Find stats on top websites
Industry Landscape
The enterprise software industry is currently in a state of rapid evolution, driven by increasing data volumes, the demand for actionable insights, and the integration of AI/ML. Organizations are prioritizing solutions that offer unified control over disparate systems, enhance operational efficiency, and support digital transformation initiatives without requiring costly data migrations. Focus is shifting towards data-as-a-product models and composable architectures.
Total Assets Under Management (AUM)
Enterprise Software Market Size in United States
~Approximately $250 billion in 2023
(12-15% CAGR)
Fueled by digital transformation across sectors. - Strong growth in AI, cloud computing, and cybersecurity. - Continued investment in operational efficiency tools.
Total Addressable Market
500 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI, particularly Large Language Models (LLMs), is transforming how insights are extracted from unstructured data, enabling more intuitive data interaction and automated content creation within enterprise systems.
Composability & API-First Architecture
The shift towards composable architectures with API-first design allows enterprises to build highly flexible, adaptable software solutions by assembling best-of-breed components rather than monolithic systems.
Data Fabric & Data Mesh Evolution
Advanced data fabric and data mesh implementations are enabling seamless, real-time data access and integration across diverse, distributed data sources, supporting decentralized data ownership and consumption as data-as-a-product.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF 1.0) 2023
The National Institute of Standards and Technology (NIST) released its Artificial Intelligence Risk Management Framework (AI RMF 1.0) in January 2023, providing voluntary guidance for organizations to manage risks associated with AI.
This framework encourages responsible AI development and deployment, impacting edgeTI by potentially requiring adherence to these guidelines for AI/ML orchestration and data governance to build trust and ensure compliance, particularly for government clients.
Cybersecurity Executive Order 14028 (2021) & Subsequent Guidance
President Biden's Executive Order 14028, issued in May 2021, aims to improve the nation's cybersecurity, focusing on enhancing software supply chain security, information sharing, and establishing a Cybersecurity Safety Review Board.
This order directly impacts edgeTI's secure data integration and application proxying features by increasing demand for secure-by-design solutions and robust supply chain security, especially for federal contracts.
Federal Data Strategy (Ongoing)
The Federal Data Strategy, an ongoing initiative under the Foundations for Evidence-Based Policymaking Act of 2018, aims to leverage federal data as a strategic asset, focusing on data governance, sharing, and ethical use.
The strategy reinforces edgeTI's 'Data-as-a-Product' and unified intelligence offerings by creating a greater need for platforms that can securely integrate and govern diverse federal data sources, driving demand for their solutions within government agencies.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
