There are approximately 25,800 verified SDVOSB firms performing business with the Federal Government. In 2020, those firms have shared $23.8B in federal contracts. This works out to $923K per firm in federal contracts. When we look at broad lines of business, we see the following concentrations. There are around 30 million small businesses in the United States. Of those small businesses, the average revenue is around $500K. The average federal revenue that an SDVOSB firm receives provides is almost 2x the normal small businesses revenue.

Below is a breakdown by major industry classification:
 

As you can see the majority of federal SDVOSB spending is with services. The largest of the services for SDVOSB is Professional, Scientific and Technical Services, known for the most part as Information Technology. If we look at the numbers, 60% of IT spending with SDVOSB firms occurs in the DC, Maryland, Virginia, or DC Beltway. There are still opportunities in other States, as 40% or $4.5B does occur throughout the rest of the United States, where there is generally less competition for those dollars.
 

As you can see from the Table below, SDVOSB firms have sales in all Industries.  Utilizing a SDVOSB verification can provide strong revenue growth for firms in almost any industry or geographic location.
 

If you would like to go over the qualifications and/or specific benefits that an SDVOSB Certification could bring to your business, I always recommend contacting an industry expert such as ez8a or Advance 8a. Neither charge for an initial consultation.