We discuss the most compelling managed services trends businesses can expect to see for 2019.
If we’ve learned anything in 2018, it’s that businesses are turning to managed services providers (MSPs) more than ever before, looking to outsource their IT needs to knowledgeable experts. In fact, the managed services market is expected to grow from $180.5 billion in 2018 to $282 billion by 2023.
At ARC Business Solutions, we believe this projected growth is a direct result of the benefits managed services providers can offer the businesses they work with.
These benefits include, but are not limited to, the following:
- The improved efficacy and reliability of IT systems
- A preventative approach to IT maintenance
- Calculable monthly costs
- Guaranteed compliance with privacy laws and legislative policies
- Increased scalability of IT systems
- Access to industry expertise whenever required
Because business owners are pressed for time and constantly bombarded with operational tasks, having a dedicated team of professionals they can trust their IT maintenance with is not only convenient, but incredibly relieving. But how can business owners be sure they have hired the best MSP available to meet their needs? Well, to start, they can read up on these managed services trends and present them to their potential MSP, allowing them to gauge how innovative and informed the vendor really is. So, let’s get to it.
Here Are The Top Managed Services Trends For 2019:
1. Cloud Computing
According to Microsoft, cloud computing is the delivery of computing services—servers, storage, databases, networking, software, analytics, intelligence and more—over the Internet. Businesses are often drawn to the idea of cloud computing because of the associated cost savings. In fact, average entry-level cloud computing pricing has declined by some 66 per cent over the last two year period to November 2015, and it has been forecasted that average public cloud pricing will fall even more, by a predicted 14 per cent by the year 2020. Additionally, most cloud computing services are offered on a pay-as-you-go basis, meaning that businesses only pay for the services and features they use, and none of the extras. A bonus that most businesses simply can’t refuse.
One only needs to look at some of the cybersecurity statistics available online to understand how essential it is for modern-day businesses. For example, from 2016 to 2017 alone there was a 22.7 percent increase in cybersecurity costs, and the average cost of a data breach is expected to exceed $150 million by 2020. To prevent these devastating financial losses, business owners are turning to managed services providers with the intention of strengthening their IT security. And it works!
Hiring a MSP actually results in a 50 percent reduction in the possibility of having a data breach caused by some of the most common external threats. This is because MSPs are qualified and highly trained to offer only the most up-to-date security solutions, and know how to protect data using methods like backup processes, access control, and encryption.
3. Managed Services For Developing Technologies
As you most likely already know, computer systems and software solutions are constantly evolving. Recently, the increasing popularity of technologies like Artificial Intelligence and Blockchain have completely transformed the way people process and transfer data. Eventually, these new technologies will be subjected to data, security, and privacy regulations, putting added pressure on businesses to comply with legislative policies and protect their operations from potential threats.
For business owners who want to remain ahead of the curve, discussing these emerging technologies with a managed services provider is essential. The most cutting-edge and industry-leading MSPs will already be aware of these technologies, and will be proactively brainstorming ways to address them. It is to be expected that many business owners will be unaware of these new technologies, or will experience a significant learning curve as they become more popular. Having a dependable, skilled managed services company on your side is the ideal way to reduce confusion and protect your venture during these technological advancements.
By researching and familiarizing themselves with these managed services trends, entrepreneurs and business professionals can better prepare for what’s to come, and implement the advanced solutions they’ll need ahead of time. At ARC Business Solutions, our managed services team is continually evolving, learning, and advancing. It is our priority to offer top-tier network security, response services, and troubleshooting support to our clients, at all times.