The growing lack of skilled IT professionals cost minimization and reduced IT budgets of the companies, which promotes them to opt for managed services, are the major factors surging the growth of the managed services market size. The increasing adoption and advancement in cloud technologies like big data and the up-gradation of present technologies will further boost the growth of the managed services market. Small and Medium-sized Enterprises are largely adopting cloud technology, is one of the emerging managed services market trends that will encourage the demand for managed services among SMEs.
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