The managed information technology services industry is constantly evolving. According to a market analysis report by Grand View Research, the global managed services market is expected to register a CAGR of 11.7% from 2019 to 2025.
This steady growth is fueled by small-to-medium-sized businesses turning to managed service providers as their main source of IT knowledge and expertise.
Companies face numerous business management challenges, including hiring the right talent, reduced budgets, technology investments, and cybersecurity concerns.
There are several ways that the pros and cons of IT outsourcing help organizations gain a competitive advantage. This blog expands on the top IT outsourcing advantages for business owners.
Interested in learning more? Check out these blogs:
Enhance Security Measures
A 2019 study published by the Ponemon Institute revealed that 66% of SMBs worldwide reported a cyberattack within the past 12 months, with 76% of survey respondents based in the United States. As attackers become more sophisticated, business owners must have the proper security measures in place. MSPs that offer cybersecurity services are considered managed security service providers (MSSPs). MSSPs provide many IT outsourcing benefits, such as managed detection and response and security operations services to simplify processes, meet compliance protocols, and more.Cost Savings
Customizable packages of tech support services that align with business functions are one way that MSPs provide cost savings. It is also less expensive than managing an in-house IT department. However, in addition to salaries and benefits, there are also costs associated with employee education and keeping IT resources up-to-date on the latest technologies and methodologies.Interested in learning more? Check out these blogs:
- 3 Major Benefits of a Managed IT Solution
- Simplify your IT Asset Management with a Managed Service Provider
- Technical Recruiting for Dummies: Our Foolproof Guide to IT Recruiting