Input predicts growth in knowledge management
- By Judi Hasson
- Sep 22, 2004
Input's Federal Knowledge Management MarketView
A new report predicts that the federal market for knowledge management solutions will grow by almost one-third in the next five years to more than $1.1 billion in fiscal 2009.
In the Federal Knowledge Management MarketView report, Input analysts predict that homeland security initiatives will continue to drive the market.
Since the terrorist attacks of Sept. 11, 2001, "knowledge management solutions have moved to the forefront of technology-related homeland security initiatives," said Chris Campbell, senior analyst in federal market analysis at Input.
The federal market for knowledge management solutions will grow from $850 million in fiscal 2004 to almost $1.1 billion in fiscal 2009, a 29 percent increase in spending, according to the report released Sept. 21.
Several factors are driving the increase, according to Input, such as heightened pressures to eliminate redundancies among agencies, improve information sharing for homeland security purposes and improve overall agency performance by capitalizing on a broader, interagency knowledge base.
The Office of Management and Budget is putting increasing pressure on federal agencies to improve performance with better investments, and agencies have been told to consolidate redundant systems and share applications with other agencies.
"We expect knowledge management spending to be more widespread across numerous agencies as they focus on homeland security as well as complying with federal management objectives," Campbell said.