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Four growth areas in defense IT spending for 2021 to 2022
Deniece Peterson, GovWin from Deltek
March 11
The Department of Defense’s IT environment and surrounding landscape is undergoing a profound transformation. (monsitj/Getty Images)
While the overall Department of Defense budget in the Biden administration is expected to remain mostly flat, spending on information technology products and services should remain robust, according to a new report.
GovWin from Deltek’s recent Defense IT Priorities and Strategies, 2020-2022 report projects that the Department of Defense contractor-addressable IT market will show modest growth over a two-year period. Spend is expected to increase from $54.7 billion in FY 2020 to $55.7 billion in FY 2022 at a compound annual growth rate of 0.9 percent. This is expected to lead to more demand for advanced technologies such as 5G, cloud computing, cybersecurity, data analytics, artificial intelligence and autonomous sy ....

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