A Fortune Business Insights report says that the global cloud managed services market size was $46.50 billion in 2019 and is projected to reach $129.26 billion by 2027, which represents a CAGR of 13.8% in this forecast period.
There are many benefits to choosing a cloud managed services provider. Getting a clearer understanding of business requirements is central to successful deployment of cloud services. Inputs and insights from professionals can empower businesses to make the most effective choice.
Some challenges that businesses routinely face include the need for robust and reliable tech capabilities, which can be provided by cloud managed services providers:
There are multiple benefits that businesses can reap when they hire a cloud managed services provider. Some of these include:
Managed cloud services provide the IT support needed for businesses to drive efficiencies in systems, deliverables, planning, and eventually, growth.
Infrastructure is an essential requirement and a robust infrastructure network can help businesses add speed and agility to their deliverables.
Cloud managed service providers can also help businesses with comprehensive support, including trouble-shooting, routine maintenance and upgrades to ensure business stays aligned with industry trends when it comes to tech-driven tasks.
Depending on the agreement drawn up, tech support from cloud managed services could also include 24×7 support. This robust IT support can help businesses stay aligned with their organizational growth goals as well.
Cloud managed services providers can offer flexible services on a pay-as-you-go basis. Scalability is an advantage that can help even small businesses that may not need all services all the time.
Businesses can design their budgets to focus technical assistance on particular areas, instead of paying for services that may not be needed at all. Thus, some businesses may need sustained assistance with setting up a new service area, or consistent data backup, or even customized security. This can also extend to customized help with software and tools, etc.
Once businesses begin to work with cloud managed service providers, the collaboration only grows more effective with time. As business needs are understood and met with greater efficacy, client deliverables grow and so does the quality of these deliverables. This allows businesses to deliver greater value to their own customers and thereby safeguard business interest and invest in growth.
Providers of cloud managed services possess expertise in technology, including the latest in tech advancement, which they extend to their clients. For businesses, this means being able to hit the ground running, without worrying about impacting existing business or worrying about data security and vulnerabilities.
In-house resources and infrastructure are never a one-time expense. They need investment to be regularly maintained and updated. Cloud managed services on the other hand, can be leveraged as dictated by business needs.
Better quality work, expert tech deployment and upkeep, and regular monitoring and upgrades without hassles, help businesses enjoy significant cost savings. Compare this with in-house deployment, and some of the ways in which cloud managed services can help businesses save costs include: