SLED PROFESSIONAL SERVICES MARKET, FY 2020-2023

Published: 07/20/2020

Description

Due to the unique circumstances presented by the COVID-19 pandemic, this year?s forecast report will be a presented with a shorter forecasted window (FYs 2021 to 2023). This format is intended to incorporate the latest policy information from upcoming SLED market events:   Major SLED Market Transitions That Will Occur During the Forecast Period:   This report will help SLED contractors? This forecast report includes 2020-2020 forecasts for the following: State legislatures and local councils meeting in emergency sessions to allocate federal funds and raise additional own-source revenues to address to pandemic-response costs and economic impacts of stay-at-home ordersThe rate of revenue recovery as states reopen their economies and consumers demonstrate their degree of willingness to shop or recreate in publicNew federal stimulus measuresIndicators of a COVID-19 resurgence during winter monthsChanges of state, local, and federal administrations as a result of delayed primaries and the November general electionsExpectations for double-digit unemployment into 2021 Increased Telework will Generate Opportunities for Business Process ReengineeringMass Transit will Have to be ReinventedThe Virtual Campus will Be a Permanent Part of Higher EducationSLED government entities will be seeking new revenues and cost reductions. assess the SLED professional services (PS) market size, forecasts, and segmentation for purposes of business development (BD) strategic planning.assess the proportion of PS spending among the major market segments. Four major PS industry segments, including 1) Financial Investment, 2) Activities, Accounting, Tax Preparation, Bookkeeping, & Payroll Services, 3) Management Consulting, and 4) Business Support Services.Six major buyer segments, including 1) Educational Services, 2) Hospitals, 3) Other Government Services, 4) Electric Utilities, 5) Passenger Transit, and 6) Other Enterprises.

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