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Industry Landscape
The IT Services & Consulting industry is currently experiencing robust growth, driven by accelerating digital transformation initiatives, the widespread adoption of cloud technologies, and increasing focus on cybersecurity. Companies are seeking external expertise to modernize infrastructure, optimize operations, and enhance resilience against evolving threats. Demand for specialized solutions like private cloud and AI integration is also on the rise.
Total Assets Under Management (AUM)
Managed Services Market Size in United States
~329.1 billion USD (2024)
(13.6% CAGR)
- Cloud-based managed services are driving significant growth.
- Increased demand for cybersecurity and IT infrastructure management.
- Adoption by SMBs and large enterprises for cost efficiency and expertise.
Total Addressable Market
329.1 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for IT Operations (AIOps)
Generative AI will enhance AIOps platforms by predicting and preventing outages, optimizing resource allocation, and automating complex IT tasks, leading to more resilient and efficient infrastructure.
Edge Computing Infrastructure
Edge computing pushes data processing closer to the source, reducing latency and bandwidth usage, which is crucial for real-time applications and highly distributed IT environments.
Cybersecurity Mesh Architecture (CSMA)
CSMA provides a composable and scalable approach to security, enabling independent security tools to interoperate and deliver more unified and adaptable protection across distributed IT assets.
Impactful Policy Frameworks
NIST AI Risk Management Framework (AI RMF) 1.0 (2023)
The NIST AI RMF is a voluntary framework for managing risks associated with the design, development, use, and evaluation of Artificial Intelligence products, services, and systems, promoting trustworthy AI.
This framework will influence the development and deployment of AI-powered IT services, necessitating responsible AI practices and risk mitigation strategies for providers like Redesign Group.
Cybersecurity Maturity Model Certification (CMMC) 2.0 (2021, ongoing updates)
CMMC 2.0 is a Department of Defense (DoD) program designed to ensure that defense contractors and their supply chain partners adequately protect sensitive unclassified information, featuring three compliance levels.
CMMC 2.0 will mandate specific cybersecurity practices for Redesign Group if they engage with DoD contracts, requiring rigorous adherence to secure IT services and data handling.
SEC Cybersecurity Rule (2023)
The SEC's new rule requires public companies to disclose material cybersecurity incidents within four business days and to annually disclose their cybersecurity risk management, strategy, and governance.
This rule will increase demand for robust cybersecurity services and incident response capabilities from Redesign Group, as clients seek to comply with stricter reporting and governance requirements.
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