A new Deltek report shows that there are three trends in the federal cloud market to watch in fiscal year 2021 and one of those is the accelerated adoption of cloud-based capabilities by agencies, Federal Times reported Thursday.
The Department of Defense also expressed its commitment to spending on commercial cloud offerings. DoD expects to spend approximately $300M in FY 2021 funds on commercial cloud platforms.Â
Another trend is the governmentâ€™s increasing focus on â€œsound data management,â€ which incites agencies to adopt commercial cloud platforms.
The Federal Cloud Computing Market, 2020-2022 report from Deltek predicts federal investments in cloud services to grow at a compound annual growth rate of 4.6 percent to reach $7.8B by FY 2022, up from $6.8B in FY 2020.