Welcome!

Mobile IoT Authors: Liz McMillan, Yeshim Deniz, Pat Romanski, Elizabeth White, Kevin Benedict

News Feed Item

Onvia Reports State and Local Government Contract Volume up in Q2 - Led by Local Agency Growth of 6.4%

SEATTLE, Aug. 20, 2014 /PRNewswire/ -- Onvia (NASDAQ: ONVI), the leading provider of "Intelligence for Winning More Government Business," today announced the availability of the Onvia State & Local Procurement Snapshot for Q2 2014. The report analyzes state and local government contracting activity across the nation and follows Onvia's Q1 2014 market snapshot published in June 2014.

Onvia, Inc. Logo.

The Q2 2014 analysis finds 2.2% growth in opportunity volume versus the same quarter in the prior year (Q2 2014 vs. Q2 2013).  Opportunity volume represents the number of state, local and education bids and RFPs submitted for open bidding by government agencies. "It is encouraging to see continued growth in the state & local market, led especially by city and county agencies across the country. State and local bids and RFPs represent revenue opportunities for vendors across the country operating nationally, regionally or in their own backyard," stated Hank Riner, President and CEO of Onvia.

In analyzing procurement activity by industry, Q2 transportation and vehicle contracting volumes increased 7% versus the year prior, followed by 4.5% growth in construction and construction supplies. Industries showing the steepest declines in contracting volume for the period were wireless/telecom, IT consulting and educational services. Paul Irby, Market Analyst at Onvia explained, "It is important to note that opportunity volume decline is not always associated with a decrease in agency spending. Shared services and consolidated purchasing are big trends right now across all levels of government and are affecting many industry verticals, from education to IT. Consolidated procurement creates an environment of fewer bidding opportunities, but often increases the average award values of those contracts."

Looking at procurement activity by level of government showed a 5.8% decline in procurement volume by state agencies, a 6.4% increase at city, county, and regional agencies and slight growth of 0.4% among education agencies. This quarter, Onvia added an additional segment to its market snapshot, analyzing procurement volume both by industry vertical and by level of government.  Irby described the reason for the additional detail in this quarter's report: "What we noticed in the Q2 data was that the decline in growth rate from our Q1 report was not due to a broader slowdown but actually state agencies decreasing the number of bidding opportunities. Most of the state level decline came from a few major industry verticals including IT/telecom and business services. Adding the additional level of government segment on top of the industry data really let us take a deeper look into areas of opportunity for our clients. Architecture, engineering and construction are booming at the local government level for example, but showed a decline at the state level." 

Government contracting consultant James Baker contributed to this quarter's report as well. Baker is the author of How to Win Business from the Government and is the founder of Public Sector Technology Exchange (PSTE), a forum to discuss technology business issues impacting the government, citizens and the vendor community. Baker adds market commentary to Onvia's report and authored an article for the report titled "8 Tactics to Win in 2015 for State & Local Government Contractors."

Readers can download the full report for free from Onvia's website at:
http://www.onvia.com/business-resources/white-papers/SLED-procurement-snapshot-q2-2014

About Onvia
For more than 13 years Onvia (NASDAQ: ONVI) has been delivering the data and tools companies rely on to succeed in the government contracting market. Onvia tracks and reports the spending of tens of thousands of federal, state and local government agencies, giving companies a single source for conducting business with government. For information about Onvia, visit http://www.onvia.com/.

Logo - http://photos.prnewswire.com/prnh/20120503/SF00103LOGO

SOURCE Onvia

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...