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Industry Landscape
The professional services industry, particularly in technology and government contracting, is experiencing significant growth. Demand for specialized talent in cybersecurity, AI, and cloud computing is high. Regulatory compliance and digital transformation initiatives drive continued investment, making it a dynamic and competitive landscape.
Total Assets Under Management (AUM)
Federal IT Spending in United States
~$100 Billion (Estimate for 2024)
(5.5% CAGR)
- Increased investment in cybersecurity and cloud adoption.
- Modernization of legacy systems across agencies.
- Focus on AI and data analytics integration.
Total Addressable Market
2.5 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI will automate content creation, code generation, and complex data analysis, significantly enhancing efficiency in IT operations and software development.
Quantum Computing
Quantum computing has the potential to revolutionize data encryption, drug discovery, and complex optimization problems, offering unparalleled processing power for highly specialized tasks.
Edge Computing
Edge computing processes data closer to its source, enabling faster real-time decision-making, reduced latency, and enhanced security for distributed systems and IoT deployments.
Impactful Policy Frameworks
Executive Order on Improving the Nation's Cybersecurity (EO 14028, 2021)
This EO aims to improve U.S. cybersecurity by mandating various measures including software bill of materials (SBOMs), incident reporting, and cloud security enhancements for federal agencies.
It drives increased demand for cybersecurity services, secure software development, and cloud migration expertise, directly benefiting Averro's offerings.
National Cybersecurity Strategy (2023)
The strategy outlines a vision for a defensible, resilient, and values-aligned digital ecosystem, emphasizing public-private partnerships and critical infrastructure protection.
It reinforces the market need for sophisticated cybersecurity solutions and strategic consulting, aligning with Averro's core service areas and pushing for broader adoption of secure practices.
DOD Cybersecurity Maturity Model Certification (CMMC 2.0, 2021 Revisions)
CMMC 2.0 streamlines cybersecurity requirements for defense contractors, focusing on federal information security regulations (NIST 800-171) and third-party assessments for critical programs.
It mandates specific cybersecurity practices for defense suppliers, increasing the need for compliance assessments, secure IT infrastructure, and cleared personnel familiar with these standards, a direct fit for Averro's specialization.
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