in ,

IDC: Defense IT Spending to See 1.6% Increase in FY 2016 to $30B

IDC: Defense IT Spending to See 1.6% Increase in FY 2016 to $30B - top government contractors - best government contracting event

data graph chartA new report by International Data Corp. projects Defense Department spending on information technology to grow at a 0.5-percent compound annual growth rate from fiscal year 2014 to fiscal year 2019.

The company said Tuesday its latest IDC Government Insights report indicates that the forecasted 1.6-percent increase in defense IT spending from $29.9 billion in fiscal 2015 to $30.5 billion next fiscal year follows a multiyear decline.

“The increases show slightly more spending targeted to cloud solutions and more spending targeted to security improvements,” said Shawn McCarthy, research director for IDC Government Insights.

“Beyond 2017, we don’t expect to see growth to be quite as robust as what we have seen between 2014 and the proposed 2016 budget year for DoD agencies.”

The report also pointed to DoD-wide services for common enterprise IT solutions as an area for growth opportunities during the forecast period.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Anna Forrester

Verizon Adds Infosys Software Suite to Cloud Offerings; Michael Reh Comments - top government contractors - best government contracting event
Verizon Adds Infosys Software Suite to Cloud Offerings; Michael Reh Comments
ImageWare Systems Licenses Biometrics Platform to Lockheed - top government contractors - best government contracting event
ImageWare Systems Licenses Biometrics Platform to Lockheed