Within the dynamic $2 trillion B2G marketplace, spending from state, local and education (SLED) agencies reaches around $1.5 trillion annually - providing tremendous opportunity for vendors in a diverse range of industries to grow their public sector sales. As Onvia's research reveals, the fastest growing Hotspots in government contracting for 2017 include:
- Growing school bus services
- Providing clean water
- Serving those with disabilities
- Preparing sites for construction
- Strengthening disaster services
- Upgrading to smart lighting
- Enabling government with IT
- Expanding connectivity
- Innovating education
- Improving medical equipment
These purchasing areas are representative of the diverse sectors in which government agencies choose to invest their money. Purchasing decisions driving growth in each of this year's segments were found to be influenced by the following common themes:
- Efficiency: Government decision-makers are focused on saving money and improving processes
- Safety: Public safety concerns are a key driver of demand
- Functionality: Taxpayers and buyers are looking for more features and functionality
- Compliance: Rules and standards are driving contracts and affecting what is purchased
- Opportunity: Small to mid-size businesses, as well as large enterprise vendors all have a significant opportunity in government
"This year's results reveal the current mentality of government buyers," said B2G Market Analyst Paul Irby. "It's simply a myth that public procurement professionals are motivated to only award the lowest bidder. With a better understanding of buyer needs, motivations and purchasing habits, vendors can set their firm up to earn more revenue from government contracts."
The 2017 Hotspots in Government Contracting Offer a Wide Range of Opportunity
This report equips readers with useful insights for each Hotspot including the context and background driving growth, year-over-year growth analysis in published bids and RFPs and analysis on which states publish the most competitive contracting opportunities.
Looking at more than 4,000 unique industry tags, the analysis uses data from Onvia's B2GIS to reveal the 10 fastest growing areas in B2G so marketplace participants can gain a better understanding of what's driving government buying decisions in 2017.
Vendors, buyers and media can get the details behind these hot and emerging B2G categories by requesting a complimentary 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/the-10-fastest-growing-areas-in-government-contracting-profiled-in-onvia-report-300412303.html
SOURCE Onvia, Inc.