SLED IT MARKET, FY 2019-2024
Published: 07/17/2018
Description
See also: SLED IT Market, FY 2019-2024 (data set)* [*Note: Available to SLED Market Analysis subscribers only.] Key Findings: The forecast growth rate of 4.3% is above the historic growth rate of 3.4% for the verifiable years of 1997-2016.U.S. Bureau of Economic Analysis (BEA) data for FY 2016—the most recent year available—provided evidence for a market jump of 10.5% over FY 2015. This is the 2nd largest year-over-year growth rate since 1997.The Trump administration’s economic policies have created some market uncertainty that could chill SLED budget officers’ outlooks when it comes to revenue and spending forecasts.Even though the volume of consumption remains steady or marginally increasing IT Hardware & Equipment is declining as a share of the market spend.IT Services market share is growing in both of the Outsourcing sub-segments (i.e., Data Processing, Hosting, & Related Services and Internet Publishing & Broadcasting) as more services move off premises and toward online customer self-service.Software Products will see declining share of market for packaged options as vendors push customers toward cloud-based Software as a Service (SaaS) options, which fall under the larger and growing Data Processing, Hosting, & Related Services sub-segment.Communications & Network Services will gain market share in all three sub-segments as data demands (e.g., cloud-based traffic, big data manipulation, video storage and retrieval, sensors, etc.) increase and external sources such as E-Rate continue to inject significant money into these services. This report will help SLED IT contractors… Assess the SLED information technology (IT) market size, forecasts, and segmentation for purposes of business development (BD) strategic planning.Assess the proportion of IT spending by state, level of government, and function of government (i.e., “vertical”).Assess the proportion of IT spending among the major market segments (i.e., Communications & Network Services, IT Hardware & Equipment, IT Services, and Software Products). This forecast report includes the following: 2019-2024 forecast for four major IT segments and 13 sub-segments.2019 spending outlook for ten Deltek verticals, including 37 governmental functional categories.2019 spending profile for all 50 states (plus DC), including spend by level of government, vertical, and IT segment. NOTE: This report is presented as a chart book of data providing the highest-level overview of the SLED market. Methodology Adapting data produced by U.S. Department of Commerce analysis of U.S. gross domestic product (GDP), Deltek's forecast model generates over 2.7 million data points and is the most comprehensive and sophisticated model available for the SLED market.
