Top five IT Industry NAICS codes Spending Trends Blog Feature
Meghan Gallagher

By: Meghan Gallagher on January 17th, 2018

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Top five IT Industry NAICS codes Spending Trends

GSA Schedule | Contracts | Resources and Insight | 4 Min Read

Blog photo JAN 17.jpgAs part of our focus on NAICS codes this month, our team did a deep dive into the NAICS codes associated with the largest federal IT spending. Given that IT modernization is still a big priority, it’s important to look at those spending trends. Specifically, we’ve reviewed the top five IT NAICS codes from fiscal years 2016 and 17.

Why review these codes? One factor driving your sales and marketing success is the ability to find great opportunities for your organization. Knowing what your NAICS Codes are, and how well they do within the government space is the first step. For example, is your main NAICS code rarely associated with government opportunities? Or are there countless opportunities for that code? If it is not associated with good opportunities, you may need to consider other relevant NAICS codes, and start looking for opportunities with those codes instead. The IT industry is a good place to start given the high spending levels in that category.  

Here in our first chart are the top five IT NAICS codes for fiscal years 2016 and 17. Federal spending in the top two codes – 541512 and 541519 - is dramatically higher than in the other three.

NAICS Code

2016

2017

541512 - Computer Systems Design Services

$13,571,726,618

$14,528,193,124

541519 - Other Computer Related Services

$11,327,977,389

$11,980,137,765

541511 - Custom Computer Programming Services

$3,577,616,475

$3,764,013,112

517110 - Wired Telecommunications Carriers

$2,967,056,354

$3,035,532,821

334111 - Electronic Computer Manufacturing

$2,110,043,487

$2,693,868,732

 

Let’s break down these five NAICS codes a bit further, looking at the top three agencies doing business with these NAICS codes and the top three set-asides under these codes.

If your company frequently works with one of these NAICS codes, then make sure you’re targeting the top three agencies for that NAICS code. Likewise, if you qualify as one of the below set-asides, make sure you are actively looking for opportunities with those NAICS codes. As a reminder FBO lets you search for opportunities by NAICS code in its advanced search and saved search features, giving you the perfect opportunity to track opportunities for these NAICS codes.

 

 Top Agencies

541512 - Computer Systems Design Services

DOD - Department of Defense

HHS - Department of Health and Human Services

GSA - General Services Administration

541519 - Other Computer Related Services

DOD - Department of Defense

TREAS - Department of the Treasury

VA - Department of Veterans Affairs

541511 - Custom Computer Programming Services

DOD - Department of Defense

HHS - Department of Health and Human Services

DHS - Department of Homeland Security

517110 - Wired Telecommunications Carriers

DOD - Department of Defense

VA - Department of Veterans Affairs

TREAS - Department of the Treasury

334111 - Electronic Computer Manufacturing

DOD - Department of Defense

DOJ - Department of Justice

VA - Department of Veterans Affairs

 Top Set-Asides

541512 - Computer Systems Design Services

Small Business Set-Aside -- Total

8A Competed

Service Disabled Veteran Business Set-Aside

541519 - Other Computer Related Services

Small Business Set-Aside -- Total

Service Disabled Veteran Business Set-Aside

HUBZone Set-Aside

541511 - Custom Computer Programming Services

Small Business Set-Aside -- Total

8(a) Sole Source

8A Competed

517110 - Wired Telecommunications Carriers

Small Business Set-Aside -- Total

8(a) Sole Source

Service Disabled Veteran Business Set-Aside

334111 - Electronic Computer Manufacturing

Small Business Set-Aside -- Total

8(a) Sole Source

Service Disabled Veteran Business Set-Aside

 

Want to get a better sense of what NAICS codes on which your company should focus? We can help research and identify the right NAICS codes for your business, so, contact us today to get started!

 

About Meghan Gallagher

Meghan Gallagher is Winvale’s Government Analyst on the Business Development team. Meghan helps clients with research and market analysis reports of their company’s products and services, as well as helping consult clients on their government contracting business. She assists with marketing and sales materials such as government capabilities statements, web sites and case studies. Meghan has a strong background in research after serving with the World War One Centennial Commission, a Congressional Office, and her time with the University of Maryland’s Government Honors Program.

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