Demand for Vendor-furnished Information Systems & Services is Expected to Reach $80.5 Billion in FY 2011.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c42230) has announced the addition of Federal IT Market Forecast FY 2006 - FY 2011 to their offering. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this report, Federal IT Market Forecast, FY 2006-FY 2011, the federal market demand for vendor-furnished information systems and services will increase from $63.3 billion in FY 2006 to $80.5 billion in FY 2011 at a compound annual growth rate of 5.0%. Having emerged from a period of crisis, highlighted by the Year 2000 bug n. 1. (Computers) an error in the coding of certain computer programs in which the year portion of dates was represented by only two decimal digits, assuming that the first two digits are "19". In such a program the the year 1975 is represented as "75". and the first Iraq war Iraq War: see under Persian Gulf Wars. Iraq War or Second Persian Gulf War Brief conflict in 2003 between Iraq and a combined force of troops largely from the U.S. and Great Britain; and a subsequent U.S. more than six years ago, the U.S. federal government is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of another critical period highlighted this time by the second Iraq war, domestic disasters in the Gulf Coast region, and the continuing budget deficit. However, the government's limited resources are being stretched in several different directions, which is the leading reason the U.S. Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch. has been working to curtail cur·tail tr.v. cur·tailed, cur·tail·ing, cur·tails To cut short or reduce. See Synonyms at shorten. [Middle English curtailen, to restrict spending in the federal Information Technology market. War and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States remain powerful drivers of federal spending on information technology in FY 2007, but the forces of IT systems consolidation, IT security initiatives, Lines of Business (LoB) initiatives, and a new focus on health information technology have begun to dominate new budget requests. Based on the most recent request to Congress, a much more modest growth is expected over the long term. The dramatic increases that were seen in federal IT spending during the past five years are clearly at an end. This report analyzes the trends outlined in the federal agency FY 2007 information technology (IT) budget requests. Based on our observation of the federal IT procurements and recent long-range IT plans, this report forecasts spending trends related to technology, acquisition processes and regulations. The report also notes key program developments that will shape the size and direction of this important marketplace. Topics Covered 1 INTRODUCTION 1.1 Scope 1.2 Methodology 1.3 Report Organization 2 EXECUTIVE SUMMARY 2.1 Information Technology Budget, FY 2007 2.2 Technology's Place in the U.S. Budget 2.3 Federal IT Budget Components 2.4 Agency Spending 2.5 Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. Trends 2.6 Major Market Trends and Drivers 3 FEDERAL IT ENVIRONMENT 3.1 FY 2006 Federal Budget 3.2Federal Budget Drivers 3.3 IT Market Drivers 3.4 OMB's E-Government Transformation Strategy 4 MARKET FORECAST AND TRENDS 4.1 Overall Federal IT Market 4.2 Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. 4.3 Software Products 4.4 Systems 4.5 Computer Hardware 4.6 Communications and Network Services 4.7 Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. 4.8 Information Security 4.9 E-Government 5 AGENCY FORECASTS 5.1 Civilian and Defense Agency Overview 5.2 Leading Civilian and Defense Agencies 5.3 Leading Non-reported Agencies 6 CONCLUSIONS AND RECOMMENDATIONS 6.1 Conclusions 6.2 Recommendations 7 FORECAST DATABASE AND RECONCILIATION 7.1 Federal IT Budget Forecast Database 7.2 Our Federal IT Expenditure Forecast Database 7.3 Reconciliation of our 2005 and 2006 Forecasts 8 TERMS AND DEFINITIONS For more information visit http://www.researchandmarkets.com/reports/c42230 |
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