According to a recent survey, 86 percent of businesses say they survived the recent pandemic because of the use of at least one technology platform. However, some companies who don’t understand the benefits think the cost is too high.
When running a company, you may feel stretched when it comes to IT. After all, your core competencies are people and problems, not IT issues and systems.
But what sort of range should you expect in managed IT services pricing? What should you be looking for in a managed service provider?
While hiring a managed IT service provider can be pricey, they provide immense value to small businesses. You could end up saving money in the long run. Not sure if managed IT is right for your company?
If this sounds like you, don’t worry. We’re going to take a look at what managed IT services are, how much they cost, and why you should invest in them for your business. Let’s begin!
What is a Managed IT Service?
A managed IT service refers to the practice of outsourcing IT operations to a third-party provider. These services can range from basic maintenance and support to more advanced solutions like cloud computing, cybersecurity for preventing cyber attacks, and data management. With managed IT services, businesses can access high-quality IT support without having to hire and train an in-house IT team.
How Much Do Managed IT Services Cost?
The cost of managed IT services can vary widely depending on a range of factors, including the size of the business, the complexity of the technology systems, and the level of service required. However, many managed IT service providers offer a range of pricing plans to accommodate businesses of different sizes and budgets.
One common pricing model for managed IT functions is flat-fee pricing. This model charges businesses a set monthly fee for a specific set of services.
Flat-fee pricing is often popular with small to medium-sized businesses as it provides predictable costs and makes budgeting easier. However, businesses that require more services may find flat-fee pricing to be more expensive than other pricing models.
Another pricing model for managed IT services is per-device pricing. This model charges businesses a set monthly fee for each device that the managed IT service provider is responsible for.
Devices can include desktop computers, laptops, servers, and mobile devices. Per-device pricing is often used by businesses with a large number of devices that require regular maintenance and support.
Per-user pricing is another pricing model for managed IT services. This model charges businesses a set monthly fee for each user that requires IT support.
This model is often used by businesses that have a high number of remote workers or employees who use multiple devices. Per-user pricing provides businesses with more flexibility as they can easily add or remove users as needed.
Factors that Affect the Cost
A managed IT service is not a one-size-fits-all solution, and the cost can vary depending on several factors. Here are some of the most important factors that can affect the cost of managed IT services:
Type of Service
The type of service you require will be one of the biggest factors in determining the cost of managed IT services. Basic services like desktop support and network management will be less expensive than advanced solutions like cloud hosting and cybersecurity.
Level of Support
Another factor that can affect the cost of a managed IT service is the level of support you require. Some businesses may only need basic support during regular business hours, while others may require 24/7 support and maintenance. The more comprehensive the support, the more expensive the service will be.
Size of Business
The size of your business can also affect the cost of managed IT services. Larger businesses with more employees and devices will require more extensive support. This will also increase the cost of the service.
The cost of a managed IT service can also vary depending on your geographic location. Providers in urban areas may charge more due to higher overhead costs, while providers in rural areas may have lower costs.
Finally, the service provider you choose can also affect the cost of a managed IT service. Different providers have different pricing models and packages. Some may offer more competitive pricing than others. If you’re looking for a Managed IT Services Provider that offers affordable prices without compromising on quality, Visionary IT, MSP is an excellent option.
Complexity of Technology
The complexity of a company’s technology infrastructure is another factor that impacts the cost of a managed IT service. More complex systems require more expertise and time to manage, which can result in higher costs.
Types of IT Services
Managed IT services can include a wide range of services depending on the needs of your business. Here are some of the most common types:
Network management involves monitoring and maintaining your business’s computer network. This includes troubleshooting connectivity issues, managing software updates, and maintaining security.
Desktop support involves providing technical assistance and troubleshooting for individual computers and devices. This includes software installation, virus removal, and hardware upgrades.
Cloud computing involves hosting your business’s data and applications on remote servers. This can provide greater flexibility and scalability for businesses with fluctuating needs.
Cybersecurity involves protecting your business’s network and data from cyber threats like hacking and malware. This includes implementing firewalls, antivirus software, and other security measures.
Data management involves organizing, storing, and protecting your business’s data. This includes implementing backup and disaster recovery solutions to ensure that your data is safe in the event of a disaster.
Understanding the Cost and Value of Choosing Managed IT Services
Managed IT services can be an invaluable asset for any business. With the right provider and an accurate budget, costs can be minimized and returns on investments maximized. To get an accurate estimate, contact an IT services provider today and ask for a cost analysis tailored to your company’s needs.