Multi-Vendor Support Services Market Research Report, By Service Type (Hardware and Software), Busin

Soham26 Nov, 2021Technology

Globally,the multi-vendor support services market is expected to grow from USD 52.34 billion in 2018 to USD 62.57 billion by 2023, at a CAGR of 3.6% during the forecast period, 2018?2023. Strong need to keep business processes operative and achieve 100% uptime, and increasing adoption of new and advanced ICT tools and systems act as the major driving factors for the growth of multi-vendor support services globally. However, security and privacy concerns and stiff competition due to the presence of large number of service providers in the market are restraining growth of the market.