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Use MSPs to Maximize and Manage Your SaaS Solutions

managed service providerBetween 2017 and 2022, the managed services industry is predicted to grow from USD $152.45 billion to $257.84 billion, representing a compound annual growth rate of over 11 percent. Within the managed services market shines cloud-based technology, representing the fastest growing deployment type.

Cloud-based systems are expected to show the biggest CAGR over the next four years due to limited IT support for managing services, budgets needed for installing and implementing hardware and software to keep systems functioning properly, and the need for greater scalability. Without a doubt, cloud-based deployment models offer far greater scalability and agility than many on-premise alternatives.

Numerous startups and SMEs lack in-house capabilities and CAPEX to maintain complex infrastructures. Instead, these businesses rely on managed service providers (MSPs) to cater to their IT infrastructures and make sure they operate smoothly. BFSI and government institutions are also emphasizing the need to go digital in order to improve their overall operational efficiency. The adoption of the digital mode by so many businesses has increased the use of MSPs throughout the region.

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