North America's Managed Service Provider (MSP) Services Market to 2023 - MSPs Will Generate $120 Billion of Revenue in 2023, Which is Approx 13% of the Total ICT Market in the Region

| Source: Research and Markets Research and Markets

Dublin, June 19, 2019 (GLOBE NEWSWIRE) -- The "The Managed Service Provider Services: North America Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

We expect that MSPs will be one of the fastest-growing routes to market; their revenue will grow at a CAGR of 12% between 2018 and 2023 and will account for 13% of the North American ICT market by 2023.

Managed service providers (MSPs) have a large and rapidly expanding opportunity. We expect that MSPs will account for 13% of the USD900 billion ICT market in North America by 2023. This report provides forecasts for nine different ICT service categories, with more-granular detail on the three most important service categories for MSPs: IT and managed services, infrastructure and business applications.

This report provides:

  • forecasts for nine different high-level service categories from 2018-2023
  • cloud and on-premises revenue growth comparisons
  • forecasts for spending across businesses of different sizes
  • more-granular forecasts for the service categories that are most important to MSPs: IT and managed services, infrastructure and business applications.

Key Topics Covered

Executive Summary

  • MSPs' revenue will grow at a CAGR of 12% between 2018 and 2023, driven by IT and managed services, business applications and infrastructure

Forecast Results

  • MSPs in NA will generate USD120 billion of revenue in 2023, which is around 13% of the total ICT market in the region
  • IT and managed services, infrastructure and business applications account for 78% of MSPs' revenue in NA and are expected to deliver significant revenue growth
  • MSPs' core target market is businesses with around 10-250 employees in NA, but businesses of all sizes offer revenue growth opportunities
  • IT and managed services: this category accounts for most of MSPs' revenue in NA and 65% of this revenue comes from support and consulting services
  • Infrastructure is one of the largest and fastest-growing components of MSPs' portfolios, driven by the growing demand for cloud server and networking services
  • Business applications revenue will increase at a CAGR of 20% in NA between 2018 and 2023, driven by basic SaaS such as email and productivity suites

For more information about this report visit https://www.researchandmarkets.com/r/opl52u

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