Free Report

Discover How the SLED Market Opened the Year in Q1

As 2024 unfolded its first quarter, the state, local and education (SLED) market settled into a familiar rhythm. The Q1 market developed at a deliberate pace, setting the stage for an anticipated uptick in bid activity as the year marches on. Submit the request form to learn how the SLED market performed in Q1 and discover GovWin’s seasoned analysts’ predictions for its future trajectory.

State and Local Procurement Snapshot Q1 2024

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What's Inside:

This timely report examines the SLED market performance in Q1 of 2024 and compares it with the same quarter of the prior year. It reveals the growth rates of each level of government and each of the 12 industries we monitor. It also presents historical trends, project counts over time and a special feature article that highlights the key findings from GovWin’s “10 Hotspots in State & Local Government Contracting for 2024” report.

“GovWin IQ from Deltek offers tremendous depth of functionality for SLED, and has great customer support along with sales support.”

Yogi Muthuswamy, Program Manager, YKM Tech Services

Sample Key Findings:

Normalization Following Unprecedented Growth

The recent decline in SLED bid requests comes after a period of unprecedented growth that was buoyed by federal stimulus funding and more.

Several Factors to Watch

The upcoming US elections could impact grant funding and legislation. Additionally, federal stimulus funding begins to diminish, and the lingering shadow of recession adds to the uncertainty.

Decrease in SLED Opportunities

The SLED market saw a decrease of -3.7% in opportunities in Q1 2024. This aligns with the cyclical pattern of previous declines that often follow periods of stronger performance.

+6.1%

A forecast of 467K SLED bids and RFPs for 2024 would still show solid growth over 2021 at 6.1% and supports the hypotheses that 2022 and 2023 were natural overperforming 'catch-up years'.

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