DESPITE ECONOMY, US FEDERAL IT MARKET EXPECTED TO GROW TO $98.5 BILLION BY 2012, SAYS COMPASS INTELLIGENCE SCOTTSDALE, Arizona, December 18th, 2008– According to research from CompassIntelligence.com, the US Federal Government will spend roughly $98.5 billion on IT goods and services by 2012. This year the US federal government market (Including defense and civilian) is expected to spend roughly $80.6 billion on information technology including telecom, applications, outsourcing, services/support, network hardware, computer hardware, and IT personnel. The annual growth rate last year was 6.5 percent, compared to only 5.3 percent in 2008. Next year, 2009, will experience slightly better growth rates reaching 5.5 percent. Compass Intelligence offers 5 year forecasts detailing breakouts by Civilian and Defense, as well as by 15 civilian and defense departments. Major trends and opportunities revolve around replacement of legacy hardware, focus on mobile workforce, maturity of E-government, growth in a high-tech military, greater emphasis on cybersecurity, and a focus on green technology initiatives. "Federal government IT spending is expected to remain rather steady, despite economic conditions. State and local governments are expected to feel more of the pain from this current recession," says Stephanie Atkinson, Managing Partner at Compass Intelligence. A highlight of the research is provided below:
§ Application spending is expected to be the fastest growing segment, experiencing annual growth between 8.6 and 9.8 percent.
§ Telecom services spending will be driven by wireline data (IP Telephony) and broadband services, as well wireless data investments.
§ The Defense segment represents about two-thirds of total Federal Government IT spending.
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