Today, we’re lucky to be in the middle of a technological era. Business owners are constantly getting new tools to help run their companies, which saves both time and energy.
Yet the stress of running a business on your own can be too much. Plus, internal teams can only do so much.
This is why it’s common for companies to turn to managed IT services. But while they’re helpful, they may not fit every company’s budget.
In this article, we’ll discuss the average cost of managed IT services and what factors will impact prices so you can make smart choices.
The Average Cost of Managed IT Services
You can expect to pay anywhere between $10 to $250 per month. Multiply this number by the number of users and/or devices you want managed to get a more accurate estimate.
However, this is still quite a large range, so you’ll probably want to narrow things down further. That way, you won’t go out of your business budget. Below are some factors you need to consider when trying to choose a managed service provider.
Location
The location of a business will always affect pricing. This is because the cost of living will be higher in major metropolitan areas and lower in rural places, and companies must price their services accordingly to make a profit.
This means that if you’re trying to save money, you should look to managed IT providers in places with lower costs of living.
Size of Business
In general, small businesses can expect to pay less than larger enterprises. This is because the latter requires more extensive IT infrastructure and has more support needs.
If you own a larger business, don’t sweat just yet. Some providers offer customized plans to fit the specific requirements of each client.
Tiered Service Levels
On that note, most managed IT service providers will have different service levels with varying degrees of support.
With a basic package, you can expect things like remote monitoring and helpdesk support. On the other hand, higher-tier services may have advanced offerings such as cybersecurity measures, data backup, and strategic IT planning.
Whatever you choose, co-managed IT services will add support to your existing IT team so they’re not overwhelmed.
Contract Length
Some providers will let you pay as you go, while others have contracts. Contracts are typically cheaper, as providers will offer discounts for longer commitments.
So while monthly contracts might allow more flexibility, they’ll usually cost more on a per-month basis.
Choose the Right Managed IT Services for Your Business
As you can see, the cost of managed IT services really depends on what your needs are and which services you select. Other factors at play include the size of your business, location, and contract length.
The best way to select the right provider is to shop around and ask for quotes. From there, you can whittle down your choices and ask for more information before making a final decision.
If you’d like more cybersecurity tips, then read our other blog posts now.
