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.

You may also be interested in...

Jay Lambke President GAI

Government Acquisitions Obtains SBA HUBZone Program Certification; Jay Lambke Quoted

Cincinnati, Ohio-based company Government Acquisitions Inc. has been accredited by the Small Business Administration under a program that seeks to provide economic benefits to government contractors from historically underutilized business zones.

Satellite launch

SpaceX Launches Satellite for Multinational Ocean Observation Effort

SpaceX has sent to space a satellite designed to monitor sea levels across the globe under a U.S.-U.K. partnership. The Sentinel-6 Michael Freilich satellite lifted off from Vandenberg Air Force Base on a mission to collect sea level data, support ship navigation and inform weather forecasts, NASA said Sunday.


KBR Gets $65M Navy Contract Modification for Base Support Services

KBR has received a one-year, $64.8M contract modification to carry out base operating support services at various U.S. Navy installations in Djibouti and Kenya.