- The key vendors in the Federal IT Market in the US 2015-2019 are Accenture plc, Computer Sciences Corp. (CSC), Dell Inc., Hewlett-Packard (HP) Co. and International Business Machines (IBM) Corp.
London, 24 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Federal IT Market in the US 2015-2019. Increased collaboration and information sharing is one of the key trends emerging in the market. The Department of Homeland Security launched the vUSA to encourage the state and local governments in collaboration and information sharing. vUSA builds on the efforts of local and state agencies to acquire and share critical information on demand, visualize the information and provide fast analysis, and support critical decision making. The market is expected to post a CAGR of 1.67 percent during the period 2015-2019.
The federal government has been making continuous investment toward IT over the past decade, though there have been cuts at the rate at which IT spending pattern has been carried out. The federal government has heavy IT investment in major civilian agencies such as Department of Commerce, Veterans Affairs, Treasury, Homeland Security, Transportation, Agriculture, NASA, Health and Human Services, Justice, Energy and Social Security Administration.
“The critical need to protect networks from advanced cyber threats and enhance IT infrastructure have led the federal government to increase adoption of multiple security measures such as web security, email security, data loss prevention, endpoint security, and network security solutions,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
