Cloud computing takes the lead in government IT spending

The U.S. government has been pushing its cloud-first agenda hard in the past few years in an attempt to improve data center consolidation efforts as well as collaboration between government agencies. In 2011, The Federal Cloud Strategy proposed allocating $20 billion of the total $80 billion IT spend on cloud computing.

Since the release of the report, there have been numerous barriers to adoption, namely distrust of cloud computing among many federal agencies – despite repeated proclamations from federal CIO Tony Scott that cloud computing is safe.   A new study reveals that this may change in the not-too-distant future…

 

Cloud computing spend on the rise
 

Cloud computing spend for the 2015 fiscal year reached $2.4 billion, according to Deltek’s new report, "Federal Priorities: Cloud, Big Data, Mobility, and Data Centers, 2015-2020." This only represents 2 percent of the government’s eventual benchmark of $20 billion. However, the report also projected that cloud spend would inflate to approximately $6.2 billion by the 2020 fiscal year, a value that equates to a compound annual growth rate of 21.4 percent. This CAGR outpaces that of all other areas of federal IT spend. It also correlates with a projected CAGR of -0.7 for overall federal IT spending…

Read more from the source @ http://unicomgov.com/blog/?p=1409