Organizations of all sizes recognize information technology (IT) ‘s critical role in their business’s efficient management and functioning. Managed IT services can help ensure that all infrastructure is managed in a proactive manner.
Data provided by Statista states that the managed services market was valued at over $186 billion in 2019 and is expected to grow to $356.24 billion by 2025. These facts further demonstrate the need for expert MSPs to monitor networks, protect against cyber threats, maintain data integrity, and respond to key performance indicators (KPIs).
Through strategic partnerships with MSPs, businesses can take full control over their technical operations, resulting in increased efficiency and productivity. Leveraging the expertise of an MSP eliminates time-consuming research involved with staying up-to-date on technology developments while maximizing scalability opportunities simultaneously. Ultimately, organizations have experienced several benefits from partnering with managed IT services, including cost reduction/controls, increased productivity, efficiency and many more.
7 Ways Managed Services Help In Business Growth
Managed IT services play an integral role in driving robust business success. These services can positively impact a company’s growth through the following:
1. Crisis Management And Preventive Supervision
Businesses require routine maintenance to maintain their IT infrastructure without issues and with minimal downtime. This includes activities such as system backups, virus scans, software updates, patching, monitoring, etc. Managed Services Providers (MSPs) can help you with this by offering services that ensure your business is equipped to handle any potential crises quickly and effectively.
In addition, MSPs can help businesses achieve and maintain the necessary measures required for compliance with Payment Card Industry (PCI) standards. In today’s world of online payments, there are many different payment methods – from credit/debit cards to bank transfers and mobile payments – making it even more important for companies to have effective security protocols in place. A knowledgeable MSP can provide customized solutions tailored specifically to the needs of your business so that you can rest assured that all data is secure.
2. Cost Effective
Savings on IT costs is one of the most important advantages of investing in enterprise-managed services. Without such services, organizations often struggle with high personnel expenses, employees taking on responsibilities outside their expertise and questionable growth rates.
With managed services, companies can learn to budget in advance for their monthly IT spending as the MSPs they partner with make sure that there’s always the right number of skilled technicians available for immediate deployment. This frees other members of the organization to focus on business-critical tasks instead.
Additionally, MSPs offer financial flexibility – partnering with an MSP allows businesses to pay a flat fee for certain services instead of buying costly bundles that include unnecessary features or additional hardware and software solutions. SLAs will be tailored to meet company needs, streamlining application ownership and improving productivity while keeping overall costs minimal.
3. Reduce Workload
Maximizing your IT investments is essential to the success of your business. Rather than waiting for a crisis, maintain control with managed services providers as an extension of your own IT department. Update systems regularly to ensure peak performance and protection from potential risks. With professional help, you can rest assured that your hardware, website, inventory, database and register systems all receive the necessary maintenance required to be successful. Stay in charge of managed service solutions.
4. Enhance IT Security
Business security requires a modern and comprehensive approach to ensure operational continuity and compliance. Such an approach must consider multiple devices used in the workplace, including laptops, desktops, smartphones, applications, tablets, servers, operating systems, browsers and wearable technology. It is essential that these devices are secure and adhere to a variety of regulations like GDPR, PCI and ISO. To ensure the smooth implementation of safe practices & standards, it may be beneficial for organizations to engage MSPs who understand these regulations from both technological and compliance perspectives.
5. Offer Up-to-date Technological Advancement
To ensure operational success and growth, businesses must stay abreast of emerging tech trends. An experienced Managed Service Provider (MSP) is the cost-effective and ideal solution for outsourcing your technical needs. In doing so, MSPs will keep your infrastructure up-to-date with the latest security patches, software updates, and more – creating a secure environment for your business operations.
The MarketsandMarkets research report published in 2018 has forecasted a 9.3% CAGR growth of the global managed services market size from USD 180.5 billion to USD 282.0 billion by 2023. The major forces driving this growth are organizations’ increasing need for cloud-based services, dependence on IT infrastructure to improve business productivity, and availability of specialized MSPs that offer cost-efficient managed services solutions.
6. High Maintenance And Upkeep
IT issues, such as daily operations, network reliability and system performance, and the overall state of the IT environment can be difficult to address without experienced technical help adequately. Managed service providers (MSPs) offer enterprise-level 24/7 coverage with capabilities like remote management and monitoring, early threat identification, suitable risk mitigation solutions, bug troubleshooting and remediation, proactive technical support for business continuity, cloud storage services, plus access to network management resources and skilled IT personnel – all without large upfront investments.
7. Enhances Productivity
For businesses looking to make effective and efficient use of their IT resources, a Managed Service Provider (MSP) offers the perfect solution. An MSP can provide reliable, streamlined, scalable, well-supported services thanks to a team of experienced IT experts. Hiring an MSP eliminates the need for large investments up-front so businesses can access network management resources better suited to their needs and budget.
To ensure that the right type of questions is being probed by the organization’s core IT team when considering hiring an MSP, it’s important to create a strategic process that aligns with both business growth and strategic plans. Through this method, businesses can make sure they’re taking steps toward making informed decisions that will benefit them in conjunction with their objectives.
Managed Service Providers (MSPs) offer top-notch IT support, enabling organizations to focus on their primary operations. By adopting a proactive approach and monitoring and analyzing the IT infrastructure around the clock, MSPs provide an efficient way of preventing major disruptions while enhancing user experience and pushing businesses forwards through improved productivity.