Find stats on top websites
Industry Landscape
The IT consulting industry, particularly in enterprise software like PLM and MOM, is experiencing robust growth driven by digital transformation initiatives in manufacturing. Companies are increasingly investing in integrated solutions to optimize operations, improve efficiency, and enhance competitiveness. Cloud adoption, AI, and IoT are key trends shaping the future of industrial IT.
Total Assets Under Management (AUM)
IT Consulting Services Market Size in United States
~312.3 billion USD (2023)
(8.1% CAGR)
- Driven by digital transformation projects.
- Increased adoption of cloud-based solutions.
- Strong demand from manufacturing and healthcare sectors.
Total Addressable Market
320 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI/ML in PLM & MOM
Artificial Intelligence and Machine Learning are enabling predictive maintenance, generative design, and optimized production planning within PLM and MOM systems.
Digital Twins & Threads
Digital Twins create virtual replicas of physical products and processes, while Digital Threads provide a continuous, connected data flow across the entire product lifecycle.
Industrial IoT (IIoT)
IIoT connects machines, sensors, and devices on the factory floor, providing real-time data for enhanced monitoring, control, and automation in manufacturing.
Impactful Policy Frameworks
NIST SP 800-213A (Draft) IoT Device Cybersecurity Guidance for the Federal Government (2022)
This NIST draft provides guidance for federal agencies on managing cybersecurity risks associated with IoT devices, including those used in industrial settings.
While specifically for federal agencies, this guidance sets a precedent for cybersecurity best practices for IIoT, increasing the need for secure industrial IT solutions and expertise from providers like NexInfo.
Executive Order on Improving the Nation's Cybersecurity (EO 14028) (2021)
This U.S. Executive Order mandates significant changes to federal cybersecurity practices, emphasizing software supply chain security, information sharing, and incident response.
This order drives a greater focus on cybersecurity within the entire supply chain, directly impacting manufacturing IT and requiring solutions from NexInfo that ensure software integrity and compliance.
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA)
CIRCIA requires covered critical infrastructure entities to report significant cyber incidents and ransomware payments to CISA (Cybersecurity and Infrastructure Security Agency).
This act places increased reporting burdens on manufacturing clients, necessitating robust data collection, incident response, and cybersecurity solutions that NexInfo can provide.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
