Reston, VA (Vocus) June 12, 2009
INPUT, the leading authority on government business, has issued a report on the Obama Administration's FY2010 federal technology budget, uncovering many key new opportunities for the Development, Modernization and Enhancement (DME) of technology initiatives. The report, Growth and Opportunities in the FY2010 Federal Technology Budget Request, examines in-depth, the technology trends, initiatives and budgets that define the IT direction, scope and priorities of the new Administration.
"FY2010 marks the first formal budget request of the Obama Administration since the president signed into law the landmark economic stimulus package," said Deniece Peterson, principal analyst, Industry Analysis, for INPUT. "The Administration plans to spend approximately $1B more on new activities in the next budget over 2009, representing new areas of growth across multiple technology segments.
INPUT Key Findings
Double digit IT budget increases are requested for 6 agencies, including Commerce, Veterans Affairs, Education and GSA.
Veterans Affairs will see a 20 perecent bump in tech funding, representing an opportunity goldmine.
FY2010 saw a 132 percent increase in "newly funded" initiatives over FY2009.
The budget has more than 700 initiatives, worth more than $14B, in which three quarters of their activities are deemed new activities within DME. These initiatives tally more than $1B more than FY2009.
Despite the Administration's history-making stimulus package, agencies must still stretch IT investments longer to meet today's economic realities.
Report Author: Deniece Peterson, principal analyst, Industry Analysis, is available for media inquiries.
INPUT is the authority on government business. Established in 1974, INPUT helps companies develop federal, state, and local government business and helps public sector organizations achieve their objectives. Over 2,000 member organizations, including small specialized companies, new entrants to the public sector, and the largest government contractors and agencies, rely on INPUT for the latest and most comprehensive procurement and market information, consulting, powerful sales management tools, and educational and networking events. For more information about INPUT, visit http://www.input.com or call 703-707-3500.