This free executive summary of GovWin's 'Federal Contracting Trends to Watch in 2024' report examines 10 key areas that will dominate the mindshare of federal contractors and agencies in 2024. Review the report to get recommendations designed to help your federal business development team refine its go-to-market strategy. Submit the request form to receive your copy of this free report.
Produced by GovWin's industry-leading federal market analysis team, this free report provides a view of diverse factors that will impact opportunities, competition and the cost of doing business. Some of the federal contracting trends to watch examined in this report include key areas like budget uncertainty, inflation and interest rates, small business contracting, artificial intelligence and the upcoming federal elections. This report also provides recommendations to guide solution providers in maximizing their market positioning to best take advantage of federal business opportunities.
The potential for ongoing congressional gridlock and growing agency mission needs create budget uncertainty and heightened scrutiny. The Fiscal Responsibility Act sets a framework for near-term budget levels, assuming they are honored.
The Federal Reserve anticipates inflation to continue to decline in 2024, with cautious optimism regarding overall economic health. Despite this, contractors are feeling the effects of high interest rates, supply chain costs and wage inflation.
Agencies are under additional pressure to expand small business opportunities. The focus on equity among underrepresented groups will also direct extra attention to women-owned and minority-owned businesses.