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Growing Demand for Cloud Services

Research firm Deltek expects federal demand for cloud services to grow by more than 2.5 times by 2020.

Research firm Deltek expects federal demand for cloud computing services to grow to $6.2 billion by 2020, a 21.4 percent compound annual growth rate. Deltek made the forecast in, “Federal Priorities: Cloud, Big Data, Mobility, and Data Centers, 2015–2020,” in October 2015. Here is a snapshot of how Deltek expects the market to expand: 

Fiscal Year 2015: $2.35 billion

Fiscal Year 2016: $3.1 billion

Fiscal Year 2017: $3.85 billion

Fiscal Year 2018: $4.8 billion

Fiscal Year 2019: $5.8 billion

Fiscal Year 2020: $6.2 billion

 

Feb 24 2016

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