Managed Services Market Growth Drivers, Opportunities & Statistics

Jakson25831 Jan, 2025Technology

The global Managed Services Market will grow from USD 365.33 billion in 2024 to USD 511.03 billion by 2029 at a compounded annual growth rate (CAGR) of 6.9% during the forecast period, according to a new report by MarketsandMarkets™. The Managed Services Market is growing as businesses look for ways to optimize operations by outsourcing crucial IT functions, such as security, network management, and infrastructure maintenance.

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