Tech

How Much Do Managed IT Services Normally Cost?

If you run a growing company, you’ll no doubt have growing IT needs. You may even want to hire a managed service provider. 

There are many great benefits of managed IT services, from round-the-clock support, to protection from data breaches and viruses. 

If you’re considering making use of managed IT services, you may wonder how much managed IT prices are. 

In this article, we’ll explore the managed IT costs to help you weigh up whether it’s worth it for your business. 

What Are Managed IT Services?

Before we take a look at the cost of managed IT services, we should first of all look at what they are and what they can do for your business. 

A managed service provider is an external company that delivers IT support for another business. This can come in the form of network security, or delivering helpdesk support, and dealing with ad-hoc technical issues. 

Managed IT Services Will Keep You Safe

Did you know that 60% of all small businesses claim to have been hacked in the past? To avoid becoming part of that statistic, you’ll need to protect yourself. Unless you have your own in-house IT department, you’ll run the risk of coming under attack. 

By hiring a managed IT services company, you’ll be able to minimize the risk of becoming another hacking statistic. 

A Managed Service Provider Will Save You Money

One of the biggest costs a company often has is its wage bill. Hiring your own in-house IT support staff can be a major expense. With a managed service provider, you’ll get access to a team of professionals and you won’t need to pay their wages. 

A Managed IT Service Provider Helps You Manage Your Costs

Often, a managed IT services provider will charge you a simple flat rate. This makes budgeting far easier in your business. When you run your own in-house team, you might find that costs vary quite dramatically. 

Using a managed service provider will mean that you can plan your finances ahead far easier as you’ll only pay one flat fee. 

The Pricing of Managed IT Services Depends on Several Factors 

There are several factors that affect the price you’ll pay for your managed service provider. Every business has its own specific technological requirements; the more complicated the technology is, the more it will cost to look after. 

The level of management that you might select will also vary depending on your needs. You might go for basic cover right up to a more comprehensive plan. 

The size of your operation will also be a factor in the cost of an IT services company. Typically, you can expect to pay between approximately $13,000 and $120,000 a year. 

How Much Do Managed IT Services Normally Cost?

As you can see from this article, the amount you’ll pay for managed IT services can vary drastically. The price will depend on the size of your business, the number of users you have, the complexity of the technology being used, and the level of cover you require. 

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