Managed Services Market Projected To Reach USD 731.08 Billion By 2030
San Francisco, 4 Sep 2024: The Report Managed Services Market Size, Share, & Trends Analysis Report By Solution, By Managed Information Service (MIS), By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2024 - 2030 The global managed services market size is projected to reach USD 731.08 billion by 2030, according to a new study conducted by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 13.6% from 2023 to 2030. Strengthening profit margins, which cater efficiently to the needs of dynamic business environments, and improvements in operational efficiency are also expected to contribute to the growth of the market. Benefits associated with managed services implementation, such as a significant reduction in IT operational expenses and increased organizational efficiency, are also anticipated to drive market growth. Managed services help reduce recurring in-house IT expenditures by ensuring the IT infrastructure is running at o