5 Industries That Need a Managed Service Provider (MSP)

5 Industries That Need a Managed Service Provider (MSP)

Information Technology Systems are used to meet the standards of commercial operations, while offering full availability, security, and performance. In today’s society, corporations are expected to keep up with the continuous changes in IT, so many business owners are choosing a Managed Service Provider (MSP). Below, we’ll discuss which are the 5 most common industries that should have an MSP.

What Is An MSP?

An MSP is a third-party company that is hired for outsourced computing and IT-related job functions. These job day-to-day management functions include services like cloud computing, IT infrastructure, and cybersecurity threat monitoring. MSPs provide these services in a more cost-effective way than the enterprise can do alone. Since technology is always evolving and becoming more complex, by having a MSP your company will always stay compliant and up-to-date with the new changes.

What Industry is MSP In?

Managed service providers (MSP) oversee job functions within the Information Technology space. This IT space includes anything involving computer-related solutions like cloud hosting, data storage, backup and disaster recovery, telecommunications networking, wireless device connectivity, software licensing, and hardware procurement. Given how companies like CorCystems help manage the daily, routine operations of a business, MSPs are the backbone of the IT industry.

Benefits of Outsourcing to MSP Industry

The managed service provider industry has been growing at a rapid pace in recent years, with more and more companies outsourcing their IT needs to these providers. Most companies invest in IT solutions to improve the flexibility, efficiency, productivity, and scalability of their work processes. Though, the benefits of digitizing and automating these workflows can prove burdensome when considering how much time is required to manage these complicated, interconnected systems. Despite the coordination loss required for managing your IT infrastructure, there are a number of benefits that come along with investing in managed it service providers, which include:

  • More efficient and reliable IT operations
  • Enhanced security and compliance
  • Data backup and recovery
  • Cost Effectiveness

What is an Example from the MSP Industry?

There are various types of managed IT services provided by MSPs. Not all MSPs offer all services, and not all MSPs specialize in all types of managed IT services:

  • IT Security Management
  • Compliance Management
  • Managed Support
  • Cloud Infrastructure Management
  • Backup and Disaster Recovery
  • Network Management

The managed service provider industry is booming with growth rates of over 10% annually. MSPs are now a $100 billion dollar industry with over 100,000 companies in the space. 

Listed below are five examples of industries that would successfully develop from having a managed service provider.

1. Auto Dealerships tracking car inventory

Automotive dealers and shops rely on their IT systems for almost everything. Whether you are processing payments, communicating with clients or repairing vehicles, an IT system has become a crucial part of your company’s day to day operations. Dealerships have started to switch over to a managed service provider in order to lessen risk and reduce costs.

IT work having to be done in the back office can take valuable time away from your business needs. The benefits of a MSP allows companies to have peace of mind knowing that their technology is completely taken care of. Not only will your technology be taken care of for you, but you will also see a reduction in overall expenses.

2. Healthcare’s tracking electronic medical records

Nowadays, more and more healthcare facilities are realizing that overall patient care doesn’t just involve medical attention. It also deals with making sure your patient’s data is secure.

One way to do this is by working with the right managed service provider (MSP) to ensure that transactions go smoothly and patient data is always protected.

When you work with a provider that is able to provide you with assistance whenever and whenever you need it, you are guaranteed:

  • Fast response times
  • Proactive security
  • Staffing services
  • Business Continuity

3. Hospitality industry’s need for high-speed wi-fi

The need for industries having a trusted IT staff is more necessary than ever before. The hospitality industry is no exception. The main concern in this particular industry is to always make sure that your guests are having the perfect customer experience. Having a managed service provider will allow you to achieve that goal.

Hospitality means guests. Because the hospitality industry deals with a huge amount of guest’s data, they require the right form of security, always ensuring they are compliant with rules.

Guests also don’t want to experience slow internet when they’re using WiFi network. If restaurants, hotels, or country clubs are offering WiFi as a value-add to the customer experience, then that offering should be a pleasurable one.

Technology is relied on in the hospitality industry through booking/ordering systems, and restaurant/room Wi-Fi networks, so it’s more important than ever to protect your business and data.

4. Finance industry’s regulatory compliance hurdles

Using managed service providers is a strategic way to better organize, operate, and safeguard your business. As financial companies try to get through today’s unpredictable economic and regulatory system, the need for risk and compliance management is increasing as more companies are using security compliance as-a-service solutions.

Being a financial service company, you work with customer’s sensitive and personal data on a daily basis. Enhancing your customer’s experience includes protecting their information. Nowadays, businesses are under pressure to provide customers with high-quality IT services, so they can assure that their data is always safe.

Investing in an MSP will present your business with many benefits like:

  • Saving time and money
  • Having access to top technology
  • Working with knowledgeable experts

5. Manufacturing is heavily invested in fully digitized systems

The manufacturing industry is often the first to adapt to new technologies since they use it for just about everything. It’s easy to understand why IT is so critical in the manufacturing industry since manufacturers work with multiple locations, and consistently share data amongst one another.

Manufacturing companies have unique and special technology needs that should only be handled by a professional IT service provider. Since manufacturers handle a lot of transactions that include many moving parts, IT security is a big concern.

Whether the financial information your customers have trusted you with is simply being stored in your records, or is being shared and transferred between locations where you operate, it should always remain secure.

Selecting the Right MSP for Your Industry

The managed service provider industry has been growing at a rapid pace in recent years, with more and more companies outsourcing their IT needs to these providers. This has led to a large number of managed service providers that have sprouted up, increasing competition in the field which often leads to lower pricing. However, quality varies widely among these companies, as evidenced by emergent cyber security trends as well as the many US-based data breaches and other data back-up disasters. As such, clients should be sure to thoroughly vet their managed service provider before signing on.

CorCystems Managed IT Services Can Assist You

In a time when technology plays a part in every aspect of the work businesses do, it is critical to ensure that your managed IT solutions is up to the challenge.

We are here to answer any questions you may have about the services we offer, or on how else an MSP can benefit your company. Feel free to give us a call today! (203) 431-1341.

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