Deltek: Federal Cyber Spending to Hit $11.4B By 2018

CybersecurityA new Deltek report predicts that federal contracted spending on cybersecurity will reach $11 billion by fiscal year 2018, $2.4 billion more than fiscal 2013 figures.

Growing threats evolving regulations and advances in technology are among the factors highlighted as driving the investments, Deltek said Wednesday.

Deltek intends for the Federal Information Security Market FY 2013-2018 report to help government contractors gain insights on how to execute business strategies based on various areas of federal budget growth.

Agencies will spend on services and technologies intended to help update and secure systems, according to the Deltek GovWin IQ report.

“Keeping core security policies and protocols current while finding ways to get ahead of the threats requires investment in people and technologies, even in lean fiscal times, ” said John Slye, Deltek analyst.

Federal agencies will also need to address changing cybersecurity policies and mobility and cloud computing technologies will drive security requirements, the report says.

The report covers federal spending across security operations; planning, policy and program management; compliance; identity and access management; training, education and awareness and infrastructure security.

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