Deltek estimates contractor-addressable spending on the U.S. government’s mission-critical programs will increase by $18 billion to about $682 billion in fiscal year 2017 if Congress approves the White House’s latest budget request.
The company’s “FY 2017 Federal Budget Request: Challenges and Opportunities” report examines potential business opportunities the $1.14 trillion discretionary spending plan offers to the GovCon sector, Deltek said Thursday.
The report forecasts continued growth in the federal cybersecurity, big data analytics, healthcare information technology and infrastructure segments despite a projected small decline in overall contractor-addressable IT spending for FY 2017.
“Government demand looks particularly strong for.. areas that align with the Obama administration’s focus on modernization, healthcare and veteran’s services,” said Deniece Peterson, Deltek’s director of federal industry analysis.
Federal spending on IT contracts is forecast to reach $97.9 billion in fiscal 2017, down from $99.4 billion last fiscal year.
Obama’s budget proposal also provides additional funds for the Defense Department‘s force readiness and research and development programs, Deltek noted.