SLED Professional Services Market, FY 2020-2023

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:

• 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 orders
• The rate of revenue recovery as states reopen their economies and consumers demonstrate their degree of willingness to shop or recreate in public
• New federal stimulus measures
• Indicators of a COVID-19 resurgence during winter months
• Changes of state, local, and federal administrations as a result of delayed primaries and the November general elections
• Expectations for double-digit unemployment into 2021

Major SLED Market Transitions That Will Occur During the Forecast Period:

1. Increased Telework will Generate Opportunities for Business Process Reengineering
2. Mass Transit will Have to be Reinvented
3. The Virtual Campus will Be a Permanent Part of Higher Education
4. SLED government entities will be seeking new revenues and cost reductions.

This report will help SLED contractors…

• 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.

This forecast report includes 2020-2020 forecasts for the following:

• 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.