How large is the MSP market?

The global managed services market is valued at 152.02 billion U.S. dollars in 2020. The largest market is North America, while the fastest growing market is Asia Pacific. Overall, the global managed services market is excpected to reach around 274 billion U.S. dollars by 2026.

How many MSPs are there globally?

According to a report by MSP Resources, the United States is the largest market for managed service providers by revenue. It is estimated that there are about 130,000 managed services providers globally.

How many companies use MSPs?

In 2019, 78\% of this revenue was generated by IT and managed services, infrastructure, and business applications. So how many MSPs are there in the US? In 2019, ConnectWise estimated that there are about 40,000.

What is MSP market?

A managed service provider (MSP) delivers services, such as network, application, infrastructure and security, via ongoing and regular support and active administration on customers’ premises, in their MSP’s data center (hosting), or in a third-party data center.

Are MSPs profitable?

That said, Service Leadership INDEX research indicates that the average profit margin for MSPs is 8 percent, while “best in class” MSPs have margins of 18 percent.

When did managed services start?

The Beginning of Managed Services. Managed Service Providers evolved around the late 1990s when Application Service Providers, or ASPs, began to emerge on the scene, helping to pave the way for remote support of IT infrastructure.

How many SMBs use an MSP?

Only two percent of both SMBs and enterprises are currently involving an outsourced MSSP or an MSP in their IT security operations. Additional findings from the study include: Half (52\%) of enterprises and 45\% of SMBs have a dedicated IT security department.

Is DXC a MSP?

Geoscience Australia replaces DXC with Cirrus as MSP.

Who are the best MSPs?

Managed services providers (MSPs) deliver a wide array of IT and cloud computing services on a contract or subscription basis….Jump to:

• IBM.
• Infosys.
• LTI.
• NTT Data.
• PwC.
• Rackspace.
• Tata Consultancy Services.
• WiPro.

How do you market a new MSP?

So let’s highlight three of the top marketing strategies MSPs reported using.

1. Referral Marketing. Many businesses take referrals for granted, and very few have a plan in place for generating referrals.
2. Social Media Marketing. Social media is an important marketing and branding activity.
3. Email Marketing.