Federal spending on information technology will grow 5% annually from now until 2012, according to the market research firm Input.
Growth will be slow in 2007 and 2008 due to appropriations delays and discord between the priorities of the new Democratic-controlled Congress and the Bush Administration, but will resume to a more historical norm in 2009, Input said.
Kevin Plexico, executive vice president, said the increased need for information sharing combined with stagnated federal employment levels are significant market drivers impacting IT spending. In efforts to achieve long term efficiencies, federal agencies will focus spending on system consolidation and modernization initiatives to reduce IT infrastructure management costs and free up money for mission oriented applications.
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|Title Annotation:||Washington Insider|
|Date:||Apr 6, 2007|
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