Show Me the Money: Partners See Margins in Managed Services

Managed services are a golden goose for channel partners, according to new figures. Managed services revenues are on course to exceed $472 billion globally this year. The represents double-digit growth and surpasses the estimated 3.5% growth in overall IT spending in 2023, says research from Cisco and Canalys. (Canalys and Channel Futures share a parent company, Informa.)

Customer needs and growing expectations of IT investments are driving the surge in managed services, according to the research.

The growth is fuelled by a rising demand for cybersecurity services and expertise. More than half (56%) of channel partners expect revenue growth from managed cybersecurity services in 2023.

“Managed service providers (MSPs) are uniquely positioned to help companies adapt to emerging technologies and optimize IT investments with agile and customizable solutions that meet business needs and challenges,” said the research’s author

See the slideshow above to find out what’s driving the managed services growth and how the regions compare.