Managed services have been gaining more and more popularity as the world is moving towards complete digitalization. In fact, a report showed how the global market size of managed services is expected to reach USD 354.8 billion by 2026 by growing at a CAGR of 7.9%.
In 2021, several businesses all around the world have moved on from the ghastly effects of the global pandemic and found their ground once again to thrive. Managed services are gaining a lot of popularity among such businesses due to their several benefits. In this article, we will discuss a few reasons why your business needs managed services in 2021.
- Enhanced Security
2021 is the year where a majority of businesses are running virtually. While there are several benefits of the virtualization of workplaces, a significant risk that has surfaced is the threat to security. These threats can range from ransomware attacks to phishing scams, causing a lot of trouble and setting up a solid ground for significant losses for corporations of all sizes. While large corporations may still have the ability to recover from the effects of such security threats, small and medium-size businesses suffer extensively.
With managed services, you can ensure high-level security of your data and software, all according to your preference. Depending on the industry you are working in, you can ensure that all government regulations and compliances are met so that the risk of security threats can reduce even further. You can also leverage advanced options of security, ranging from multi-factor authentication to encryption of data, depending on what fits your use case the best.
- Cost Efficiency
Every organization has to bear a bundle of costs pertaining to its business and workforce. So, in case of a tight budget or low financial resources, it becomes exceptionally hard to continue working in the best way possible.
With managed services, organizations can reduce the number of costs, such as:
- Infrastructure costs
- Maintenance costs
- Hardware costs
- Employee onboarding and training costs
- Other IT-specific costs, etc.
By partnering with a managed services provider, organizations can leverage highly cost-effective packages that include all the services they require. This package can be paid off in one go or on a monthly, quarterly, or yearly basis. This way, businesses can provide the best services to their clients without worrying about exceeding their budget.
- Exceptional IT Management
IT management is essential for every organization in 2021, especially since a majority of their business is being conducted online. However, as a business grows, the burden on IT teams increases, which can cause more bottlenecks and delays than expected. If your IT team is unable to resolve issues in time, you could lose a significant chunk of your clientele and increase the risk of losses.
With managed services, you can ensure exceptional IT management. Just like we discussed in the previous point, it can be leveraged in a cost-effective manner as well. You can also leverage expert assistance from a diverse pool of experienced resources that can help your organization to manage all IT tasks efficiently and quickly.
Managed services providers can also help you to take a proactive approach towards IT maintenance. The downtime caused by the inefficiency of your IT team can affect the functioning of your entire organization by reducing productivity in all departments. To avoid this situation, managed service providers can help you to detect and rectify potential problems before they can bring the entire system down. This step, paired with extensive backup services and recovery solutions, will ensure that you always stay one step ahead with your IT management and avoid IT-related disasters effectively.
- Access to Apt and Innovative Technologies
If there is one thing that has become clear in 2021, it is the fact that technology is invading every industry across the globe. In today’s competitive market, no business can thrive with high-profit margins without incorporating some form of technology in at least one of its spheres, whether it is finance or customer service. However, leveraging technologies can still be a hard task for many organizations, especially the ones who are shifting their business to a virtual platform for the first time. Sometimes, organizations can also end up implementing technologies that are being popularly used but don’t fit their use case specifically, causing a whole other set of problems.
Managed services can assist you greatly with the implementation of the right technology in your organization. By evaluating your requirements and assessing your current systems, a managed services provider can help you to implement a technology that solves all your problems seamlessly. Managed services can ensure that every technological investment you make is apt and totally worth it. Also, you can gain access to new, upcoming, and innovative technologies without worrying about their implementation and maintenance.
In 2021, every business needs to have exceptional customer services and a well-structured online presence in order to generate significant profits. However, doing this without any professional help can be a challenge for many businesses. By partnering with an efficient Managed Services firm, organizations can leverage all the benefits mentioned in this article to take their business to new heights.
In addition to all the reasons mentioned in this article, managed services can help organizations increase their revenue by freeing up a lot of time for leaders to invest it in other revenue-generating activities and coming up with innovative ideas. However, it is important to do thorough research before partnering with a managed services firm so that you don’t end up partnering with an inefficient firm that causes you more losses than profits.