The IT managed services market size is ballooning. The modern economy has become reliant on well-crafted IT infrastructure to keep their operations up and running. Research Dive predicts the market will hit $411 billion in 2027, up from $174 billion in 2019, a Compound Annual Growth Rate (CAGR) of 10.2% in that period.
This is not simply about being competitive; to survive, businesses of all sizes need comprehensive solutions for their IT infrastructure.
Servicing the needs of companies both big (banks, governments) and small (small and medium-sized businesses (SMBs)), MSPs are cutting costs and increasing efficiency. The result has been an explosion in value for the industry and a higher demand for their services.
There are over 150,000 MSP companies globally, according to MSP Alliance. While that number did shrink in 2009, it has since rebounded in recent years.
This not only proves the resiliency of the market, but also demonstrates that this industry is crowding and standing out will take a proactive marketing strategy.
