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Track How the SLED Market Performed in Q4 and Its Future Trajectory

The SLED market closed out a healthy 2023 by posting an overall growth rate of over 1% in bids for the year. Our SLED Jobs Recovery Index also surpassed the 100 mark for the first time since 2020, signaling a return to pre-pandemic job levels. With a better-than-expected 2023, and funding stability, the SLED market is showing resilience going into 2024. Submit the request form to learn how the SLED market performed in Q4 and discover GovWin IQ’s seasoned analysts’ predictions for its future trajectory.

State and Local Procurement Snapshot - Q4 2023

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What's Inside

This timely report examines the SLED market performance in Q4 of 2023 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 includes a special feature article that highlights the key findings from GovWin’s “2024 SLED Government Contracting Forecast” 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:

Federal Market

Modest YoY SLED Growth

With an overall modest increase of +1.1% for the entire year, the 2023 SLED market saw some variation in growth rates at a time of mixed signals about the direction of the U.S. economy.

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SLED Jobs Fully Recovered

The SLED jobs market has fully recovered in our Jobs Recovery Index, exceeding 100 for the first time since the 2020 downturn - a sign of fiscal health and stability for these organizations.

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State Governments Positive

State governments remained in positive territory in Q4 with +0.2%, which have seen somewhat higher growth rates in recent quarters.

7.6%

The top four industries in Q4 grew by 2-8% in year-over-year gains. These included public safety, which led the pack at +7.6% growth, followed by healthcare, environmental services and technology & telecom.

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