New Service Offerings and Business Models Shape Today's Managed Services Market, New CompTIA Research Reveals

New Service Offerings and Business Models Shape Today’s Managed Services Market, New CompTIA Research Reveals

In an effort to recover from the pandemic, MSPs focused on improving the customer experience, cyber security and new technical capabilities.

, / PRNewswire / – An increasing number of managed service providers (MSPs) are embracing new business approaches and adding more sophisticated paid services to their portfolios, according to a new study by CompTIA, an information technology (IT) industry and workforce nonprofit. .

CompTIA’s January survey of 400 U.S. MSPs shows that most companies are cautiously optimistic about the business outlook due to the measures taken during the pandemic.

“Like many companies, MSPs were hit by the economic downturn caused by a two-year pandemic,” said Carolyn April, senior director of industrial analysis at CompTIA. “Some MSPs saw this as an opportunity to be creative and find new ways to deliver value to customers, but others had a hard time keeping up.”

Smart MSPs supported their business by expanding into new service areas and aggressively targeting things like a better customer experience and marketing. Many MSPs also took advantage of the massive shift to telecommuting by supplying and managing customer technology networks from centralized office booths to home offices. Eight out of ten maritime spatial providers said that the changes made over the last two years have had a positive effect. Thus, 53% of maritime planners are optimistic or very optimistic about their outlook for the next 12 months.

However, not all MSPs had such experience, and their concerns about the future are reflected in the results of the CompTIA study. 11-14% of respondents said they were pessimistic or very pessimistic about the state of the managed services market and / or their company next year. This compares with only 4% of a similar group of respondents who expressed anxiety about the future in a survey conducted last October.

“Much of this nervousness is largely due to events beyond their control – uncertainty about Covid’s next steps, supply chain woes and worries about the economy,” April said. “Fear may ease as these pressures become less of a concern.”

More attention to customer experience, cyber security

As customers have more opportunities than ever before to purchase their technology directly, MSPs continue to look for areas where they can add value. Providing a great customer experience (CX) is their priority. Almost half (46%) of MSPs say that changes in customers’ purchasing habits lead to changes in their own company, while a comparable number (44%) say that the demand for business advice is forcing them in new directions.

“Klint, which has a wide range of options, needs help finding the best solution for their business needs from hundreds of web-based applications with the same look and sound,” April explained. “The impact of MSP consulting can strengthen customer trust and stickiness, which can be both profitable and valuable.”

The complexity of cybersecurity is another area where MSP sees opportunities to strengthen relationships with customers. 93% of MSPs say the complexity of cybersecurity will change their business models over the next 24 months.

While network services, support, storage, and device management remain key elements of the MSP menu, businesses are also expanding into “premium” offerings. These include business applications as a service, data analytics, cloud-based services, and compliance and privacy consulting. MSPs will also continue to explore opportunities with new technologies such as the Internet of Things, the blockchain, artificial intelligence and virtual reality.

Nearly half of the MSP respondents said that they have added a moderate amount of premium services to their route cards in the last year, and 43% have done so at a significant level. 62% of MSPs that have added paid services said they expect strong growth in this category, which is equal to the rest of the business, while 19% forecast strong growth that is faster than other services.

However, progress in these new and emerging areas is to some extent hampering the reality of the current labor market. In a CompTIA survey, 44% of MSPs said they needed technical training among current employees, and 37% found it difficult to hire the right skills.

“Skills exist, but today there is a job seeker market and MSPs compete not only with other technology companies for new employees, but with companies in all industries,” April said. “Smart MSPs invest in their existing staff by providing in-house training and access to certifications and other professional development empowerment opportunities.”

The CompTIA Managed Services Trends overview is available at https://connect.comptia.org/content/research/trends-in-managed-services-2022.

About CompTIA The Computing Technology Industry Association (CompTIA) is the leading voice and advocate for the $ 5 trillion global information technology ecosystem; and an estimated 75 million industrial and technical professionals who design, implement, manage and protect the world’s leading technology. Through education, training, certification, advocacy, philanthropy, and market research, CompTIA is the center for advancing the technology industry and its workforce. Visit https://www.comptia.org/.

Media Contact Steven Ostrowski CompTIA [email protected] +1 630-678-8468

A managed service provider (MSP) provides services, such as network, application, infrastructure, and security, through ongoing and regular support and active management at a customer’s premises, their MSP data center (hosting), or a third-party data center. .

What are the features of service management?

What are the features of service management?

Five features to look for in a service management solution On the same subject : Why Managed IT Services can be the Right Solution for Your Company?.

  • Easy service management. This should be quite obvious, but a strong solution must offer a wide range of service management features. …
  • Data collection. …
  • Configurability. …
  • Multi-standard support. …
  • Scalable.

