Global Managed Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Managed Services Market is expected to register a CAGR of 12.44% during the forecast period. SMBs are expected to be the driving factors that positively impact the market growth, as more and more SMBs are looking to outsource non-core activities. According to Datto, on average, MSPs report a client base of 122 clients, and about 60% of the MSP's clients have between 1-150 employees; also, only 5% of the MSPs reported clients with over 500 employees.
Key HighlightsThe Global Managed Services Market is consolidated, as major players dominate it. Some major players in the market are Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Fujitsu Ltd, and Wipro Ltd. The market players are forming strategic collaborations to enhance their market presence.
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