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Industry Landscape
The IT Services and Software Development industry is currently experiencing rapid growth, driven by accelerating digital transformation across all sectors. Demand for specialized skills, custom solutions, and flexible IT talent models like staff augmentation remains high. Cloud adoption, AI integration, and cybersecurity are key drivers, pushing companies to modernize and optimize operations.
Total Assets Under Management (AUM)
Market Size in United States
~Approximately 1.3 to 1.5 trillion USD
(8-10% CAGR)
- Driven by cloud adoption and digital transformation.
- Increasing demand for cybersecurity and AI solutions.
- Strong growth in enterprise software and IT consulting.
Total Addressable Market
1.8 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI & LLMs
Generative AI, particularly Large Language Models (LLMs), will revolutionize software development by automating code generation, testing, and documentation, significantly increasing efficiency and reducing development cycles.
Edge Computing
Edge computing will enable faster data processing and lower latency by bringing computation closer to the data source, critical for real-time applications in industries like healthcare and automation.
Blockchain Beyond Crypto
Blockchain technology will see increased adoption for secure data management, supply chain transparency, and digital identity verification in various sectors, including FinTech and healthcare.
Impactful Policy Frameworks
American Data Privacy and Protection Act (ADPPA) - Proposed
The American Data Privacy and Protection Act (ADPPA) is a proposed federal bill (first introduced in 2022, continued discussions in 2023-2024) aiming to create a national standard for data privacy, replacing the current patchwork of state laws and granting individuals new rights over their personal data.
This policy will require Applivity to ensure all software solutions and data handling practices comply with stringent national data privacy and security standards, affecting data collection, usage, and storage for US clients.
Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (2023)
Issued by President Biden in October 2023, this Executive Order directs federal agencies to establish new standards for AI safety and security, protect privacy, advance equity, and promote innovation and competition.
This order will influence the ethical and safety guidelines for AI solutions developed by Applivity, particularly for clients in critical sectors like healthcare and FinTech, requiring robust testing and transparency.
Cybersecurity and Infrastructure Security Agency (CISA) Regulations & Guidance (Ongoing)
CISA continually updates its guidance and regulations (e.g., in 2023-2024, focusing on critical infrastructure, software bill of materials, and incident reporting) to enhance cybersecurity defenses across U.S. industries against evolving threats.
Applivity must adhere to CISA's evolving cybersecurity best practices and potentially new reporting requirements, integrating these heightened security measures into all custom software and cloud solutions to protect client data and systems.
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