To provide context and a historical perspective, the outlook analyzes economic trending data provided by the Bureau of Economic Analysis (BEA) as well as information sourced from Onvia's B2G Intelligence System (B2GIS).
"SLED government vendors and procurement professionals are headed into 2017 looking at the prospects for continued growth, but are unsure how much of an increase can be achieved in the current fiscal environment," said Paul Irby, B2G Market Analyst. "They are curious about how economic trends and the new administration's policies may affect budgets and purchasing, and what the potential for increased funding in infrastructure and technology means for them. This report lends some clarity to these important questions."
The government market faces many unknown factors around policy and the impacts of long-term economic and fiscal uncertainty. Onvia's research team asked leading authorities in the space to share their perspectives on trends and developments in funding, purchasing and the overall fiscal environment. This panel of advisors includes:
- Dan White, Senior Economist at Moody's Analytics and noted authority on government fiscal policy
- Mary Scott Nabers, Leading expert in infrastructure and public private partnerships
- Ben Vaught, Director of Onvia Exchange and former state government IT executive
Onvia's B2G Market Research Agenda for 2017
The release of this research wraps up a year where Onvia analyzed all corners of the B2G marketplace, including buying and selling trends, purchasing hotspots and growth at an industry specific level. Onvia's 2017 market research agenda will continue to provide the leading source of insights in B2G by focusing on the following categories:
- Quarterly Reports: Tracking buying trends, emerging categories and purchasing patterns in SLED
- Special Reports: Looking at procurement hotspots, deep analysis on key public sector industries and market forecasts
- Surveys: Analyzing market sentiments, trends and developments with surveys of government vendors and buyers
- Indexes: Measuring the overall pulse of businesses and government procurement professionals
"The B2G marketplace is extremely dynamic," said Alberto Sutton, Senior Vice President of Marketing. "Our 2017 research priorities will provide government market participants with the actionable insights and guidance that they need to thrive."
This report helps government buyers and sellers to better understand the direction of the state and local government contracting market and set their organizations up for success in 2017. Access a copy of the report here.
Onvia (NASDAQ: ONVI) is the leading commerce intelligence company at the core of the business-to-government (B2G) marketplace. Applying advanced technologies and domain expertise, Onvia curates data about millions of exchanged contracts, agencies and decision makers, vendors and channels, projects and investment plans, awards records and market trends. Our B2G Intelligence System (B2GIS) delivers quality leads, process agility and strategic foresight, equipping companies of all sizes to grow their public sector business and government agencies to gain procurement efficiency. Resolving the friction in this vital, complex, multi-trillion-dollar marketplace, we create mutual value for private and public sectors, taxpayers and society at large.
Visit https://www.onvia.com to explore what makes business, government and media trust Onvia for B2G market insights.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-research-shares-expert-commentary-and-forecast-for-2017-state--local-government-contracting-300377039.html
SOURCE Onvia, Inc.