Author: Satya

Reading time: 3 mins

Managed Service Providers (MSPs) have become a hot topic in the digital landscape, but how did it all begin, and why are businesses of all sizes increasingly adopting this model? Let’s take a journey back in time to understand the evolution of MSPs.

What Are MSPs?

Cloud Managed Services refer to the practice of outsourcing IT administration and management to a third-party provider. These Cloud Managed Service Providers, or Cloud MSPs for short, can handle everything from data monitoring and maintenance to round-the-clock IT support.

The Evolution of MSPs

Our journey starts in the 1980s when personal computers began finding their place in offices. Fast forward to the 1990s, where computers became powerful tools for productivity, leading to the rise of IT support personnel and technicians to keep them running.

 

By the late 1990s, powerful operating systems became essential, resulting in the growth of in-house IT departments. However, businesses without the resources for in-house teams had to rely on ‘break/fix’ IT services, causing downtime and data loss.

 

In the early 2000s, ‘managed’ IT services emerged to address these challenges. They offered proactive solutions and a pool of IT specialists, revolutionizing the industry by reducing glitches, errors, and headaches.

The Cloud MSP Boom in 2023

Fast forward to 2023, and MSPs are on an upward trajectory, with the market expected to grow from USD 275.5 billion this year to USD 372.6 billion by 2028.

What Services Do Cloud Managed Service Providers Provide?

• On-demand IT expertise, giving you access to experienced IT staff without the need for full-time employees.
• Faster adoption of new tech, both software and hardware, at cost-effective rates.
• Round-the-clock IT support, enabling employees to focus on core business growth.
• Enhanced security through security patching teams and specialist cybersecurity groups.
• Improved disaster recovery, especially for small and mid-sized businesses.
• Helpdesk, network, and infrastructure support to enhance efficiency and cost-effectiveness.
• Seamless cloud migration with scalable solutions for computing, storage, and software.

But Wait, There’s More!

MSPs boost operational efficiency by detecting issues proactively, leading to fewer disruptions and higher productivity, performance, and profitability. They also provide valuable insights into business processes, help automate them, and create personalized customer experiences.

So, that’s quicker turnaround times, healthier bottom lines, and happier customers.

 

CloudNow offers a comprehensive range of cloud managed services for companies of all sizes and industries. Contact us today to set your business on a new path to performance.