MSP Global Market: 2019-2022
The estimated global revenue for Managed Service Providers (MSPs) in 2019 is $190,655,423,521. Additionally, the projected growth rate for the MSP market over the next three years is 12% while the projected global revenue for MSPs in 2022 is $267,857,142,857.
- According to our data-based calculation (explained below), the estimated global revenue for MSPs in 2019 is $190,655,423,521.
- The projected, annual growth rate for MSPs over the next three years is 12%.
- According to our data-based calculation (explained below), the projected global revenue for MSPs in 2022 is estimated at $267,857,142,857.
- The growth rate for MSPs in 2018 was 12%.
- The growth rate for MSPs in 2017 was 8%.
- The growth rate for MSPs in 2016 was 15.1%.
Your research team applied the following strategy:
From our research, we were able to find two essential data points i.e. the 2023 estimated MSP market size of $300 billion and the Compound Annual Growth Rate (CAGR) of the MSP market from 2018-2023 i.e 12%.
With the above data points, we were able to calculate the estimated global revenue for MSPs in both 2019 and 2022 by using the formula that follows below:
*** Market Size = (2023 Market Size) / (1+CAGR) ^ (No of years between 2023 and the market size year being calculated).
We needed to calculate these estimated market sizes because the report that we utilized (which was the best source we found that provided sufficient data pertaining to the size of the global MSP market) did not expressly state the market size values for 2019 and the forecasted market size for 2023. However, the report contained data points that were sufficient for conducting the triangulation of the market sizes for both 2019 and 2023.
In applying the aforementioned formula, our 2022 calculation was as follows:
*** 2022 Market Size = ($300,000,000,000) / (1.12)^1 = $267,857,142,857.
In applying the aforementioned formula, our 2019 calculation was as follows:
*** 2019 Market Size = ($300,000,000,000) / (1.12)^4 = $190,655,423,521.
The data that we found on the growth rate for MSPs in 2016 and 2017 was included in a report published by the research and consulting company Analysys Mason. Lastly, we ensured that our research findings are global in scope because the market research report summary is titled "Managed Service Provider Services: Worldwide Forecast 2018-2023" and the content in the report from Analysys Mason is international in scope.