Meet the Largest Purchaser of IT Goods and Services in the World
Market Research Media announces a series of market reports covering the U.S. Government information technology market.
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SAN FRANCISCO, CA, May 26, 2009 /24-7PressRelease/ -- Updated January 2012: The United States Government is the largest purchaser of IT goods and services in the world. Market Research Media announces a series of market reports covering the U.S. Government information technology market:
The Obama Administration has started an overhaul of the entire Federal IT organization, betting on new technologies, "rent, not buy" principle and open source. With a cumulative market valued at $518 billion (2013 - 2018), the U.S. Federal IT market is expected to grow steadily - at about 3% CAGR over the period 2013 - 2018. The projected growth rate of 3% is less than historical average 6% in the first decade of 21st century, reflecting not only struggling economy and budget pressures but also confidence in better performing government IT machine at lower costs.
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