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Industry Landscape
The IT services industry is currently experiencing robust growth, driven by digital transformation initiatives, cloud adoption, and increasing cybersecurity threats. Businesses across sectors are heavily investing in IT to enhance efficiency, innovate, and maintain competitiveness. The demand for specialized skills and advanced solutions continues to rise, leading to a dynamic and evolving market landscape with significant opportunities for providers.
Total Assets Under Management (AUM)
IT Services Market Size in United States
~Over $400 billion
(5-7% CAGR)
Driven by cloud services adoption and increased spending on digital transformation. Strong demand for cybersecurity and managed services. Continued investment in modernizing legacy IT infrastructure.
Total Addressable Market
1.3 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Edge Computing
Edge computing processes data closer to the source, reducing latency and enabling real-time analytics for applications like IoT and AI, transforming data management.
AI-Ops
AI-Ops leverages artificial intelligence to automate IT operations, predicting and resolving issues proactively, enhancing efficiency and reliability of IT services.
Cybersecurity Mesh Architecture
Cybersecurity Mesh Architecture creates a distributed security framework that unifies disparate security tools, enabling more adaptable and scalable protection for diverse IT environments.
Impactful Policy Frameworks
American Data Privacy and Protection Act (ADPPA) - Proposed 2023
The American Data Privacy and Protection Act (ADPPA) is a proposed federal bill aimed at creating a comprehensive national data privacy standard, preempting many state laws, and establishing new consumer rights regarding their personal data, including data minimization and opt-out rights.
This policy would standardize data handling requirements, potentially simplifying compliance for businesses operating across states but requiring significant adjustments to data collection and processing practices.
NIST Cybersecurity Framework 2.0 (2024)
NIST Cybersecurity Framework 2.0, released in February 2024, expands its scope beyond critical infrastructure to all organizations, providing updated guidance for managing cybersecurity risks, with a new 'Govern' function and improved implementation examples.
The updated framework will push IT service providers to enhance their cybersecurity offerings and internal practices to align with broader industry standards and client expectations for robust security.
Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (October 2023)
This executive order directs federal agencies to set new standards for AI safety and security, protect privacy, promote innovation, and ensure responsible AI development across various sectors, including IT.
This order will likely spur demand for AI governance and ethical AI consulting services, impacting how Arcsona and its clients develop and deploy AI-powered solutions.
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