With high demands and a bright future, an IT managed services company is in no-doubt a secure and promising industry. In 2019, the MSP market growth is confirmed with estimated revenues of more than $193 billion. The same fiscal year also showed a 30%-50% growth in the percentage of companies that hire MSPs.
This figure only goes to show the volume of demands for service providers in this particular niche. In line with this, there is also the continuous growth of MSPs, making the industry even more competitive. However, it is important to note that this growth only shows the macro numbers. Individual MSPs grow quite variably depending on how good your company is.