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Industry Landscape
The business technology solutions industry is currently characterized by intense competition, rapid technological advancements, and evolving cybersecurity threats. Businesses are increasingly seeking comprehensive and integrated solutions to optimize operations, manage costs, and enhance security. Cloud-based services, managed print solutions, and cybersecurity measures are gaining prominence. Companies are adapting to changing customer needs by offering tailored solutions and proactive support.
Total Assets Under Management (AUM)
Market Size in United States
~432 billion USD
(3.5% CAGR)
- Increased IT spending
- Digital transformation initiatives
- Growing cybersecurity concerns
Total Addressable Market
432 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Cloud Computing
Cloud computing enables businesses to access and manage resources over the internet, providing scalability, flexibility, and cost savings.
Artificial Intelligence (AI)
AI-powered solutions automate tasks, improve decision-making, and enhance customer experiences through machine learning and data analysis.
Enhanced Cybersecurity Solutions
Enhanced cybersecurity measures protect sensitive data and infrastructure from evolving cyber threats, ensuring business continuity and regulatory compliance.
Impactful Policy Frameworks
California Consumer Privacy Act (CCPA)
The CCPA (2018) grants California consumers broad rights over their personal data, including the right to know, the right to delete, and the right to opt-out of the sale of their personal information.
Requires ABM to implement robust data protection measures, increasing costs for compliance but enhancing customer trust and reducing legal risks.
California Data Breach Notification Law
This law mandates that businesses notify individuals of security breaches involving their personal information, ensuring transparency and accountability in data protection (California Civil Code § 1798.29).
Impacts ABM by necessitating strong cybersecurity defenses and incident reporting protocols to safeguard customer data and maintain operational resilience.
Section 508 Amendment to the Rehabilitation Act
This federal law requires that electronic and information technology developed, procured, maintained, or used by the federal government be accessible to people with disabilities (29 U.S.C. § 794d).
Encourages ABM to offer accessible and compliant IT solutions, fostering inclusivity and expanding their market reach to organizations prioritizing accessibility.
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