Federal agencies spent a record $64.7 billion on IT contracts in fiscal 2018, according to research released last week by Bloomberg Government.
The nearly $65 billion spent represents a 9.5 percent increase over fiscal 2017 levels, and includes higher levels of spending in cybersecurity ($6.4 billion), cloud computing ($4.1 billion) and almost a doubling of other transaction authority spending, to $4.2 billion from $2.3 billion.
IT spending jumped in both civilian and defense agencies. Across the Defense Department, IT contract spending grew by about 12 percent to $33.8 billion — the highest nominal spending figure ever for the Defense Department, and highest adjusted for inflation IT contract spending since 2012.
Keep reading this article at: https://www.nextgov.com/cio-briefing/2019/01/agencies-spent-record-647b-it-contracts-2018/154510/
