Deltek: Federal Data Security Market to Hit $10B in FY 2019

DeltekA Deltek report predicts a 5.2 percent compound annual growth in the federal information security products and services market from fiscal 2014 to fiscal 2019.

John Slye, a Deltek advisory research analyst, wrote in a blog post published Thursday government spending on data protection tools is driven by the complex threat landscape and increased use of cloud computing, mobile and big data platforms.

The market research firm also forecasts that policies designed to protect critical infrastructure and difficulty in hiring skilled information technology professionals will also trigger federal cybersecurity investments, according to Slye.

He says the Department of Homeland Security‘s Continuous Diagnostics and Monitoring program and similar cyber initiatives could help agencies set IT budget priorities.

Deltek believes agencies could maximize their security posture by developing processes to connect technologies, strategies and personnel.

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