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Industry Landscape
The IT consulting and solutions industry is experiencing robust growth driven by accelerating digital transformation initiatives, cloud adoption, and the increasing complexity of enterprise IT. Demand for specialized services in AI, data engineering, and cybersecurity is surging, making it a highly competitive and dynamic market with continuous innovation.
Total Assets Under Management (AUM)
Market Size in United States
~Approximately $500 Billion USD
(10-15% CAGR)
- Digital transformation projects drive significant growth.
- Cloud adoption and migration services are key contributors.
- Demand for specialized AI and cybersecurity solutions fuels expansion.
Total Addressable Market
500 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI
Generative AI will revolutionize IT consulting by enabling automated code generation, intelligent test case creation, and hyper-personalized customer experiences, significantly boosting efficiency and innovation.
Composability (Composable Enterprise)
Composability allows businesses to rapidly assemble and reconfigure IT capabilities from packaged business capabilities, fostering extreme agility and resilience in the face of changing market demands.
Edge Computing with AI Integration
Combining edge computing with AI enables real-time data processing and decision-making closer to the data source, critical for IoT, industrial automation, and highly responsive applications.
Impactful Policy Frameworks
American Data Privacy and Protection Act (ADPPA) (Proposed)
The ADPPA is a comprehensive federal privacy bill proposed in 2022 aiming to establish a single national standard for data privacy, replacing the patchwork of state laws.
If passed, it would standardize data handling requirements for IT consulting firms and their clients, requiring significant adjustments to data privacy and security practices.
NIST Cybersecurity Framework 2.0 (2024)
NIST CSF 2.0, updated in February 2024, expands the framework's scope beyond critical infrastructure to all organizations, providing guidance for identifying, protecting, detecting, responding to, and recovering from cyber incidents, and adding a 'Govern' function.
This update will necessitate that IT consulting services like Selectiva Systems integrate enhanced governance and risk management into their security offerings, particularly for clients in manufacturing and pharmaceuticals.
Federal Acquisition Regulation (FAR) Council's Cybersecurity Requirements for Federal Contractors (Proposed)
Proposed updates to FAR in 2023 aim to strengthen cybersecurity requirements for federal contractors and subcontractors, including mandatory reporting of cyber incidents and adherence to specific security controls.
For Selectiva Systems, this would mean increased compliance burden and specialized cybersecurity service offerings for any clients seeking or performing work with the U.S. federal government.
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