A recent study commissioned by the UK's Department for Science, Innovation and Technology and executed by Perspective Economics with glass.ai's data assistance, reveals there are 11,492 active MSPs in the UK.
These businesses collectively yield an annual revenue of £52.6bn and provide employment for approximately 294,340 full-time workers.
This sector, encompassing a wide range from global IT enterprises to small local firms, has experienced an annual growth rate of 12% over the last five years.
Although large MSPs represent just 4% of these 11,492 businesses, they account for 74% (£38.8 bn) of the total revenue.
In contrast, mid-sized MSPs constitute 9% of the firms and generate 16% (£8.4bn) of the revenues, while small and micro MSPs, making up 28% and 59% of firms respectively, contribute only 10% of the total revenues.
