The IT Managed Services and Cybersecurity industry is experiencing rapid growth, driven by increasing cyber threats, the complexity of IT infrastructure, and stringent regulatory compliance requirements. Businesses, particularly SMEs, are outsourcing IT functions to gain access to specialized expertise, reduce operational costs, and enhance security postures. Cloud adoption and remote work trends are further fueling demand for comprehensive managed IT and security solutions, making it a highly competitive yet lucrative market.
Total Assets Under Management (AUM)
Managed IT Services Market Size in United States
~Approx. $110 billion
(13.6% CAGR)
- Increased adoption of cloud services.
- Growing demand for cybersecurity solutions.
- Need for cost optimization and operational efficiency.
Approx. 280 billion