Federal IT market poised to hit $111.9B by 2015

In the next five years, information technology contractors will see the federal market for their services increase by a compound annual growth rate of 5.4 percent to a total of $111.9 billion by 2015, according to market research firm Input.

That figure compares to the $86 billion in federal IT spending expected this year. Input also projected that the cybersecurity market will grow from $8 billion this year to $12 billion by 2015 — a compound annual growth rate of 8 percent.

Input expects the outsourced portion of the IT budget to grow at a faster rate than the IT budget overall. By 2015, total IT spending will hit $121.4 billion at a compound annual growth rate of 4.9 percent.

Read more about this projecton at Washington Technology.