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What is a managed service provider? Strategic outsourcing for IT services

CIO Business Intelligence

Related: Building elasticity in outsourced managed services ] Current state of the MSP market According to Mordor Research , the managed services market will grow to $380 billion by 2028, up from $260 billion in 2023, buoyed by increased adoption of the model among SMBs, as they look to outsource non-core IT systems and functions. “