Five Technology Trends That Will Transform the Federal Government

With a bigger push toward saving costs, markets for virtualization, cloud computing and open-source software expected to soar.

Five major technology trends will likely transform the federal government over the coming years, says market research firm Input. Driven by the need to implement cost-saving initiatives, technologies such as cloud computing, virtualization, service-oriented architecture, open-source software and geospatial technologies will be implemented on a broad scale.

The study projects the federal cloud computing market to grow from $370 million in 2009 to $1.2 billion in 2014 at a 27% compound annual growth rate (CAGR). The virtualization market, meanwhile, is poised to increase from $800 million to $1.4 billion over the next five years.

Federal government spending on open-source software is expected to grow from $290 million to $430 million, a rate of 8%, while the federal SOA market will grow from $330 million to $660 million, at a rate of 17%, and the federal market for geospatial technology is expected to increase from $860 million to $1.4 billion, at a rate of 8%.

"Nearly half of federal and IT industry professionals surveyed by Input believe these technologies will have a major impact on their technology environment despite concerns over security and up-front costs," the reports states. "[President Barack] Obama administration initiatives, along with efforts to save costs and energy, will [spur] government decision-makers to increase adoption of emerging technology projects."

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