Federal Cloud Spending Has Stalled, Report Says

Federal Cloud Spending Has Stalled, Report Says
The federal government’s spending in cloud computing has temporarily stalled, according to a market intelligence firm.

The report, a four-year forecast through 2021 developed by IDC Government Insights, estimates a drop from $2.6 billion in fiscal 2016 to $2.2 billion in fiscal 2017—a 17 percent drop across all types of cloud solutions.

Shawn McCarthy, IDC Government Insights research director, called the decrease an “anomaly” given the multiyear double-digit growth trajectory cloud had been on. It appears to be a small blip; the forecast predicts federal cloud spending will reach $3.3 billion by fiscal 2021.

Read the full article on Nextgov

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