OnPage News: Managed Service Providers

MSPs - Managed Service Providers - OnPage

Article Courtesy of:  Virtual Strategy Magazine Global Market for Managed Service Providers is Flourishing   MSP market is witnessing shifting solution dynamics   The Managed Services Provider (MSP) market is flourishing, logging a robust growth rate of 11 to 16 percent in 2014 to reach US$85-90 billion. According to research recently published by Everest Group—a consulting and research firm focused on strategic IT, business services and sourcing—the current market size, in terms of Net Fee Income (NFI), is approximately US$1.5 billion. Everest Group also reports that fundamental changes are altering the solution dynamics of the global MSP market. For example, service providers are tapping a wider scope of talent, with the management of Statement of Work (SOW) consultants tripling. Moreover, offshoring is growing rapidly, multi-country and multi-continent engagements are accelerating, and direct sourcing is on the rise. “MSP buyers have already picked the relatively low hanging fruits, and now they […] Read more »