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Industry Landscape
The IT services industry is experiencing robust growth driven by digital transformation, cloud adoption, and AI integration. Demand for specialized consulting, cybersecurity, and data analytics remains high across sectors. Public sector IT spending is stable, fueled by modernization efforts, while the private sector seeks efficiency and innovation through technology. Skills gaps continue to drive demand for staff augmentation and specialized expertise.
Total Assets Under Management (AUM)
IT Services Market Size in United States
~Approximately 442.7 billion USD (2024)
(7.5% CAGR)
- Growth in cloud services adoption.
- Increased demand for cybersecurity solutions.
- Rise in AI and analytics investments.
Total Addressable Market
442.7 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI will enable automated code generation, intelligent automation of IT operations, and highly personalized customer service solutions, accelerating development and efficiency.
Edge Computing
Edge computing will decentralize data processing closer to the source, reducing latency and enabling real-time analytics for applications like IoT and autonomous systems.
Cybersecurity Mesh Architecture
This architecture will create a more distributed and adaptable security perimeter, improving protection for complex IT environments and hybrid cloud setups.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF 1.0) (2023)
The National Institute of Standards and Technology (NIST) published the AI Risk Management Framework to help organizations manage the risks of artificial intelligence.
This framework will guide PMCS Services in developing and deploying AI solutions responsibly, particularly for public sector clients, ensuring ethical considerations and risk mitigation are addressed.
Executive Order on Improving the Nation's Cybersecurity (EO 14028) (2021)
This U.S. Executive Order aims to improve the nation's cybersecurity, emphasizing software supply chain security, information sharing, and federal agency modernization.
This order drives increased demand for cybersecurity consulting, secure software development practices, and IT modernization projects within government agencies, directly benefiting PMCS Services' public sector offerings.
Federal Acquisition Regulation (FAR) Council Update on Supply Chain Risk Management (2023)
The FAR Council has been proposing and implementing rules to strengthen federal supply chain security, including requirements for contractors to identify and mitigate supply chain risks.
This policy will require PMCS Services to ensure their own and their clients' IT supply chains are secure, potentially increasing demand for their IV&V and risk assessment services, especially for public sector contracts.
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