Technological advancements are rapid and are changing the way businesses operate. Establishing and growing a successful business requires the best technical support services. Technology dependency is increasing in the current business landscape as even small and medium enterprises need support to stay competitive. Technology hurdles can prove to be expensive and deter scaling of the business. Businesses are all set to partner with MSP, and the number of SMBs is expected to rise substantially.
- The value of the global managed services market was USD 161.37 billion in 2021
- It is estimated to reach USD 311.32 billion by 2027 at a CAGR of 12.44%
- The managed and consultancy IT services market will grow by 8% annually to touch $1.28 trillion in 2022
Maintaining an in-house IT team is not viable for everyone. MSPs or Managed (IT) Service Providers offer companies the flexibility to overcome their IT limitations. MSPs allow organisations to reduce costs, innovate faster, and transform IT operations (ITOps) across a dynamic business ecosystem.
With IT Managed Solutions, companies can build visibility into performance data to improve efficiency so organisations can focus on their core competencies.
Managed MSPs can help with day to day tasks to more complex ones like
- Datacenter solutions
- Network Administration
- Cloud computing and Data Backup
- Disaster recovery planning
- Cyber security
- Computer systems and Asset management
- End-user support
Why Partner with MSPs
The business operating system of the 21st century, cannot afford to be reactive but focuses on being proactive. With increasing dependence on digital transformation and automated systems, business losses with loss of productivity can be substantial if networks are down or email servers are hampered. As technology eases and enhances businesses and lives, the stakes also rise. The need for support and security takes prominence to mitigate any risks and losses. This is where a viable partnership with a quality MSP can fill the gap.
Managed services are proactive to simplify IT operations, enhance business productivity, and increase user satisfaction. Let’s assess what some of the major benfits of partnering with an MSP are :
Efficiency, Security, and Compliance
The Allianz Risk Barometer has cited Cyber perils as the biggest concern in 2022
- 50% more cyber-attacks per week on corporate networks were reported as compared to 2020. (cyber security intelligence)
A breach is expensive in terms of revenue as well as reputation. MSPs adhere to stringent safety and data management regulations. Moreover, they have the tools to offer backup and recovery options which, along with constant monitoring, ease the burden of system failures. A MSP can ensure compliance and protect your data better.
Mitigate downtime risks
IT downtime can hamper your business operations and bottom lines big time.
- Gartner states that the average cost of IT downtime is $5,600 per minute.
- With MSPs, companies can reduce overall downtime by almost 85% through constant monitoring and upgradations.
The industry average cost of IT downtime depends on many factors as in the sector with high level transactions (banks, eCommerce), the downtime duration, number of people affected etc. With MSPs, companies can reduce overall downtime by almost 85% through constant monitoring and upgradations.
OPEX – ensures budgeted and scalable costs
Investing in IT systems and infrastructure is necessary but also costly. Predicting and factoring spends based on future business growth needs is challenging. Managed service providers operate on fixed monthly rates, factored into OPEX, which takes care of breakdowns, maintenance, repairs, etc. Also updating and upgrading to the latest technologies are a big chunk of business expenses. MSPs offer access as well as experienced personnel to the latest IT innovations to ensure technology modernisation.
With proactive managed IT services, companies can reduce their breakdowns and breaches and ensure better compliance. With constant monitoring and backups, systems and data is more secure, which help reduce the incidents of downtime.
Team of Experts
The staff with MSPs are experienced and have a thorough knowledge of the latest technologies as well as remediation measures. This ensures that companies need not invest in expensive staff and skill development and leave the responsibility on the MSPs.
24/7 Monitoring and Support
An MSP will offer solutions in real-time and even across time zones to offer quick resolutions to IT problems. This ensures that systems are constantly monitored, reducing chances of failure, work is not hampered, and all users, including customers have better experiences.
Cloud-based access is a business aid that offers high value and enhanced productivity amongst teams. The cloud remote is working and access to network across devices at any time. An MSP can offer the benefits of secure cloud hosting and maintenance solutions.
What Are the Best Strategies for Choosing a Managed Service Provider?
Before signing on with an MSP, get to know the company. Your MSP should share your vision of long-term growth and scalability and sync with the latest trends and technologies.
At Orion, for example, we are known to go above and beyond the client’s expectations. A tech emergency does not come with timelines, so we offer 24/7 remote monitoring services to ensure the seamless workflow of your business. Our predictive analysis and tools, coupled with the best human resources will make technology work to your competitive advantage.
- MANAGED IT SERVICES TO BOOST YOUR BUSINESS
- THE IMPORTANCE OF MANAGED IT SERVICES: 4 REASONS TO HIRE AN MSP AND 40 REASONS TO HIRE ORION’s
- MANAGED IT SERVICES FOR GOVERNMENT CONTRACTORS
- MANAGED IT SERVICES: JUST HOW EDUCATED YOU SHOULD BE
- HOW TO FIND OUT IF MANAGED IT SERVICES ARE RIGHT FOR YOUR BUSINESS?
- WHY ARE MANAGED IT SERVICES IMPORTANT FOR BUSINESS?
- 7+ WAYS TO EVALUATE YOUR MANAGED IT SERVICE PROVIDER