M&A Demand for Managed Service Providers in 2024
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M&A Demand for Managed Service Providers in 2024
The Managed Service Provider (“MSP”) industry has undergone a significant transformation in recent years, powered by advancements in technology, evolving business landscapes, and the movement toward cloud-based services. As of 2023, the global MSP market size was an estimated $299 billion, and experts project the industry to grow at a CAGR (compound annual growth rate) of 13.6% globally and 12.8% in the U.S. market through 2030 (Grand View Research). MSPs are identifying major opportunities to capitalize on market share amidst an expected general economic slowdown and as margin-pressured businesses look to streamline their IT operations. In an increasingly competitive environment, providers are honing in on enhancing the customer experience and expanding their capabilities to support customers’ needs across the technology landscape.
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