Find stats on top websites
Industry Landscape
The digital product consultancy industry is experiencing robust growth, driven by increasing demand for digital transformation, AI integration, and app modernization across various sectors. Companies are seeking external expertise to accelerate product development, enhance user experience, and leverage emerging technologies to stay competitive. Specialization in cloud platforms and AI is becoming crucial for market differentiation.
Total Assets Under Management (AUM)
Digital Transformation Market Size in United States
~$1031.11 billion (2023)
(24.1% (2024) CAGR)
• Driven by cloud adoption and data analytics.
• Increased investment in AI and machine learning.
• Focus on enhanced customer experience and operational efficiency.
Total Addressable Market
2.1 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI will enable rapid prototyping, automated code generation, and personalized UI/UX design, significantly accelerating product development cycles and enhancing user experiences.
Composable Architecture
Composable architecture allows for more flexible and scalable digital product development by breaking down systems into interchangeable modules, fostering reusability and faster innovation.
Low-Code/No-Code Platforms
Low-code/no-code platforms empower businesses to quickly build and iterate on applications with minimal traditional coding, democratizing product creation and increasing development speed.
Impactful Policy Frameworks
American Data Privacy and Protection Act (ADPPA)
The proposed ADPPA (2022) aims to establish a comprehensive federal data privacy law in the United States, regulating how companies collect, use, and share personal data.
This policy will require Impekable to ensure all developed digital products and services are compliant with new data handling and privacy standards, potentially necessitating re-evaluation of data architecture and user consent mechanisms for clients.
Artificial Intelligence Act (EU AI Act)
While not directly a US policy, the EU AI Act (2024), expected to be adopted globally, categorizes AI systems by risk level and imposes strict requirements on high-risk AI applications regarding data governance, transparency, and human oversight.
As Impekable expands its AI development services, this regulation will necessitate building AI solutions with 'privacy-by-design' and 'ethics-by-design' principles, increasing compliance complexity and requiring robust testing and documentation.
California Privacy Rights Act (CPRA)
The CPRA (effective January 1, 2023) expanded upon the California Consumer Privacy Act (CCPA), granting consumers more control over their personal information and establishing the California Privacy Protection Agency (CPPA).
Impekable must ensure its digital product development for US-based clients, especially those operating in California, adheres to enhanced consumer data rights, including the right to correct and limit the use of sensitive personal information.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
