Managed IT services outsourcing enables businesses to focus their time and resources on core business functions. Managed service providers perform a broad range of critical IT functions including but not limited to:
- Cloud infrastructure support & management
- Content management system (CMS) support
- Remote server management
- Network engineering monitoring and support
According to a report by MarketsandMarkets, the outsourced managed services market is expected to grow from US$ 223.0 billion in 2020 to US$ 329.1 billion by 2025, at an annual growth rate of 8.1%. The report cites a lack of skilled IT professionals, a need for cost reduction, and reducing IT budgets as key drivers for this growth.