Ever wonder where that tax money goes? Well at least $30 billion of it in 2013 went towards federal IT projects, that's according to a survey released by Research and Markets. Compare that to the worldwide spending on IT projects in 2013 was approximately $3.7 trillion, that makes the US government one of the top IT employers. The budget forecast for 2015 is a whopping $73 billion!
The spending was made by more than 1,500 different contracting offices. However, the top 25 offices, in terms of total dollars awarded for IT services, comprise the majority, 53%, of IT service contract spending. It makes little sense to devote extensive resources to offices that are awarding fewer and smaller contracts.
According to the survey the big spenders in the government were the defense agencies, followed by the military.
A fresh new approach was used to study how the Federal IT market spends resources on service contract awards. The top 25 offices were analyzed looking at spending patterns in relation to agencies and offices, procurement vehicles and prime contractors. The criterion used was spending by office, procurement vehicles used, program offices supported, reliance on small business, and services provided.
This report focuses on the top 25 offices in order to assist companies in concentrating their resources where they have the right capabilities, contract vehicles, and relationships for approaching these offices with a better chance of creating new partnerships and opportunities.
The complete report is available on the Research and Markets website.