The Top 5 Benefits of Managed IT Services

The global managed services market was valued at US$312 billion in 2023 and is predicted to more than double in value by 2030. Why is the market growing so quickly? Simply put, more and more businesses are realising the benefits of managed services and what they can do to help with business growth. By relying on managed IT service providers (MSPs) to take care of IT and digital needs, businesses of all sizes can save a lot of time and money.

There are many excellent benefits of using managed services but some of the top advantages include the ability to focus on core business objectives, get the right expertise, and avoid costly downtime. Let’s explore these key benefits and how engaging an MSP could benefit your business.

1. Focus on Core Business Goals

One of the most significant benefits of using managed IT services is that it allows business owners to focus on their core goals. Instead of getting caught up in technology needs and trying to arrange it all in-house, you have the option of handing the responsibility over to the experts. Even if you have an in-house IT team, you may find that the demand on them grows with your business. They might not have the capacity to take on more responsibility, but hiring more staff may not be viable, either. Instead, you can expand your team using a co-managed model by finding an MSP that understands your goals and can help you reach them.

By filling in the gaps in your IT, you can ensure there are no vulnerabilities and you’re able to keep up with your competitors. There’s no need to expend so much energy trying to manage various technological challenges. You can focus on your core objectives, allowing your chosen service provider to meet your needs.

2. Secure the Expertise You Need

Finding the right IT staff is often challenging, especially when you’re trying to stay within the confines of a budget. Even your existing IT team won’t always have the skills you require at all times, especially as technology moves at such a fast pace. Sometimes you need outside help to provide the skills and expertise you’re looking for. Hiring more in-house IT staff can be extremely expensive and time-consuming, and may make little sense if you don’t need their full time skills. If it’s something you would rather avoid, turning to MSPs can solve the problem.

You benefit from a whole team of IT experts who can assess your needs and deliver what you require. And it all comes at a fraction of the price you would be paying if you started the process of hiring more staff. You save money on recruitment and you save money paying for external services rather than dealing with all of the costs that come with being someone’s employer. The flexibility offered by an IT services provider can’t be met by more permanent staff.

3. Prevent Costly Downtime

Downtime can cost your business dearly. When your systems aren’t working as they should, it not only costs you money directly to get the back up but it also wastes time and can even damage your business’s reputation. Rather than wait for something to go wrong, an MSP can help your business take a preventive approach. With a managed IT services provider on the case, you can ensure your systems are designed to prevent downtime wherever possible. They can use methods and tools such as real-time monitoring to track performance and ensure they’re aware of any problems before they can develop further.

If anything does happen, you can be sure your MSP will be doing everything required to get your systems back up again. While they’re busy working on that, you can focus on other things, such as reassuring your customers or helping employees. You can save a lot of time and money by getting everything back up quickly so your business can continue.

4. Easily Scale

Managed IT services help you scale your business. The flexibility they offer allows you to scale your organisation at a pace that suits you. Managed service providers can deliver a host of services to meet your needs as your requirements change. They can also do this much more cost-effectively than growing your in-house team. MSPs offer flexible services that make it simple to scale up your systems and keep pace with the latest developments. They can even allow you to scale back down again if necessary, helping you save money if you feel that your business needs to take a step back.

The average cost to hire a new employee, including labour costs,? is more than ￡6000. This rises to ￡19,000 for a managerial position. Taking into account that skilled IT personnel are often going to be even more expensive, using managed services is likely going to be the most cost-effective option when you need to scale your business. Not only will they deliver the skills you need, but they can also help you manage your budget when it comes to upgrading equipment, software, and more.

5. Improve Security

Cybersecurity is an inescapable concern that every business, both big and small, needs to prioritise. The average cost of a data breach in the UK rose to ￡3.58 million between March 2023 and February 2024, marking a 5% increase from the previous year and reversing a previous decline. In addition to losing money, a security breach could damage your business’s reputation and cause problems that affect business continuity. Managed IT services help businesses prepare for and protect against security issues.

As your business grows, it becomes even more important to pay attention to security. Your in-house IT team may not have the time or resources to consider every potential threat and take the right steps to secure your systems. An MSP can work with them to guarantee robust security. They can also help with data compliance, ensuring your organisation is following the right protocols to protect sensitive data.

Managed IT services deliver many benefits, giving businesses the support they need to achieve their goals. Contact the team at Eclarity to learn more about how managed IT services can help you.