Frost & Sullivan: Continuing Counter-terror Operations Sustain US DoD Budget for Special Operations Command
Analysis predicts stable funding up to 2018
MOUNTAIN VIEW, Calif. – Dec. 19, 2013 – U.S. Department of Defense (DoD) Special Operations Command (SOCOM) spending is anticipated to remain stable over the next few years, despite existing budget pressures. Investments in commercial off-the-shelf (COTS) products as well as networking and collaboration tools will rise as they lower overall costs and enhance efficiency.
New analysis from Frost & Sullivan’s US DoD Special Operations Command Budget (www.defense.frost.com) finds spending on military products and services stood at $10.09 million in 2012 and estimates this to reach $10.60 million in 2018.
For more information on this research, please email Jennifer Carson, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
“With the U.S. DoD SOCOM involved in direct operations, training or relationship building in over 100 countries, the need for operations and maintenance services as well as military system upgrades is on the rise,” noted Frost & Sullivan Aerospace & Defense Senior Industry Analyst Brad Curran. “U.S. policy to forge low-footprint, low-cost military relationships to achieve counter-terror objectives provides the foundation for budget and acquisition plans.”
The U.S. DoD SOCOM is also expected to spend on new platforms, especially training and ground mobility vehicles up to 2018. In terms of technology, expenditure will focus on incremental size, weight and power (SwaP) product improvements. Command, control, communications, computers, intelligence, surveillance, reconnaissance systems, training and simulation, as well as rotary wing applications will witness maximum growth.
However, the combined effects of sequestration, continuing resolutions, reprogramming, and overseas contingency operations is driving up costs, delaying real reform to the requirements process and stifling new technology implementation. This leads to uncertainty surrounding the budget and future U.S. DoD SOCOM programs, which hinders efficient research, development, testing, evaluation, procurement, and fielding of military systems.
This poses a further challenge for large system integrators, as they lose skilled engineers and become reluctant to invest in or acquire small firms with innovative technologies.
“Market participants should offer cost-effective, high-performance military systems in order to win more contracts with the U.S. DoD SOCOM,” said Curran. “They will also do well to extend reliable support services and build strong relationships with contractors.”
US DoD Special Operations Command Budget is part of the Defense Growth Partnership Services program, which provides global mega trends, information on emerging markets and the latest technology innovations, market, economic, customer, competitive, and best practices research. This CEO 360 degree perspective will enable your company to effectively plan your strategies for growth. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
US DoD Special Operations Command
Corporate Communications – North America
Linkedin: Frost & Sullivan’s Aerospace, Defence and Security Forum