Recovery Expected in State and Local IT Spending
U.S., state and local government spending on information technology products and services will recover at a compound annual growth rate of 8 percent from $46 billion in fiscal year 2004 to over $64 billion in fiscal year 2009, according to a new study. The results came from an annual State & Local IT Market Forecast by INPUT, a market intelligence firm based in Reston, Va.
The forecast identifies communications/networks, software, and professional services outsourcing as the segments experiencing the highest growth rates in state and local spending, while spending in traditional areas such as hardware and maintenance of legacy systems will remain relatively flat or decrease over the next five years.
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