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August 2020

Third-Party IT Maintenance Providers

According to Grand View Research, the global IT services outsourcing market size is large ($520b in 2019) and growing (~8% CAGR from 2020 to 2027), as large enterprises seek ways to make their IT spending go further and reduce operational costs, while SMBs look to access IT capabilities typically reserved for their larger peers. M&A in the sector is brisk and expected to continue as larger businesses attempt to gain share and acquire hot talent / skillsets, while smaller business consolidate to achieve greater scale.

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