Government I.T. to Decline

A new research project by Deltek forecasts demand for vendor-furnished information technology products and services by the U.S. government to decline from $121 billion in fiscal year 2012 to $113 billion in fiscal year 2017 at a compound annual growth rate of minus 1.4 percent.

Deltek predicts the information technology market will contract over the next few years as agencies look to reduce costs and achieve greater efficiencies. Pursuing these goals, agencies are streamlining and transforming I.T. by redefining priorities, strategies and methodologies to enable greater agility. Significant factors shaping the federal I.T. market:

>> Uncertainty around future budgets and the strain of current funding levels will drive agencies to reprioritize, rescope, cancel or delay programs.

>> Despite market contraction, opportunities will exist over the next five years in areas supporting I.T. transformation, including information security, data center consolidation, business system modernization, cloud computing, mobility and “big data” solutions.

 >> Although the federal I.T. workforce levels are more resilient than the overall workforce, skill gaps in critical areas — such as cybersecurity, cloud computing and program management — will help sustain the need for contractor support.

—More info: http://iq.govwin.com/corp/library/detail.cfm?ItemID=17421&utm_source=press-release&utm_medium=press-release&utm_campaign=FederalInfoTechMarket2012-2017&cmp=press-release_press-release_FederalInfoTechMarket2012-2017

A new research project by Deltek forecasts demand for vendor-furnished information technology products and services by the U.S. government to decline from $121 billion in fiscal year 2012 to $113 billion in fiscal year 2017 at a compound annual growth rate of minus 1.4 percent.

Deltek predicts the information technology market will contract over the next few years as agencies look to reduce costs and achieve greater efficiencies. Pursuing these goals, agencies are streamlining and transforming I.T. by redefining priorities, strategies and methodologies to enable greater agility. Significant factors shaping the federal I.T. market:

>> Uncertainty around future budgets and the strain of current funding levels will drive agencies to reprioritize, rescope, cancel or delay programs.

>> Despite market contraction, opportunities will exist over the next five years in areas supporting I.T. transformation, including information security, data center consolidation, business system modernization, cloud computing, mobility and “big data” solutions.

 >> Although the federal I.T. workforce levels are more resilient than the overall workforce, skill gaps in critical areas — such as cybersecurity, cloud computing and program management — will help sustain the need for contractor support.

—More info: http://iq.govwin.com/corp/library/detail.cfm?ItemID=17421&utm_source=press-release&utm_medium=press-release&utm_campaign=FederalInfoTechMarket2012-2017&cmp=press-release_press-release_FederalInfoTechMarket2012-2017

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