The adoption of managed services is accelerating both globally and regionally, driven by the need for operational efficiency, cost optimization, and technological innovation, among other goals. Industries such as IT, telecom, manufacturing, and media have embraced this model, but the financial services sector seems to be outperforming them. According to statistics, the global managed services market was valued at nearly $300 billion in 2023, with financial institutions holding the largest share among all sectors. 

In the MENA region, the managed services market is poised for steady growth, both in market size and revenue. The market size is projected to achieve a robust compound annual growth rate (CAGR) of 14.1% from 2023 to 2030. Meanwhile, revenue is expected to reach USD 0.60 billion by 2029, with a CAGR of 2.90% until 2029. This gradual yet positive trajectory reflects the growing recognition among organizations of the value Managed Services Providers (MSPs) bring to enhancing operational efficiency and optimizing business processes. 

In our whitepaper, ‘Managed Services in MENA Financial Institutions: A Path to Operational Excellence,’ we examine the global growth of managed services and narrow down to the MENA region. We explore the model’s role in driving digital transformation and share strategies for achieving true operational efficiency, supported by successful case studies.  

Download it now for comprehensive insights.