The volume, complexity and criticality of federal data continues to grow exponentially, challenging agencies’ ability to capture, store, analyze and share. The importance of data for both mission-critical and daily operational decision-making continues to grow, requiring more sophisticated tools and expertise to maximize its value. Federal agency leadership realizes the value of big data and analytics investments in driving mission outcomes, modernizing and assessing security capabilities, and improving citizen services, and continue to develop and implement big data strategies. Deltek takes a strategic at how federal agencies are utilizing big data investments and the drivers behind the growing market.
Deltek forecasts federal demand for vendor-furnished big data products and services will grow from $2.3 billion in FY 2017 to $3.0 billion in FY 2022 at a Compound Annual Growth Rate (CAGR) of 7%.
Policy and legislative initiatives targeting agency IT modernization will be a cornerstone of growth and progress in big data technology investments.
R&D continues to be a key area of big data investment, with agencies funding projects on exascale computing, application development, data-based decision making, and cybersecurity.
Services dominate agencies’ big data-related procurement, with over half of obligations going towards services such as analysis support and data management services.
A critical enabler of big data investment will be the expansion of the role and influence of agencies’ Chief Data Officers, who are growing in number and quietly becoming important drivers of agency big data policy and acquisition strategies
Critical Insight for Vendors
Deltek’s Federal Priorities Spotlight: Big Data report takes a strategic 5-year view of the market factors shaping federal procurement of commercial cloud computing services.
The report provides:
Big data policies, trends and related technologies influencing the market.
Analysis of government-wide and agency-specific spending on big data.
Forecasted contractor-addressable federal spending on big data.
Recommendations to help contractors evaluate the impact of trends on their businesses.
Deltek's Federal Priorities Spotlight: Big Data report is delivered in PowerPoint® format, including a PowerPoint® Executive Briefing, and an Excel® data workbook.