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Industry Landscape
The IT Managed Services and Cybersecurity industry is experiencing rapid growth, driven by increasing cyber threats, the complexity of IT infrastructure, and stringent regulatory compliance requirements. Businesses, particularly SMEs, are outsourcing IT functions to gain access to specialized expertise, reduce operational costs, and enhance security postures. Cloud adoption and remote work trends are further fueling demand for comprehensive managed IT and security solutions, making it a highly competitive yet lucrative market.
Total Assets Under Management (AUM)
Managed IT Services Market Size in United States
~Approx. $110 billion
(13.6% CAGR)
- Increased adoption of cloud services.
- Growing demand for cybersecurity solutions.
- Need for cost optimization and operational efficiency.
Total Addressable Market
Approx. 280 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Cybersecurity
Utilizing artificial intelligence and machine learning to proactively detect, predict, and respond to cyber threats, enhancing detection rates and reducing manual intervention.
Zero Trust Architecture (ZTA)
A security model based on the principle 'never trust, always verify,' requiring strict identity verification for every user and device attempting to access network resources, regardless of their location.
Hyperautomation
The end-to-end automation of business processes, leveraging technologies like Robotic Process Automation (RPA), AI, ML, and intelligent business process management software.
Impactful Policy Frameworks
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA)
CIRCIA requires critical infrastructure entities to report covered cyber incidents and ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA) within specified timeframes.
This policy directly impacts Alvaka's clients in critical infrastructure sectors by imposing new mandatory reporting requirements, increasing the demand for Alvaka's incident response and compliance services.
NIST SP 800-171 Revision 3 (NIST SP 800-171 R3, DRAFT)
This is a proposed update to the NIST Special Publication 800-171, which provides guidelines for protecting Controlled Unclassified Information (CUI) in nonfederal systems and organizations, featuring enhanced controls and clearer implementation guidance.
The ongoing revisions to NIST 800-171 (like the draft for R3) will necessitate Alvaka to update its compliance offerings and further assist clients, especially those with DoD contracts, in meeting stricter CUI protection standards.
SEC Cybersecurity Disclosure Rules (2023)
The U.S. Securities and Exchange Commission (SEC) adopted new rules requiring public companies to disclose material cybersecurity incidents within four business days and annually report on their cybersecurity risk management, strategy, and governance.
While primarily affecting public companies, these rules create a ripple effect requiring robust cybersecurity practices across their supply chains, thus increasing the demand for Alvaka's security and compliance services from both public and private entities seeking to meet these stringent disclosure requirements.
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