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Podcast: Business of Tech: Daily 10-Minute IT Services Insights
Episode: Managed Services Growth, PSA @ IT Nation Connect, PSA Competitors
Description: With a significant increase in global demand for cloud services and data security, the managed services market is expected to reach an estimated $393.02 billion by 2025. Factors contributing to this growth include the need for specialized providers to manage complex IT infrastructures and the rising trend of Bring Your Own Device (BYOD), which necessitates enhanced data security measures. North America leads the market, but Europe and Asia-Pacific are also experiencing substantial growth driven by cloud adoption and digital transformation.The episode highlights a recent report indicating a slowdown in managed services revenue growth, returning to pre-COVID levels, despite...