What is the service management feature? Service management focuses on providing value to the customer and also on the customer relationship. Service management provides a framework for structuring IT-related activities and the interaction of IT technicians with customers and clients.

Tech Tip: Managed Services Insure Against Murphy's Law
To see also :
Murphy’s law says, “If something can go wrong, it will.” While it…

What are service providers give 2 examples?

For example, airtel, BSNL, etc. Answer: An ISP is an ISP. On the same subject : Managed Services 2.0: What You Need to Know. Basically, your computer connects to an Internet service provider to access the Internet.

What is a service provider? A service provider is a person or legal entity that provides services to another party. The provision of services between a service provider and a company is usually governed by a service contract.

Cloud Managed Services: Market Growth Forecast, MSP Challenges
On the same subject :
The market for cloud-based services is still growing rapidly, but not all…

What is Managed Service Provider example?

Examples of Managed Service Providers The core services provided by MSPs include data center management, network management, mobility management, infrastructure management, backup and recovery management, communications management, and security management. See the article : Updated cyber security regulations proposed for managed services sector.

What are some examples of service providers? For example, telephone companies (see common carrier), Internet service providers (see ISPs), application service providers (see ASP), storage providers (see SSP), and content providers (see digital service provider and cable TV).

What is MSP example?

Two examples of MSP offerings are technical support repair services and subscription services. MSP technical support repair services focus on remotely repairing or sending technicians to a business location to resolve issues.

What is an MSP solution?

MSP solutions are applications, hardware, and services sold by managed service providers. Often, MSPs combine solutions to create unique offerings that differentiate their business and provide greater value to customers.

How many companies use an MSP?

Today, Managed Service Providers (MSPs) offer a wide range of computing services to businesses of all types and sizes. According to some estimates, 90 percent of Fortune 1,000 companies use MSPs to provide at least a portion of their IT infrastructure or services.

What are the managed services mention the use and an example for IT?

NameFeaturesProviders
Power* Advanced metering infrastructure * Smart grid deploymentPower Management Service Provider

How are managed IT services used to?

Managed services are a way to outsource common tasks to reduce costs, improve service quality, or free up internal teams to do specific work for your business. The company that provides these services is called a managed service provider (MSP).

What is managed service in software?

Simply put, MS is designed for the day-to-day operations of your special applications. Managed services can: Provide more options for your company’s end users.

Bell Techlogix named a top IT Managed Services Provider by Expertise
To see also :
INDIANAPOLIS, Feb 14, 2022 /PRNewswire/ — Headquartered in Indianapolis, Bell Techlogix, the…

What are service providers give two example?

What are service providers give two example?

Examples include telecommunications service providers (TSPs), application service providers (ASPs), storage service providers (SSPs), and Internet service providers (ISPs). The more traditional term is service bureau.

What is an example of an ISP? An Internet Service Provider (ISP) is a company, such as AT&T, Verizon, Comcast, or Spectrum, that provides Internet access to businesses, families, and even mobile users. ISPs use fiber, satellite, copper and other formats to provide Internet access to their customers.

What is MSP in Randstad?

What is MSP in Randstad?

Managed Service Programs (MSPs)

What is an MSP contract? An MSA (also called a managed service agreement or administrative service agreement) is an agreement between a managed service provider (MSP) and a customer. The agreement shall specify the services to be provided by the MSP, the protection of the minimum response time, the payment structure and the liability.

What is MSP coordinator?

The MSP Service Coordinator is responsible for the day-to-day dispatch and coordination of tickets. The service coordinator is responsible for setting up the tickets correctly from the moment they are created. This includes setting up contacts, types, subtypes, SLO, and so on.

What does MSP mean in recruiting?

A Managed Service Provider (MSP) is a conditional and / or workflow solution implemented by an external organization that combines process, personal knowledge, and technology to support an organization’s concert, temporary, temporary rental, direct lease, or independent contractor. administration, work report …

What is a Labor MSP?

What is a Managed Service Provider (MSP)? The managed service provider manages the recruitment of temporary staff in the organization and is responsible for the overall management of the contingent workforce, from supplier management to strategic workforce planning.

What does MSP mean in staffing?

The managed services program is a very effective way for employers to manage their workforce. An MSP provider can offer a number of benefits, including market knowledge.

What does MSP stand for in Procurement?

A Managed Service Program (MSP) is a service in which a recruitment subcontractor assumes primary responsibility for the acquisition, engagement, and management of temporary, contract, and other non-permanent personnel.

What does MSP mean in recruiting?

A Managed Service Provider (MSP) is a conditional and / or workflow solution implemented by an external organization that combines process, personal knowledge, and technology to support an organization’s concert, temporary, temporary rental, direct lease, or independent contractor. administration, work report …

Scroll to Top