columbia sits at the center of the densest concentration of federally funded R&D in perhaps the entire world. Federal research labs are producing cutting-edge technologies for national security uses, but many of these inventions have broader potential applications. These labs are a rich source of potential new business opportunities for entrepreneurs seeking to expand their product offerings.
Resources for Security Technology Companies:
- DC Biz Cap programs
- Work Opportunity Tax Credit, On the Job Training and Apprenticeship Programs
- Qualified High Technology Company tax incentives
- Visit incentives.dc.gov a searchable database of all incentives and other District support programs
- Procurement Technical Assistance Center (Department of Small and Local Business Development)
- DC Fed Tech
- SBIR/STTR (Federal Government)
Learn more about DC’s Security Technology Industry in the 2017 DC Economic Strategy Report.
Trustify is the first technology platform to connect clients across the United States to the only nationwide network of highly trained, vetted private investigators. Trustify Co-founders, Jennifer Mellon and Danny Boice, built a business that would change the world for the better. As serial entrepreneurs who founded four startups collectively, they started Trustify on the premise that it would have a social mission, be fully data-driven and built by the most talented and diverse team. Trustify provides affordable, confidential, on-demand access to experienced professionals – without the typical large retainer charged by most traditional private investigation agencies.
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