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Managed service providers (MSPs) are in a key position to capitalize on the growth of the managed services market, especially with the increased popularity of cloud computing among companies of all sizes.
According to Statista, the managed services market revenue should see a compound annual growth rate (CAGR) of 2.61% between now and 2028, when the market volume could reach $26.72 billion. This revenue boost could attract new entrants to the managed services market, so you’ll need to stay up to date in your service offerings to remain competitive.