Why the Growing Cloud Managed Services Market is Beneficial for MSPs

October 29, 2018 / GuidesFor Team

Talking about migrating to the cloud is no longer a surprise today. According to the Grand View Research, the Cloud Managed Service Market was valued at $23.19 billion in 2016 and it was expected to increase at a rate of 15.4% over the forecast period. The same report also emphasized how enterprises prefer pay-as-you-go model to reduce IT cost.

As the growth of cloud managed services continues, an unexpected market has likewise benefitted – the managed service providers. These are companies that sell mitigation services so private cloud subscribers can switch to the public cloud. Through this, enterprises can move their applications to the cloud, sell to the cloud some services, and most importantly, manage and optimize the services enjoyed. – Crischellyn Abayon

Read the source article at Business 2 Community

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