Pressure of soil pushing up against the foundation wall, Hydrostatic pressure, or Foundation Settlement are only a few reasons why a foundation wall could be bowing or cracking. Either way, you want to get this looked at as soon as you can so the issue doesn't continue and possibly worsen over time.
For this customer, we have done several projects for them, Egress install, waterproofing and now foundation repair. This repair required 4 Carbon Armor Strips and 10, 8' Power Braces.