SLED Professional Services Market, FY 2020-2023
Published: July 20, 2020
FeaturedSLED Market AnalysisFinancial & Business ServicesForecasts and SpendingProfessional Services
State, local, and education (SLED) demand for professional business and financial services will decline from $52.5 billion in FY 2020 to $50.9 billion in FY 2023 at a compound annual growth rate (CAGR) of -0.01%.
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).
- 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
- Increased Telework will Generate Opportunities for Business Process Reengineering
- Mass Transit will Have to be Reinvented
- The Virtual Campus will Be a Permanent Part of Higher Education
- SLED 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.
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:
Introduction (slides 6-16)
*Condensed Forecast Timeline
*SLED Market Forecast Policy Landscape
*Inclusion of Previous Years’ Figures
*Purpose of This Report
*Scope & Methodology
*High-Level Description of Industry Segments
*Scope: Segment Definitions
*Scope: Buyer-Type Definitions
*A Note on Data Sources
*A Note on the Use of Fiscal Years
*PS Market Forecast
*Economic Outlook
*Market Volatility
*Historical Growth
*Total Addressable Market
*Market Segments
*Market Verticals
*Forecast Findings
Market Forecast (slides 18-38)
*Short-Term Economic Indicators
*Market Volatility
*Observations from the 2008-09 Great Recession
*Analyst’s Takes
*SLED Contractor-Addressable PS Market, FY 1997-2018
*SLED Contractor-Addressable PS Market by Segment, FY 1997-2018
*Contractor-Addressable PS Market, FY 2018-2023
*SLED Contractor-Addressable PS Market, FY 1997-2018
*Analyst’s Takes: Major SLED Federal Stimulus is Coming
*Analyst’s Takes: Major SLED Market Transitions
*Analyst’s Takes on Gaps in Market Data
*SLED PS CAGRs and Market Share by Commodity Type, FY 2018-2023
*SLED PS Educational Services Market, FY 2018-2023
*SLED PS Hospitals Market, FY 2018-2023
*SLED PS Government Services Market, FY 2018-2023
*SLED PS Electric Utilities Market, FY 2018-2023
*SLED PS Passenger Transit Market, FY 2018-2023
*SLED PS Other Enterprises Market, FY 2018-2023
*Condensed Forecast Timeline
*SLED Market Forecast Policy Landscape
*Inclusion of Previous Years’ Figures
*Purpose of This Report
*Scope & Methodology
*High-Level Description of Industry Segments
*Scope: Segment Definitions
*Scope: Buyer-Type Definitions
*A Note on Data Sources
*A Note on the Use of Fiscal Years
*PS Market Forecast
*Economic Outlook
*Market Volatility
*Historical Growth
*Total Addressable Market
*Market Segments
*Market Verticals
*Forecast Findings
Market Forecast (slides 18-38)
*Short-Term Economic Indicators
*Market Volatility
*Observations from the 2008-09 Great Recession
*Analyst’s Takes
*SLED Contractor-Addressable PS Market, FY 1997-2018
*SLED Contractor-Addressable PS Market by Segment, FY 1997-2018
*Contractor-Addressable PS Market, FY 2018-2023
*SLED Contractor-Addressable PS Market, FY 1997-2018
*Analyst’s Takes: Major SLED Federal Stimulus is Coming
*Analyst’s Takes: Major SLED Market Transitions
*Analyst’s Takes on Gaps in Market Data
*SLED PS CAGRs and Market Share by Commodity Type, FY 2018-2023
*SLED PS Educational Services Market, FY 2018-2023
*SLED PS Hospitals Market, FY 2018-2023
*SLED PS Government Services Market, FY 2018-2023
*SLED PS Electric Utilities Market, FY 2018-2023
*SLED PS Passenger Transit Market, FY 2018-2023
*SLED PS Other Enterprises Market, FY 2018-2023