European Managed Services Market Shares, 2022: Spending Slows Down Amid Recession Fears

European Managed Services Market Shares, 2022: Spending Slows Down Amid Recession Fears
Challenging market conditions resulted in organizations being more cautious in entering new or extending their managed services engagements, which resulted in single-digit growth in constant currency in 2022. Nevertheless, digital pockets of spending such as cloud-related managed services maintained the positive momentum we have seen over the past two years, said Francesca Ciarletta, lead analyst for European managed cloud services market in Europe, based in London.

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