When the Obama administration’s 2017 budget was released in February, it showed that IT spending was set to grow 1.8 percent, up to $89.9 billion over last year’s total, with about $51.3 billion designated for civilian agencies.
This was positive news for the defense and tech contractors that serve the federal government, but the uptick may not be a sign of things to come. According to the analysts at Deltek, federal IT spending will actually decline over the next five years as agencies attempt to modernize aging IT infrastructure and reduce duplicative technologies and investments.
The Federal Information Technology Market report released earlier this month estimates total federal IT spending declining from $99.8 billion in fiscal 2016 to $98.3 billion by 2021.
Keep reading this article at: http://www.nextgov.com/cio-briefing/2016/07/deltek-federal-it-spending-remain-flat-over-next-5-years/129890