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Industry Landscape
The Managed IT Services industry is experiencing robust growth driven by increasing digital transformation, cybersecurity threats, and the need for operational efficiency. Businesses, especially SMBs, are outsourcing IT to reduce costs and gain access to specialized expertise. Cloud adoption and AI integration are key trends. The market is competitive, with a strong demand for proactive, tailored, and secure IT solutions.
Total Assets Under Management (AUM)
Managed Services Market Size in United States
~329.1 billion USD
(13.6% CAGR)
- Cloud-based services are a major driver.
- Cybersecurity needs are fueling demand.
- SMBs are increasingly adopting managed services.
Total Addressable Market
329.1 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Cybersecurity
AI and machine learning are enhancing threat detection, prediction, and automated response capabilities, moving cybersecurity from reactive to proactive.
Hyperautomation
Combining AI, Machine Learning, Robotic Process Automation (RPA), and other technologies to automate increasingly complex business processes, leading to greater efficiency and fewer errors.
Edge Computing
Processing data closer to the source of generation rather than relying on a central cloud or data center, reducing latency and improving real-time decision-making.
Impactful Policy Frameworks
NIST Cybersecurity Framework (CSF) 2.0 (2024)
NIST CSF 2.0, released in February 2024, provides updated guidance for organizations to understand, manage, and reduce cybersecurity risks, applicable to all sectors and sizes.
This updated framework increases the importance of proactive cybersecurity measures and risk management for MSPs and their clients, demanding more robust and adaptable security offerings.
SEC Cybersecurity Rules (2023)
Effective September 2023, the SEC mandates public companies to disclose material cybersecurity incidents within four business days and report annually on their cybersecurity risk management, strategy, and governance.
This policy directly impacts SPN Networks' clients in the finance and insurance sectors, creating a critical need for enhanced cybersecurity services, incident response planning, and clear reporting capabilities.
California Consumer Privacy Act (CCPA) and CPRA (2020, 2023)
The CCPA (2020), amended by CPRA (2023), grants California consumers significant rights regarding their personal information and places strict obligations on businesses regarding data collection, use, and sharing.
This regulation requires SPN Networks to ensure their data handling practices and those of their clients, especially retail and logistics businesses, are compliant with stringent data privacy and security standards, potentially necessitating new service offerings.
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