Federal Health IT Market Poised for Growth

Investments in health IT systems and services by federal government agencies will increase from $4.5 billion in 2011 to $6.5 billion in 2016 at a compound annual growth rate of 7.5 percent, according to a new GovWin report from research firm Deltek.

“Federal Health Information Technology Market, 2011-2016” explores the federal health IT market environment and future trends and their anticipated impact on vendors, VARS, systems integrators, and federal contractors over the next 5 years.

The federal IT market is seeing unprecedented change that will transform the market over the next decade, moving from a slow but stable market to one that will change continuously in many ways, the report notes. The eventual future of federal IT is one of continuous services that can be accessed by an increasing variety of devices connected via clouds.

Read more at: http://healthcareitnews.com/news/federal-health-it-market-poised-growth

Source: Healthcare IT News