MarketsandMarkets forecasts the managed services market to reach $256.05 billion in 2018, at a compound annual growth rate of 12.4%. The North America region is expected to have the largest revenue contribution.
Evolved managed services solutions and aggressive pricing have resulted in increased revenues for MSPs in recent years. With the expansion of cloud computing, big data, and mobility opportunities, MSPs are increasingly considered as a business essential rather than a business choice. It has been observed that customers who employ MSPs achieve their ROI in a shorter period of time than in-house managed service processes.