in ,

Study: Data-Sharing Programs to Drive Federal IT Market Growth

Study: Data-Sharing Programs to Drive Federal IT Market Growth - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

cyber, computerThe federal information technology sector is forecast to experience an annual growth rate of 1.67 percent over the next five years, according to a market report from Reportstack.

Reportstack said Monday data sharing and collaboration among government agencies are among the key trends that will drive the market through 2019.

The departments of Homeland Security, Justice and Veterans Affairs, NASA and the Social Security Administration invest heavily in IT systems, the report states.

According to the report, rising cyber threats have prompted federal agencies to implement tools designed to secure networks and prevent data loss.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Accenture Survey: 50% of US Adults Seek Mobile Access to Social Services - top government contractors - best government contracting event
Accenture Survey: 50% of US Adults Seek Mobile Access to Social Services
ReportsnReports Forecasts Double-Digit CAGR for Global Healthcare 3D Printing Market - top government contractors - best government contracting event
ReportsnReports Forecasts Double-Digit CAGR for Global Healthcare 3D Printing Market