Looking Ahead
As enterprises push toward the digital future in response to economic turmoil, the demand for IT in 2023 is expected to remain strong, according to Progress Partners.
Revenue in the IT managed services market is projected to reach $1.2 trillion in 2023. The market’s largest segment is IT outsourcing, with a projected market volume of more than $430 billion this year.
Expect revenue to sport a compound annual growth rate (CAGR) of almost 6.9%, resulting in a market volume of $1.6 trillion by 2027.
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