The state, local and education (SLED) market analysis team at GovWin+Onvia just published the fourth edition of its annual report covering the top areas of growth in the B2G market, “10 Hotspots in Government Contracting for 2018”. The report reveals areas where SLED government bids and RFPs have been growing at particularly high rates.
To provide a look at the types of growth areas found in the report, we’ve put together an infographic highlighting the top 10 areas of government contracting in 2018, which you can download below:
Many Growth Areas in State, Local and Education Bids and RFPs
The overall state, local and education (SLED) market is one of the biggest areas of opportunity for vendors across all industries. But the market is fragmented and complex, with tens of thousands of agencies releasing more than 450,000 competitive business opportunities each year.
GovWin+Onvia uses an unrivaled database of government market intelligence to make this market manageable for government contractors. Our platform features information on current, future, and historical transaction information in the government market across all regions and industries.
Looking at the overall numbers of government bids and RFPs helped the team at GovWin+Onvia determine some similar themes affecting the SLED marketplace, including the following:
- Addressing Underfunded Pensions: An upcoming wave of retirees is fueling strong growth in contracts for financial consulting and investment.
- Adopting Technology: Cities and counties are looking to stand out as smart, sustainable places to live and do business by adopting new technological ideas and solutions.
- Enhancing Safety: The increased focus on gun violence has placed a greater emphasis on safety for both public citizens as well as law enforcement personnel.
- Improving Education: School districts are embracing online and computer-aided teaching methods, and making efforts to better serve children with special needs.
- Protecting the Environment: One effect of global warming is the erosion of coastlines, which is why many states are spending more on coastal engineering and restoration.
- Pursuing Efficiency: Reducing risk in construction contracts and outsourcing of vehicle maintenance are two ways agencies are seeking more efficiency and cost-savings.
These themes are by no means the only areas of opportunity for government contractors, but they do highlight some of the fastest-growing sectors in the market. This report highlights those trends, demonstrates why they are occurring and explains what your business needs to do to take advantage.
If you’d like to know where the SLED market is headed in the next 12 months, and where the top growth industries are, click below to request a free copy of GovWin+Onvia’s “10 Hotspots in Government Contracting for 2018”.