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).

    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.
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