Deltek announced the release of the 13th edition Deltek Clarity Government Contracting Industry Study Wednesday to identify and share current trends and market outlook in the government procurement industry (GovCon).
After collecting survey responses from more than 650 GovCon community members, Deltek has revealed its findings to help government contractors address the biggest challenges impacting business development, risk management, compliance finance, manufacturing, contract management and procurement, human capital management and IT professionals.
“Challenges reported by companies include growing headcount while facing increased competition, citing business development and digital integration of functions as key areas for growth and investment,” said GovCon expert Kevin Plexicosenior vice president of information solutions at Deltek and a Wash100 Price 2022 recipient.
After this year’s investigations and information gathering, Deltek revealed that business development has become a critical investment area for the GovCon sector and that diversification among new markets has been used by federal organizations to drive organic revenue growth.
Additionally, Deltek learned that the manufacturing sector is undergoing digital transformation efforts as a critical growth area with over 60% of respondents citing supply chain issues as one of the biggest challenges and risk concerns, as well as complexity to underline the need for technology. and the integration of contract management.
“This year, many companies told us that although 2021 was not a great year, the results in 2022 were surprisingly positive with an increase in expected success rates,” said GovCon expert Kevin Plexicosenior vice president of information solutions at Deltek and a Wash100 Price 2022 recipient.
Better software means better projects. Deltek is the world’s leading provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in more than 80 countries around the world trust Deltek for superior levels of project intelligence, management and collaboration.