01Water Lifecycle
ManagementYour customers can't opt out, and water has no substitute. The rules come from federal statute, and they don't ease up in a downturn. A recession doesn't make a utility test its water less. That's why the compliance work gets paid through every cycle, not just the good ones. That combined with a deeply fragmented market, with roughly 50,000 community water systems nationwide, most served by small regional firms, and a long tail of ~150,000 public systems, makes this opportunity unique.
02Power Utility
ManagementThe systems that keep the grid documented, compliant, and connected: pole records and the workflows utilities, co-ops, and carriers all rely on. The obligations are set by rule, not budget, and a major fiber buildout is driving record volume through the decade. Once your records are the source of truth, you don't get replaced.
03Cyber Services for
Critical InfrastructureYou protect the systems that run plants, grids, and utilities, and the law requires it, with fines that dwarf what the work costs. The people who can do it are scarce, and the market is a long tail of specialists rather than a few giants. This spending survives downturns because it was never optional.
04Public SafetyTraining has to be renewed, footage managed, records kept audit-ready, so agencies keep paying, on contracts that are hard to cancel. That's ~18k agencies, most still on spreadsheets or decades-old systems. Falling out of compliance always costs more than modernizing.
05JudicialCourts don't slow in a recession. Filings rise when the economy dips, so your demand runs opposite everyone else's. It's ~70M filings a year across 10,000+ courts, handled by thousands of small operators with no national player pulling them together.