The rise in the number of companies attempting to both digitally transform their operations while simultaneously reducing expenditure has led to a surge in the managed service industry, whether that’s hardware, software, cloud solutions, or a combination of all three.
The reason is fairly simple. A dedicated managed service provider is able to provide first tier technology solutions at moderate prices thus helping companies stay technologically solvent while still mindful of the bottom line.
Managed Services are an excellent option for those businesses that want to scale but don’t have the resources available to support the necessary infrastructure, or simply want to focus their attention on changing business strategy rather than fighting fires within their own systems.
Managed IT services can cover a range of business functions, from network, application, system, payroll, server, and backup/recovery solutions to workstation and printer management.
A growing area in managed IT services is security. With the ever growing risk of a malicious attack, some companies find it more efficient to outsource their IT security to a specialized managed security service provider (MSSP) who will handle the daily security workload as well as patch management, backup, and responses to any breaches.
Whether businesses decide a managed IT service provider is the right route for them, it is not a market that is going away anytime soon. In fact its market is expected to be worth approximately $258 billion by 2022, up from $152 billion in 2017 according to Markets and Markets.
As the number of offerings and the capability of existing offerings grows, there is no doubt that we will see companies of all sizes making use of managed IT services for varying parts of their business.