The Top 4 Industries in SLED Government Contracts in Q2 2018
Published: August 29, 2018
The research team from GovWin+Onvia analyzed the state and local government contracting market to find the top industries for SLED government contracts in Q2 2018.
The SLED Market Analysis team at GovWin+Onvia has released a comprehensive analysis of last quarter’s SLED marketplace, the State, Local, and Education Procurement Snapshot for Q2 2018. It contains details about the current contracting environment and the differences in year-over-year bid and RFP growth rates by state.
Also included in the report is analysis of the industries that are seeing the fastest rates of growth in SLED contracting. To highlight the industries that are seeing the fastest growth rates, we’ve compiled this infographic, which is available to download for free by clicking on the link below.
One of the most notable trends from the report is that water and energy contracts continue to rise, with a more than 10% year-over-year rate of growth since Q2 of 2017. In all, eight of the 12 industry groups that our research team analyzed saw a positive change in bid volume, and only one industry – architecture and engineering – saw a large decrease in the volume of government bids last quarter. This points to a market that is generally steady with a variety of opportunities for government contractors.
Listed below are the four industry groups that experienced the greatest rise in government bids and RFPs in Q2 of 2018 compared to Q2 of 2017.
- Water and Energy: The #1 ranked growth industry for state governments came from water and energy government contracts, making it the fastest-growing industry with a growth rate of 10.6%.
- Professional Business Services: Despite ranking #1 overall among both education and local government agencies, this category ranked just second overall among all SLED governments.
- Public Safety: A #2 ranking in education government and #3 ranking in local government powered the public safety industry, with an overall 6.4% growth rate in Q2.
- Healthcare: Overall, the healthcare contracting industry ranked fourth, with more than 3% overall growth and a #3 ranking for growth in government education bids and RFPs.
The full report for Q2 of 2018 includes many more critical insights that can benefit businesses of all types that are selling to the government market. This quarter’s report includes further market trends and future growth opportunities, and includes a special feature featuring an interview with Jennifer Saha, the National Director for Public Sector Councils at CompTIA, that details some of the leading trends in SLED technology purchasing and what they mean for government vendors.
This indispensable report is available for free to anyone wishing to accelerate their pursuit of government business. You can download your free State, Local, and Education Procurement Snapshot for Q2 2018 by clicking the link below.