Budgeting For A MSP

As a business, your IT infrastructure is central to everything your company does. It’s needed to operate efficiently and deliver the best service to your customers. But to do this, your IT systems need to be up and working at all times. There’s no denying the importance of IT. For this reason, many companies choose to use a Managed Service Provider (MSP) to take care of their technology needs.

Research finds that by 2025, 60% of organizations will be dependent on MSPs for IT services. Having peace of mind that your IT systems are in safe hands is certainly very valuable. But you’re probably wondering just how much this will cost. Here, we’ll explore this subject in much more detail. You can then make a truly informed decision when choosing your MSP service.

Things to Consider When Budgeting for a MSP

Budget is always a central consideration for any business decision. Figuring out how much you should budget for a MSP is especially important. This is a service that you’re likely to keep using in the long term. So, it’s really helpful to understand the factors influencing the cost.

Here are some of the main factors to consider when budgeting for a MSP:

Do You Want a Partial or Fully Managed Services Provider?

There are a couple of options available to you when choosing to work with a MSP. You can choose from either a partially managed service provider or a fully managed service provider. But, which is going to be right for you?

If you don’t have an in-house IT team, then a fully managed service provider is the ideal choice. You can then leave your IT requirements in their safe hands. A partially managed services provider is usually used to work alongside your existing in-house IT team.

A fully managed services provider is likely to cost more on paper. But remember, on balance, it’s likely to cost lots less than employing an in-house IT team especially if you use them along with partial support from a MSP.

How Many Users, Devices, and Servers Do You Have?

The size of your IT infrastructure really impacts how much you need to budget for a MSP. The more users, devices, and servers your company uses, the more hours of support you’re going to need from the MSP.

How Much Data Needs to be Managed?

Do you know how much data your business stores? The amount of data that needs to be managed will have an impact on how much you will need to budget for your MSP.

The amount and sensitivity of your data also has a direct effect on the cybersecurity requirements your business needs.

Hire Richmond’s Top-Rated MSP

There are many variables impacting how much to budget for a MSP. But when considering the costs, it’s vital to weigh up the many benefits that using a MSP brings. With peace of mind that your IT infrastructure is in safe hands, you’re free to focus on taking your business to the next level of success.