Mary-Louise Hoffman
A new Deltek report predicts that federal spending on information security will reach $12.0 billion in fiscal 2021, up from $9.3 billion during fiscal 2016, as cybersecurity continues to be a priority for many agencies.
The federal information security spend projection represents a 5.3 percent compound annual growth rate over the next five years, Deltek said Thursday.
The company also forecasts that adoption of big data, cloud and mobility platforms, information technology modernization initiatives and governmentwide policies that require integration of cybersecurity requirements into IT acquisition and management processes will drive agencies to invest in security products and services.
“The federal cybersecurity landscape remains as complex and robust as ever, with agencies working to address wide-ranging issues from stopping intrusions and patching legacy systems to identifying insider threats and maintaining deterrence,” said John Slye, advisory research analyst at Deltek.
“Security requirements will continue to be the backdrop for all things IT and drive changes in policy, request for proposal language, vendor system requirements and workforce development,” added Deniece Peterson, director of Deltek’s research business.
Deltek also found that defense organizations aim to secure conventional domain tools and tactics as well as to incorporate defensive and offensive cybersecurity systems into military operations.
A demand for skilled operators is also projected to support demand for contractor services primarily in the civilian sector, the company said.
