There was good news for firms doing business with the government in the most recent quarterly market snapshot report from GovWin+Onvia, the State, Local and Education (SLED) Procurement Snapshot for Q4 2017. Our market analysis found that the SLED market finished with a year-over-year growth rate of 5.5%, the strongest growth rate of an already strong year.
(2017) has provided significantly more opportunities for government contractors.Paul Irby, GovWin+Onvia Market Analyst
Despite the generally strong outlook for those involved in public sector sales, the recent growth was not uniformly spread across the country. Some states and geographic regions saw significantly higher rates of growth and expansions of government contracting opportunities than others.
Below you can find a downloadable infographic that shows which states saw high growth, moderate growth and flat/declining growth in the number of bids and RFPs in Q4 of 2017.
The GovWin+Onvia market research team has found that although the overall number of government bids and RFPs are generally up across the board, some states and geographic areas are seeing more of the growth in these opportunities than others. Here are a few points drawn from our latest research report:
- The state with the highest rate of growth in Q4 2017 was Oregon, followed by Utah, Massachusetts, Maine and Georgia.
- A total of 17 states saw high rates of growth in state and local government bids and RFPs, with rates of 10% or more on a year-over-year basis.
- The states that have experienced two straight quarters of high growth (10% or more) include Georgia, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Montana, Nevada, New York, Oregon, Pennsylvania and Wyoming.
- Several large states rebounded from “flat or declining” quarters of growth in Q3 to achieve “moderate growth” in Q4, including California, Missouri and Texas.
Download the Report for Analysis of Cooperative Purchasing, Industry Growth and More
The infographic and analysis above is just a taste of the market intelligence offered by GovWin+Onvia. Our partnership has created the most comprehensive source of government contracting leads at the federal, state, local and education levels.
Our market analysis team uses that intelligence in its quarterly analysis of SLED government spending trends. In the most recent edition, we featured an interview on cooperative purchasing with Jeremy Schwartz of the National Joint Powers Alliance (NJPA) and Tammy Rimes of National Cooperative Procurement Partners (NCCP), as well as rankings of growth in government bids and RFPs by industry and government agency type.
If you would like to see the most recent analysis from GovWin+Onvia, the State, Local and Education Procurement Snapshot for Q4 2017, you can click below to request a free report today.