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Managed Services Spending Continues Aggressive Growth in 2018

January 30, 2018 by Area 51 Data Solutions

Managed Services Spending Continues Aggressive Growth in 2018

If the news from Gartner did not confirm this, then this data point definitely should. According to research firm BCC Research, the global managed IT services market will grow at 11.5% through 2021, producing roughly $256 billion. This number is similar to what MSPAlliance estimated the global managed services market was generating a few years ago.

The point is, all signs are pointing towards very healthy and sustained growth for providers of managed IT services. While the BCC Research study included larger providers such as IBM, DXC Technology, Fujitsu, Atos, Deutsche Telekom, Tata Consultancy Services, Huawei, Cisco, Accenture, and Wipro, the massive community of smaller and mid-sized MSPs around the world only adds to the fact that MSPs are in a very good position right now.

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