According to a research by Markets and Markets, it is estimated that the Managed Services market will be worth a whopping $257.84 billion by 2022. This makes a compound annual growth rate of 11.1 percent.
Having said that, newer and more advanced technologies will be introduced and MSPs will need to adapt to them. At the same time, there will be constraints, like budget and implementation of hardware and software.
As a managed service provider in this changing landscape, you need to be wary of the latest trends in the field. Here are 5 trends you need to watch out for this year:
1. Security will become all the more important
The evolving technology has also brought about many security threats. Cyber criminals are preparing vector attacks that might get difficult to tackle.
As the enterprises’ concerns for security grows, MSPs will need to implement thorough and robust security tools. A security-first approach will become the need of the hour. MSPs will also need to educate their clients about the looming dangers facing them. All of the parties will have to work together to create a more secure cyberspace.
2. AI will be incorporated more
The growth of AI or artificial intelligence technologies will provide massive opportunities for MSPs.
MSPs will look to utilize machine learning to provide better, more enhanced backup solutions to their clients.
The SaaS (Software as a Service) applications in use today are one example of AI implementation.
3. Enhanced sales and marketing mechanisms will be used
Although MSPs will be looking to improve their backup and disaster recovery services, they will also be using better sales and marketing techniques.
With incredible sales and marketing tools available, MSPs will be looking to expand their teams and reach.
4. Migration to the cloud will increase
MSPs’ data storage is already leveraging more and more of cloud technology – the trend will continue. This is because the cloud platform is not only more affordable, it’s also more reliable.
The cloud platform provides access to anybody, from anywhere, which will make it quite challenging for the MSPs.
From unauthorized access to data tempering, MSPs will need to manage many aspects while providing data backup and security on the cloud.
5. A new brand of MSPs will emerge
MSPs in 2018 will start getting leaner and more efficient. They will be rigorously employing the latest technology and will be following industry best practices.
With a team of tech professionals, Ahsay offers top-notch managed backup services. If you are an MSP looking to provide backup solutions like VMware backup and whitelabel backup to your clients, please feel free to contact us. We are more than happy to help you.