Everyone wants to talk about the growth in cloud computing. By the end of the decade, cloud computing will generate more than $200 billion in annual sales for vendors and solution providers.
Pretty good, but guess what? Managed services is doing better. A new study by analyst firm MarketsandMarkets pegs the global managed services marketplace hitting $256 billion annually by 2018 as it follows a 12 percent annual growth rate.
Managed services is the success engine of the channel, as it gives solution providers predictable revenue and profit. Its ability to scale technical resources across multiple customers helps contain and drive down solution provider operating costs.
Driving managed services growth is the merging of the model with cloud computing. Businesses adopt cloud services and resources at an accelerated rate. What they don’t want is the management overhead that comes with administering all these services. They’re turning to solution providers to manage their clouds in the way they manage their on-premises infrastructure and applications.
This is trend is opening up a host of new opportunities for solution providers around the world.
The 2112 Group and our British partners, CRN UK, want to know how your managed services is growing and evolving. Please take 10 minutes to complete our managed services survey. The results will reveal the best practices MSPs are taking to evolve and grow their businesses in this multi-billion market opportunity.
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