“The cloud managed services market size is projected to grow from USD 27.15 Billion in 2017 to USD 53.78 Billion by 2022, at an expected CAGR of 14.6%.” – marketsandmarkets.com
Ever since businesses embraced internet technology, they have been continually dealing with increasing workloads, but for many organisations, this has simply led to slower systems and unreliable results. Managing workloads should include the proper alignment of company data and resources, targeting them towards desired business outcomes.
Difficult to do – especially when the IT Department lacks the required skillset for an ever-expanding technical universe. Hiring or training the existing IT teams can be both time consuming and expensive. Moreover, with the IT industry facing an ever-growing, lightening-speed development of a variety of Technology Tools concerning business digital transformation, they need help in selecting the right technology stack, its implementation and support to ease their transition.
It’s here that the role of Managed Services Provider comes in. Under Managed Services, users make use of applications or resources that are completely managed by a third party. MSP’s allow users to outsource their various network and application needs with complete support. The applications are hosted and managed by the managed service provider only using a “pay as you go” pricing model.
MSP’s also play an active role when it comes to helping enterprises evaluate the right digital transformation strategies, migrating workloads, managing networks and infrastructure, all backed with data and application security, which brings us to ‘The Cloud’.
Enterprises have continued their shift towards Hosting and Cloud Services. A report by 451 Research found that 53% of the survey respondents expect to see high spending on hosting and cloud in the coming six months, with only 3% expected a decrease. Another study, by Forrester, revealed that more than half of enterprises use one or more public cloud platforms, showing that enterprise cloud spending is growing.
Further research studies suggest that the infrastructure/application monitoring and alerting services will be the most used managed service, accounting for 53%. It will be followed by other managed services like Backup and Recovery (49%) and Disaster Recovery (41%). This is due to the increasing concerns for data security. Organizations are looking for reliable services that provide complete security for their valuable business data, and Managed Service Providers offering DR and Backup services ensure that the organization’s data is protected against any sudden disasters and is recoverable in case of any loss.
SMB customers prefer a unified provider of services that can re-align business processes and evaluate resources, lines of business, system integrations and brand value propositions. To accommodate the ever-expanding cloud environments for Enterprise businesses in a unified offering, MSPs are offering bundled solutions that include almost all the technological needs a business could need – many of them including future upgrades over the length of their contracts. In the coming years, bundled solutions will be the expected way to offer services, because they stand as enterprise-wide solutions, that fulfill all requirements at one place – a win-win solution for the end customer.
Earlier, Enterprises went either to a privately hosted solution or a public cloud, but now they can leverage the mixed benefits of both through hybrid cloud. The rise in the hybrid cloud adoption means MSPs are shifting their focus towards the flexibility and versatility of hybrid cloud solutions. In fact, Gartner predicts that by 2020, 90 percent of organizations will adopt hybrid infrastructure management capabilities, that can meet the needs of the cloud customers for an overall holistic solution. MSPs can offer opportunities to provide these services and manage and support the multi-sourced hybrid environment.
These trends are the results of emerging technological and customer demand changes in the market that, due to Hyper-Converged Computing environments, can be scaled up at a much lower cost than traditional architecture, meaning that even smaller-scale operations can access the future of Cloud computing, including access to the Internet of Things (IoT), AI, cybersecurity and ‘always-on’ access to apps and data.
An MSP partner is already aware of what 2019 will look like in the Business Technology space. Perhaps your business should be looking at their services to ensure your growth is better designed than your competition’s?
Leave a Reply
Your email is safe with us.