Technological advancements are rapid and changing the way businesses operate. Building and growing a successful business requires the best technology support services. The reliance on technology is increasing in today’s business world as even small and medium sized businesses need support to remain competitive. Technology hurdles can prove costly and hinder the scaling of the business. Businesses are willing to work with MSPs, and the number of small and medium-sized businesses (SMBs) is expected to grow significantly.
·The global managed services market was valued at $ 161.37 billion in 2021.
·It is estimated to reach a value of USD 311.32 billion by 2027, at a CAGR of 12.44%.
·The managed and advisory services market IT will grow at 8% annually, reaching USD 1.28 trillion in 2022
Maintaining an internal IT team is not feasible for everyone. MSPs or Managed (IT) Service Providers offer companies the flexibility to overcome their IT limitations. MSPs enable enterprises to reduce costs, innovate faster, and transform IT operations (ITOps) in a dynamic enterprise ecosystem.
With IT Managed Solutions, enterprises can gain insight into performance data to improve efficiency so they can focus on their core competencies.
Managed MSPs can help with day-to-day to more complex tasks such as:
·Data center solutions
·Cloud computing and data protection
·Disaster recovery planning
·Computer systems and asset management
·End User Support
Why partner with MSPs?
The 21st century business operating system cannot afford to be reactive; instead, it focuses on being proactive. With increasing reliance on digital transformation and automated systems, business losses with lost productivity can be significant when networks go down or email servers become disabled. As technology makes business and life easier and better, so does its use. The need for support and security comes to the forefront to minimize risk and loss. This is where a viable partnership with a quality MSP can fill the gap.
Managed services proactively simplify IT operations, increase business productivity and enhance user satisfaction.
Let us examine the benefits of partnering with an MSP:
·Efficiency, security and compliance: The Allianz Risk Barometer has named cyber threats as the top concern in 2022.
50% more cyber-attacks per week on corporate networks reported compared to 2020. (Cyber Security Intelligence)
A security breach is costly, both in terms of revenue and reputation. MSPs adhere to strict security and data management policies. They also have the resources to provide backup and recovery options that, along with constant monitoring, reduce the burden of system outages. An MSP can ensure compliance and better protect your data.
·Minimize downtime risks: IT downtime can significantly impact your business operations and your bottom line.
Gartner states that the average cost of IT downtime is $5,600 per minute.
With MSPs, businesses can reduce overall downtime by nearly 85% through constant monitoring and upgrades.
The average cost of IT downtime depends on many factors, such as the volume of transactions (banking, ecommerce), the duration of downtime, the number of people affected, etc. With MSPs, companies can reduce the total downtime by almost 85% through continuous monitoring and upgrades.
·OPEX – ensures budgeted and scalable costs: Investing in IT systems and infrastructure is necessary, but also costly. It is challenging to predict and budget for expenses based on the future growth needs of the business. Managed service providers operate on fixed monthly rates factored into OPEX that provide for downtime, maintenance, repairs, etc. Updates and upgrades to the latest technologies also make up a large portion of business expenses. MSPs provide both access to the latest IT innovations and experienced staff to ensure technology upgrades.
·Proactive Solutions: With proactive managed IT service (Website Development Company in Jodhpur), organizations can reduce their outages and breaches and ensure better compliance. With constant monitoring and backups, systems and data are more secure, helping to reduce downtime.
·A team of experts: MSPs’ staff are experienced and have extensive knowledge of the latest technologies and remediation techniques. This ensures that companies do not need to invest in expensive staff and skills development and leave the responsibility to MSPs.
·24/7 monitoring and support: An MSP provides solutions in real time and even across time zones to provide quick solutions to IT problems. This ensures that systems are constantly monitored, which reduces the risk of errors, does not hinder work, and provides a better experience for all users, including customers.
·Cloud-based services: Cloud-based access is an enterprise tool that offers great value and improved team productivity. The cloud enables remote work and cross-device access to the network at any time. An MSP can provide the benefits of secure cloud hosting and maintenance solutions.
What are the best strategies for choosing a managed service provider?
Before choosing an MSP, you should get to know the company. Your MSP should share your vision of long-term growth and scalability and keep up with the latest trends and technologies.
At DV Tech Solutions (Website Development company in Jodhpur), for example, we are known for exceeding our customers’ expectations. In the event of a technical emergency, there are no time constraints. That’s why we offer 24/7 remote monitoring services to keep your business running smoothly. Our predictive analytics and tools, paired with the best people, ensure that technology contributes to your competitive advantage.