Find stats on top websites
Industry Landscape
The Enterprise Technology Solutions industry is currently experiencing robust growth, driven by digital transformation, cloud adoption, and demand for integrated solutions. Focus is on enhancing operational efficiency, cybersecurity, and data visibility, with increasing emphasis on AI, IoT, and sustainability.
Total Assets Under Management (AUM)
Enterprise Software Spending in United States
~Approximately 250 billion USD (2023 estimate)
(13.6% CAGR)
- Cloud-based solutions: Major driver.
- Data analytics & AI: Increasing adoption.
- Cybersecurity investments: Critical for growth.
Total Addressable Market
500 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Operations
Generative AI can optimize complex supply chain logistics, predict maintenance needs, and automate customer support interactions, leading to unprecedented operational efficiency and personalized service delivery.
Edge Computing & IoT Integration
Combining edge computing with IoT allows for real-time data processing closer to the source, enabling faster decision-making, enhanced security for connected devices, and improved efficiency in mobile and automated environments.
Digital Twins for Enterprise
Digital twins create virtual replicas of physical assets, processes, or systems, enabling real-time monitoring, predictive analytics, and simulation of changes to optimize performance and prevent failures before they occur.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF) 1.0 (2023)
The National Institute of Standards and Technology (NIST) released its AI Risk Management Framework to help organizations manage the risks of artificial intelligence, promoting trustworthy and responsible AI development and use.
This framework will require Levata and its clients to adopt robust processes for assessing, mitigating, and monitoring AI-related risks in their solutions, potentially increasing development costs but also fostering trust and broader AI adoption.
Cybersecurity and Infrastructure Security Agency (CISA) Shields Up (Ongoing since 2022)
CISA's 'Shields Up' initiative urges organizations to strengthen their cyber defenses against potential cyberattacks, particularly those targeting critical infrastructure, emphasizing vigilance and resilience.
Levata will need to continually enhance its cybersecurity offerings and ensure its integrated solutions meet higher security standards, providing an opportunity to deepen its expertise in secure enterprise technology solutions and gain client trust.
California Consumer Privacy Act (CCPA) - as amended by CPRA (2020/2023 enforcement)
The CCPA, significantly expanded by the California Privacy Rights Act (CPRA), grants California consumers more control over their personal information collected by businesses, requiring transparency and data subject rights.
Levata must ensure its data handling and analytics solutions, particularly those involving customer experience and supply chain visibility, comply with stringent data privacy regulations, potentially influencing data architecture and client service agreements.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
