The global managed services market is valued at USD 161.37 billion in 2021 and is expected to reach USD 311.32 billion by 2027, with a CAGR of 12.44% during the forecast period of 2022-2027. SMBs are expected to be the driving factors positively impacting market growth, as more and more SMBs are looking to outsource non-core activities. Big data stands to be a driving factor for productivity and efficiency.