2026年第一季度MSP市场报告

NEW YORK | LONDON | LOS ANGELES | PARIS | MUNICH SAN FRANCISCO | BERLIN | DUBAI INDEPENDENT LEADER IN TECH INVESTMENT BANKINGDELIVERING SUCCESSFUL OUTCOMES FOR OUR CLIENTS 8 CORE VERTICALSINDUSTRY EXPERTISE BASEDON STORY Top global boutique investment bankfocused on mid-market Tech With senior advisor team of ex-corporate OVER 500TRANSACTIONSWith mid-cap growth focus 16 Partner level bankers8 offices in 5 countries •10x Investment bank of the year•45+ Deal of the year•6x Leadership awards STRONG TRANSACTION TRACK RECORD ACROSS THE GLOBAL TECH LANDSCAPE OVER 500+ TRANSACTIONS COMPLETED DRAKE STAR’S LEADERSHIP POSITION IN MSP M&A SAM LEVY IN THE MEDIA UNPARALLELED INSIGHTS AND RESEARCH PROVEN TRACK RECORD IN MSP M&A AND GROWTH FINANCING ADVISORY SAM LEVY +1 646 245 3550PartnerNew York MSP M&A DEAL ACTIVITY MOMENTUM CONTINUES IN Q1 2026100+ M&A TRANSACTIONS WITH 60% DEALS DONE IN EUROPE Investments in MSPs retained momentum in Q1 2026, with 121 transactions (up from 120 in Q12025). M&A transactions totaled 102 deals, accounting for 84% of total transactions Q1 2026 witnessed strategic as well as financial investors remaining active in acquiring ITservice providers to expand and strengthen their service offerings, with such transactions Strategic buyers continued active consolidation, with all the top 10 players acquiring at leastfive MSPs over the past two years. In contrast, most financial investors have typically limitedtheir activity to two MSP investments. The global MSP market value reached $350 billion in 2025 and is expected to grow to $850billion by 2034, driven by increasing IT complexities and demand for cost efficiency. STRONG MARKET TRACTION DESPITE ECONOMIC UNCERTAINTY $350bn ~10.4% 121 Expected market growth CAGRuntil 2034 Global managed service market MSP transactionsin Q1 2026 Top 3 Most Important Outcomes Achieved From Managed Services Assist in navigating the complexities Rapid deployment of new Outsourcing IT services to MSPsenables operating cost efficiencies AI IS ACCELERATING SERVICES, NOT DISINTERMEDIATING THEM AI is reshaping technology markets, but its impact diverges sharply between software and services. In software, AI has created aclear valuation bifurcation: AIleaders command 10–20x+ revenue, while much of the broader SaaS market has reset to ~4–8x, reflecting slower growth and increased investor selectivity. In contrast, services, and particularly MSPs, are not being disintermediated. As enterprise environments become more complexacross cloud, cybersecurity, data,and AI, demand for outsourced expertise continues to grow, positioning services firms as critical enablers of AI adoption ratherthan victims of it. AI is, however, fundamentally changing service delivery economics by automating lower-tier tasks, accelerating implementation cycles, and creating tangibleopportunities for margin expansion and operating leverage across scaled platforms. The most immediate impact is visible in M&A activity, where buyers are scaling platforms to fund AI investment, acquiring capabilities in data, cybersecurity, and AIintegration, and repositioning MSPs as AI-enabled strategic partners. Recent activity, includingThrive’scontinued consolidation, NWN Carousel’s expansion, andIntegris’s recapitalization by OMERS Private Equity, underscores sustained investor conviction in scaled MSP platforms. AI is driving valuation dispersion in software, but consolidation in services. For MSPs, AI is not a threat, it is a catalystfor scale, margin expansion, and increased "We are already seeing increased activity across the MSP landscape, with astrong pipeline of new processes expected to launch in the coming months as AI IT COMPLEXITIES AND COST EFFICIENCY DRIVING MANAGED SERVICES TOREACH $850B MANAGED SERVICES MARKET ESTIMATED TO GROW 10% Y-O-Y IN 2026 TO ~$390 BILLION, UP FROM $350 BILLION IN 2025 KEY DRIVERS Increasing Complexity:The swift advancement of technology, varied software Cost Efficiency:Managed services improve cost efficiency by optimizing resourceutilization and reducing operating expenses, thereby enhancing overall profitability. Businesses are increasingly choosing to outsource to MSPs for infrastructure and tools Cybersecurity Challenges:The rising incidence of cybersecurity threats is fueling theneed for MSPs, who provide specialized solutions such as 24/7 monitoring and threat Enhanced Business Agility: Managed services offer the flexibility to promptly adapt IT resources to changes in the market, customer requirements, and emerging M&A ACTIVITY CONTINUES TO GROW, DRIVEN BY IT SERVICES AT ~90% OFTOTAL DEALS 102 ANNOUNCED M&A DEALS IN THE US AND EUROPE IN Q1 2026, WITH $6M AGGREGATE DISCLOSED DEAL VALUE MSP PLATFORMS CONTINUE TO CONSOLIDATE WITH TOP 10 CLOSING 4+ DEALS EACH TOP MSP CONSOLIDATORS | Q2 2024–Q1 2026 U.S. CONTINUES TO BE THE LARGEST M&A MARKET TOP M&A DEALS IN THE MSP SPACE | Q1 2026 SELECT M&A DEALS IN THE MSP SPACE $3.5M