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Industry Landscape
The software development and technology consulting industry is experiencing robust growth, driven by digital transformation initiatives across all sectors. Cloud adoption, AI integration, and the increasing demand for bespoke, accessible digital solutions continue to fuel expansion. Competition is intense, with a strong focus on niche expertise like digital accessibility and specialized consulting. The market prioritizes agility, scalability, and security.
Total Assets Under Management (AUM)
Custom Software Development Market Size in United States
~Approximately $200 billion (estimated for 2023-2024)
(10-15% CAGR)
- Demand for enterprise solutions.
- Proliferation of mobile and web apps.
- Increased focus on digital accessibility compliance.
Total Addressable Market
200 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Development & Testing
AI and Machine Learning are increasingly being used to automate code generation, optimize development workflows, and enhance testing processes, leading to faster delivery and improved software quality.
Advanced Digital Accessibility Tools
New AI-driven tools and frameworks are emerging that can automatically detect and even remediate accessibility issues, making it easier and more efficient to build inclusive digital experiences.
Low-Code/No-Code Platforms (LCNC)
LCNC platforms are gaining traction, allowing businesses to rapidly build applications with minimal coding, which could shift the demand for traditional custom development towards more complex, specialized projects and integrations.
Impactful Policy Frameworks
Americans with Disabilities Act (ADA) Web Accessibility Lawsuits (Ongoing)
While not a new law, the ADA continues to be the primary legal framework for digital accessibility in the US, leading to ongoing lawsuits against companies whose websites and mobile apps are not accessible to individuals with disabilities.
This policy directly increases demand for Foundry Interactive's digital accessibility services, as businesses seek compliance to avoid legal action and expand their customer base.
California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA) (2020/2023)
CCPA, expanded by CPRA in 2023, grants California consumers more control over their personal information and imposes strict data protection and privacy requirements on businesses that collect, use, and share personal data.
It necessitates robust data security and privacy features in custom software development, potentially increasing project scope and complexity for Foundry Interactive to ensure client compliance.
Executive Order on Improving the Nation’s Cybersecurity (EO 14028) (2021)
This executive order from the Biden administration focuses on modernizing cybersecurity defenses for federal government entities and their contractors, emphasizing secure software development, supply chain security, and information sharing.
While primarily for federal contractors, it sets a higher standard for secure software development practices that can influence private sector expectations, thus benefiting Foundry Interactive's focus on quality and security.
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