Managed Service Providers (MSPs) need to develop a strategic vision and differentiate to succeed
- Continued market growth but increasing competition for MSPs
- MSP challenges, opportunities and threats to be addressed at Managed Services and Hosting Summit in London later this month
[London, 6 September 2018] The Global managed IT services market continues to grow and is expected to expand at a CAGR of 9.4% through to 2024, taking the total market value from USD 145.3 billion in 2016 to a projected USD 249.4 billion by the end of 2024 according to recent research from Wise Guys Reports. But competition is hotting up and it is clear from research by Gartner and others that MSPs globally are facing a multi-faceted struggle to grow their businesses.