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Industry Landscape
The IT Services industry is experiencing robust growth, driven by digital transformation, cloud adoption, and escalating cybersecurity threats. Businesses increasingly rely on external providers for specialized expertise, cost efficiency, and scalability, leading to a high demand for managed services, data protection, and unified communications solutions.
Total Assets Under Management (AUM)
Managed Services Market Size in United States
~$101.4 billion (2024)
(13.6% CAGR)
Driven by increased adoption of cloud solutions.
Fueled by growing cybersecurity concerns.
Demand for efficient IT infrastructure management.
Total Addressable Market
1.3 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Cybersecurity
Artificial intelligence and machine learning are increasingly used to detect, predict, and respond to cyber threats in real-time, moving beyond traditional signature-based detection.
Edge Computing
Processing data closer to the source (e.g., IoT devices, local networks) rather than in a centralized cloud, reducing latency and bandwidth usage, especially critical for real-time applications.
Secure Access Service Edge (SASE)
A converged cloud-native security and networking framework that combines WAN capabilities with comprehensive network security functions like Zero Trust Network Access and Cloud Access Security Broker.
Impactful Policy Frameworks
NIST Cybersecurity Framework 2.0 (2024)
NIST CSF 2.0 is an update to the widely adopted cybersecurity framework, emphasizing governance, supply chain risk management, and the integration of cybersecurity into enterprise-wide risk management.
This policy will drive businesses to adopt more comprehensive and integrated cybersecurity practices, increasing demand for NG NetServ's advanced cybersecurity services and strategic consulting.
New York Shield Act (2020)
The Stop Hacks and Improve Electronic Data Security (SHIELD) Act in New York expands the scope of data breaches requiring notification and imposes more stringent data security requirements on businesses handling private information of New York residents.
This state-level policy necessitates enhanced data protection measures and incident response capabilities for businesses operating in or serving New York, directly benefiting NG NetServ's cybersecurity and data backup offerings.
Federal Communications Commission (FCC) Regulations on STIR/SHAKEN (Ongoing Enforcement)
The FCC continues to enforce STIR/SHAKEN caller ID authentication standards to combat illegal robocalls and spoofed calls across IP-based voice networks.
These regulations reinforce the need for robust, compliant VoIP solutions and services, strengthening the market for NG NetServ's business phone systems that adhere to these anti-spoofing protocols.
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