State and local government spending on information goods and services is projected to grow at a 3.3 percent rate between now and 2019, increasing to $70 billion from $60.4 billion over that period. This would mark the third consecutive annual forecast of better than 3 percent growth.
However, government contractors looking to make the most of this market may want to pick and choose their business development targets.
State governments are likely to be the most robust consumers in the market. Deltek’s research into state budgets found that state-level IT spending grew almost 5 percent over the past year, and will likely continue at this rate or better over the next few years.
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