This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Deltek Study Reveals Growth Opportunities In A Declining Federal IT Market

Deltek, Inc. (Nasdaq: PROJ), the leading global provider of enterprise software and information solutions for government contractors and professional services firms, conducted a research study that identifies growth opportunities in the midst of a declining Federal IT market. According to the GovWin IQ study, with the recent and projected federal budget cuts, spending on information technology (IT) products and services by federal agencies is projected to experience a slight decline over the next five years and significant disruption that will create both opportunities and challenges for federal IT providers.

Deltek’s new report, Federal Information Technology Market, 2012-2017 , projects federal IT spending will decrease from $121 billion in 2012 to $113 billion by 2017 at a -1.4 percent Compound Annual Growth Rate (CAGR).

Budget pressures and IT mandates by the Obama administration are forcing agencies to drive cost savings and consolidation in their IT infrastructures. As a result, Deltek projects most agencies will have reduced IT budgets over the next five years.

However, budget and policy reforms, established as the first steps in forcing agency IT transformation, are driving investments in key areas of IT that represent growth opportunities for government contractors. Some of the most prominent investment areas are focused around cost-saving initiatives. These include analytics to ferret out waste, fraud and abuse in government programs, the adoption of cloud computing and the consolidation of redundant data centers and systems.

In addition, the expanding role of the federal government in areas such as health care, foreign affairs and cybersecurity is driving investment in the underpinning resources and systems that support these initiatives. “While the overall market is declining, we see some pockets of opportunity that companies can tap into to soften the impact on their business,” says Deniece Peterson, Director of Deltek’s GovWin IQ Federal Industry Analysis program.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs