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The phrase "significantly increases" is correct and usable in written English
You can use it when describing a notable or substantial rise in a particular quantity or value. Example: "The new marketing strategy significantly increases customer engagement."
Exact(60)
I'm not convinced Spotify significantly increases exposure, though.
A formal investigation significantly increases the pressure on the company.
The action significantly increases the leverage that states will have in negotiating with drug companies.
Using the same password for multiple online accounts significantly increases your odds of being compromised.
In addition, the law significantly increases Medicare payments to private health plans.
The budget significantly increases law enforcement resources for agencies that supervise Wall Street.
Neutropenia significantly increases the risk of life-threatening bacterial infection.
Untreated, it significantly increases the risk of stroke.
To be sure, virtualization significantly increases complexity.
This significantly increases the burn rate of the startups.
Accordingly, the network lifetime significantly increases.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com