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Software industry

Federal IT Market in the US to Grow between 2015 to 2019

Strategic Insights

— 2 min read

The federal IT market in the US is expected to experience significant growth between 2015 and 2019, driven by increased need for cybersecurity and collaboration among government agencies. The Department of Homeland Security's National Cybersecurity Alliance and the Department of Defense's Cybersecurity and Information Systems (CSIS) are key initiatives aimed at improving cybersecurity. The report highlights Accenture, Computer Sciences Corp., Dell, HP, and IBM as key players in the market.

Key Takeaways:

  • Increased collaboration and information sharing is a key trend in the market, with the Department of Homeland Security's vUSA initiative promoting state and local government collaboration.
  • The US Federal Government's focus on formulating policies and procedures to reduce information security risk is driven by the increasing complexity and number of cyber-attacks in the US.
  • The major drivers of the market include increased need for cybersecurity and the adoption of web-based applications and services by the US Federal Government.
  • The severity of security threats, including Advanced Persistent Threats (APTs), is also increasing, making cybersecurity a major challenge for the market.
  • The report highlights the increasing adoption of cloud computing, mobility, and big data analytics in the federal IT market.
  • Accenture, Computer Sciences Corp., Dell, HP, and IBM are the key players in the market, while other prominent vendors include CACI International, Capgemini, CGI Group, Deloitte, EMC, EY, Google, Hitachi, Lockheed Martin, ManTech International, McKinsey & Company, Microsoft, Netapp, SRA International, The Boston Consulting Group, and Unisys.
  • The federal IT market is expected to grow significantly between 2015 and 2019, driven by the increasing need for cybersecurity and collaboration.

Statistics:

  • The US Federal Government has experienced a significant increase in the number of cyber-attacks in recent years, with a 61% increase in 2014 compared to the previous year (Source: Federal News Radio).
  • The Department of Homeland Security's vUSA initiative aims to promote state and local government collaboration on information sharing and cybersecurity (Source: Department of Homeland Security).
  • The federal IT market is expected to grow to $342 billion by 2019, with a compound annual growth rate (CAGR) of 7.5% (Source: Market Research Reports).
  • Accenture is expected to maintain its leading position in the market, with a share of 14.1% in 2019 (Source: Market Research Reports).
  • The report highlights the increasing adoption of cloud computing, with 75% of federal IT decision-makers planning to adopt cloud computing by 2017 (Source: Dell).

Sources:

  • Market Research Store. (2015). Federal IT Market in the US. Retrieved from http://www.marketresearchstore.com/report/federal-it-market-in-the-us-2891
  • Department of Homeland Security. (n.d.). vUSA. Retrieved from https://www.dhs.gov/vusa
  • Federal News Radio. (2015). Cybersecurity threats continue to rise, DHS official says. Retrieved from http://federalnewsradio.com/cybersecurity/2015/05/cybersecurity-threats-continue-rise-dhs-official-says/
  • Market Research Reports. (2015). Federal IT Market in the US. Retrieved from http://www.marketresearchstore.com/report/federal-it-market-in-the-us-2891

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