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Industry Landscape
The industry for women's business support is experiencing steady growth, driven by increasing female entrepreneurship and the pursuit of diversity in supply chains. Organizations focus on education, access to capital, and certification (like WOSB) to empower women. Digital platforms are expanding reach, while partnerships with corporations and government agencies are crucial for creating opportunities and fostering economic impact.
Total Assets Under Management (AUM)
Number of Women-Owned Businesses in United States
~13 Million (as of 2023, National Association of Women Business Owners)
(3.5% (2019-2023) CAGR)
- Growth in female entrepreneurship.
- Increased awareness and pursuit of WOSB certification.
- Expanding support ecosystems for women in business.
Total Addressable Market
1.8 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Business Intelligence
AI tools can analyze market trends, predict customer needs, and personalize learning paths for women entrepreneurs, enhancing strategic decision-making.
Blockchain for Certification & Supply Chain
Blockchain can streamline WOSB certification verification, ensure supply chain transparency, and securely manage contracts, building trust and efficiency.
Immersive Learning Platforms (VR/AR)
VR/AR can create realistic simulations for business training, networking events, and virtual mentorship, offering engaging and accessible learning experiences.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) (2021)
This bipartisan infrastructure law includes significant funding for federal contracts, emphasizing diversity and inclusion in contracting, which directly benefits WOSBs.
It creates substantial new opportunities for women-owned businesses to secure federal contracts in infrastructure development, increasing their revenue potential.
Small Business Administration (SBA) Women-Owned Small Business (WOSB) Federal Contracting Program Updates (Ongoing)
The SBA continuously updates its regulations for the WOSB program, including changes to eligible industries, certification requirements, and set-aside goals.
These updates directly affect the eligibility and process for WOSB certification, influencing which businesses can compete for federal contracts and how they must qualify.
Inflation Reduction Act (IRA) (2022)
While broad, the IRA includes tax credits and incentives for clean energy, manufacturing, and healthcare, creating new market opportunities and demand for specific services.
Women-owned businesses in relevant sectors can leverage these incentives to grow, innovate, and secure contracts within emerging green and technology-driven industries.
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