Federal Professional Services Budget Outlook, FY 2024

GovWin’s exclusive Federal Professional Services Budget Outlook, FY 2024 report provides insight into over $70B in contractor-addressable requested funding relevant to professional services firms. Fill out the request form to get your copy of this unique analysis that's purpose-built to help federal professional services companies develop their strategic business development plans.



What's Inside:
Produced by GovWin’s industry leading Federal Market Analysis Team, this timely report analyzes and breaks down the proposed program investments and policy directives outlined in the Biden Administration’s $1.8T fiscal year 2024 discretionary budget request as it relates to professional services firms. It aims to deliver a comprehensive view of the federal government's upcoming spending plans relevant to providers of common professional services related offerings such as: management consulting, administrative services, marketing and advertising services, legal services, technical and engineering services, financial services, real estate services and more.

“Since becoming a GovWin IQ member, we realized very quickly why Deltek's known as the 'gold standard' for research and tracking of the government market.” - Tomette Herring, Sr. Business Development Director, DCS

Sample Findings from the Report:

$70B for Professional Services Requested for FY 2024
The Biden-Harris Administration's FY 2024 federal budget request contains more than $70 billion in funding relevant for professional services firms, a 6.7% increase from the FY 2023 enacted budget.

$32.9B Requested by DoD
The Department of Defense (DoD) plans to spend the most on professional services in FY 2024 with a request of $32.9 billion in funding relevant to professional services.

$54.5B for Management Advisory Services
With services like consulting, economic, regulatory, organizational, policy, program management and contracting studies, management advisory services dominate the federal professional services market.

54% Most federal agencies are planning to increase their spending on professional services in FY 2024 with the U.S. Department of Treasury increasing the most at 54% more.