GEIA sees rapid IT growth

Federal government spending on information technology is expected to grow to $67.1 billion by fiscal 2008, an increase of $14 billion over planned 2003 spending, according to a new market forecast by an IT trade association.

The Government Electronics and Information Technology Association is predicting that by 2008, spending on defense IT will hit $34 billion, up from a planned $26.6 billion in 2003. Spending by civilian agencies will reach $33.1 billion, up from $26.5 billion.

The estimates are based on Office of Management and Budget documents and interviews GEIA conducts with defense and civil agency leaders, industry officials and analysts. The full results of the forecast were the cornerstone of GEIA's annual conference Oct. 29-31 in Tysons Corner, Va.

The real winners in the battle for discretionary dollars are the Department of Defense and homeland security initiatives, said Mary Freeman, chairwoman of GEIA's budget forecast and director of business development for the government unit of Verizon Communications Inc., New York.

 

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