The global managed services market was estimated to be worth 161.37 billion US dollars in 2020. North America is the largest market, while Asia Pacific is the fastest growing. It is projected that the global managed services market will exceed 300 billion US dollars in the near future. Major MSPs are dedicated to providing secure and tailored IT solutions to their customers by utilizing various advanced tools in their business units to protect them from any type of cyber attack.
As companies have had to adjust to remote work options and some industries have been affected by lockdown restrictions, MSPs have had to modify their service offerings to meet these changes. The COVID-19 pandemic has posed a challenge for many businesses, and managed service providers (MSPs) are no exception.