Managed services are a rapidly growing segment of the IT services industry: its market size is expected to grow from $275.5 billion in 2023 to $372.6 billion in 2028, at a CAGR of 6.2%.

However, managed services are an often underutilized aspect of an organization’s IT strategy. In this article, we explore the impact of managed services and how Noventiq leverages them to perfect your digital transformation playbook.

What Are Managed Services?

At their core, managed services comprise the proactive monitoring and management of an organization’s IT infrastructure, conducted by a third-party Managed Services Provider (MSP).

These services typically encompass IT functions and responsibilities such as network management, cybersecurity, cloud services, and data backup and recovery.

A comprehensive, high-value managed services offering is a dedicated partnership between an organization's IT team and the MSP, designed to reduce the burden on in-house professionals while unlocking substantial benefits, such as:

1. Cost-Effective IT Management

One of the primary benefits of managed services is cost efficiency. According to a recent report by CompTIA, 61% of businesses cited cost savings as a major reason to employ managed services. A third of those organizations saved between 25-49% in IT costs annually, whereas half of those saved up to 24%.

This reduction is achieved through predictable monthly fees, which replace the unpredictable expenses associated with break-fix IT models.

2. Access to Advanced Technologies and Expertise

Noventiq offers advanced technologies and expertise that would be cost-prohibitive for most organizations to maintain in-house. We employ specialists in various fields, ensuring that organizations benefit from the latest innovations in cybersecurity, cloud computing, and data management. This expertise helps businesses maintain a competitive edge while their IT management is taken care of.

3. Scalability and Flexibility

As organizations grow, their IT needs evolve. Managed services provide the scalability required to adapt to these changing needs seamlessly. According to CompTIA, 74% of organizations say scalability is a key driver for adopting managed services.

Noventiq offers service plans tailored to your business requirements, ensuring that your IT resources align with organizational goals. This scalability is particularly beneficial for businesses experiencing rapid growth.

4. Improved Security and Compliance

In an era where cyber threats are increasingly sophisticated, ensuring robust security measures is paramount. Noventiq's managed services offerings encompass advanced security solutions, including 24/7 monitoring, threat detection, and incident response

According to a study by Cybersecurity Ventures, businesses that utilize managed security services are 50% less likely to experience a data breach. Additionally, our services help you navigate complex regulatory requirements, ensuring compliance with industry standards.

Noventiq's Managed Services

Noventiq provides comprehensive managed services tailored to address the diverse needs of modern businesses. Here are the four major pillars of our offerings:

Cloud Managed Services

◉ 24/7 Infrastructure, Apps, and Database Monitoring

◉ Backup and Disaster Recovery

◉ Cost Optimization

◉ Database, Network, and Configuration Management

◉ Virtual Desktop Management

◉ DevOps, Kubernetes, and Pipeline Management

Digital Workplace Managed Services

◉ License Reservation Helpdesk

◉ Consumption Helpdesk

◉ Security Assessments

◉ Consultation and Deployment of Monitoring Tools

◉ Adoption Training and Change Management

Security Managed Services

◉ 24/7 Security Operations Center (SOC)

◉ Governance, Risk, and Compliance (GRC) Services

◉ Software Assurance Maturity Model (SAMM)

◉ Cyber Risk Quantification

◉ Comprehensive Security Assessments

Infrastructure Managed Services

◉ 24/7 Network Operations Center (NOC)

◉ FMS, IT Staffing

◉ ITSM Tools

◉ AMC Support

◉ Centralized Helpdesk, Remote Support, SLA Management, etc.

The adoption of managed services is not just a trend; it is a strategic necessity for modern organizations. By enhancing operational efficiency, reducing costs, providing access to expertise, offering scalability, and ensuring robust security, managed services empower organizations to focus on their core business objectives.

Organizations looking to stay ahead of the curve: get in touch at india@noventiq.com to partner with us to begin your journey towards achieving technological excellence and operational resilience.