Now in its eighth annual edition, GovWin’s exclusive 2024 SLED Government Contracting Forecast sheds light on the future of the market in the context of the current economic climate, along with industry-specific outlooks for each of our 12 primary industries.
Produced by GovWin’s team of veteran market analysts, this free report provides a two-year annual forecast for 2024-25 of new bids and RFPs issued for the overall SLED market and each of our 12 primary industries. It also includes historical data, reviews of recent trends, insights on key drivers moving each industry forward, and profiles of demand by level of government.
Sample Key Findings
Possible Economic Contraction
The economy avoided a slump, maintained a slow GDP in 2023, and economists foresee another year of minimal growth with possible slowdown or contraction.
Return To Historical Growth Rates
After two years of significant growth and 2023 marking a return to normal bid levels, 2024-25 will look to return to the long-term average annual trend of around 1% growth in bids per year.
101% of Pre-Pandemic
By 2025, the volume of SLED bids in the baseline forecast should reach 100.6% of pre-pandemic volume.
GovWin’s 2024 SLED Government Contracting Forecast predicts 482,000 bids & RFPs to be issued in 2024 and 487,000 bids & RFPs to be published in 2025, just enough growth to surpass 2019 for the first time since the onset of the 2020 pandemic.
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