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Deltek: Accelerated Cloud Adoption, DoD Spending Among Federal Cloud Market Trends to Watch in FY 2021

Cloud computing
Cloud computing

A new Deltek report shows that there are three trends in the federal cloud market to watch in fiscal year 2021 and one of those is the accelerated adoption of cloud-based capabilities by agencies, Federal Times reported Thursday.

The Department of Defense also expressed its commitment to spending on commercial cloud offerings. DoD expects to spend approximately $300M in FY 2021 funds on commercial cloud platforms. 

Another trend is the government's increasing focus on “sound data management,“ which incites agencies to adopt commercial cloud platforms.

The Federal Cloud Computing Market, 2020-2022 report from Deltek predicts federal investments in cloud services to grow at a compound annual growth rate of 4.6 percent to reach $7.8B by FY 2022, up from $6.8B in FY 2020.

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