Managed IT Service Providers: Global Markets to 2021
The global market for managed IT services reached $149.1 billion in 2016. This market is estimated to reach $256.5 billion in 2021 from $166.7 billion in 2017 at a compound annual growth rate (CAGR) of 11.5% for 2017-2021.
The United States market will grow from $62.0 billion in 2017 to $94.5 billion in 2021 at a CAGR of 11.1% for 2017-2021.
Infrastructure services constitutes the largest segment of the managed IT services market at 47.1% of total sales followed by network services and security services.