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Deltek Issues New Report on Federal Big Data Spending, 2023-27

Deltek’s GovWin IQ unit has published its “Federal Big Data Market, 2023-2027” report, which analyzes the budget, policy, technology, and research and development environments influencing federal purchase of big data products and services.

Among other findings, Deltek expects spending in the federal big data market to increase from $8.0B in FY 2023 to $11.2B in FY 2027, an increase of 40% over the next 5 years. Deltek also wrote:

The push for Internet of Things, 5G, edge computing, artificial intelligence and machine learning drives investments in big data solutions that provide the foundation enabling these emerging technologies.  However, a lack of data-driven culture, data silos and incompatibility among systems stand to hinder data enablement in innovation, impacting agency investments in the short-term to address these challenges.

The report is written by Christine Fritsch, Sr. Principal Research Analyst, and Alex Rossino, Advisory Research Analyst. The report summary is available for free, though the full 118-page report has a retail price of $2,900.

Info Byte Source: iq.govwin.com

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