The use of IT-managed service providers (MSPs) is surging as enterprises increasingly partner with MSPs to remotely manage various aspects of their IT systems, such as network and infrastructure management, cloud services, cybersecurity, storage and monitoring.
Industry research demonstrates that upward trend. In a study by Fortune Business Insights, the global managed services market size was valued at $283.90 billion in 2023 and is projected to grow from $316.87 billion in 2024 to $839.83 billion…