Federal Big Data Market, 2019-2024
Published: October 30, 2019
Federal Market AnalysisBig Data
Deltek's Federal Big Data Market, 2019-2024 provides insights into the major technology, policy and budgetary influences shaping the federal demand for big data solutions over the next five years.
The amount of data generated by the federal government continues to grow exponentially, driving a critical need to improve data collection, classification, management, analysis and sharing to maximize its value for evidence-based decision-making. This challenge, combined with new legislation and polices such as the Evidence Act and Federal Data Strategy, continues to pressure agencies to enhance their data governance practices and drive demand for big data solutions. The lack of internal expertise requires agency investment in contracted services for data management and analysis. Agencies are turning to software-based solutions as well, procuring advanced analytics for visualization, simulation, modeling and predictive capabilities, while pilot programs explore artificial intelligence and other automated solutions. National security, health care, cybersecurity and research and development priorities are also leading the push for interoperable, machine-readable and sharable data.
Deltek forecasts federal demand for contractor-supplied big data goods and services will grow from $2.9 billion in FY 2019 to $4.3 billion in FY 2024 at a Compound Annual Growth Rate (CAGR) of 8.1%.
Key Findings
Critical Insight for Vendors
Deltek's Federal Big Data Market, 2019-2024 report analyzes the trends and drivers and spending patterns leading to a growth in the federal big data market.
The report provides:
Deltek's Federal Big Data Market, 2019-2024 report is delivered in PowerPoint® format, including a PowerPoint® Executive Briefing, and an Excel® data workbook.
Federal Big Data Market, 2019-2024
Introduction
Budget Environment
Big Data Market Trends and Drivers
Big Data Spending Trends
Deltek Big Data Market Forecast
Agency Analysis
Conclusions and Recommendations