4 Ways MSPs Can Create New Business Opportunities

Managed Service Provider’s (MSPs) market is undeniably experiencing unprecedented growth. A survey by MarketsAndMarkets reveals that the MSP market is expected to expand twofold between 2014 and 2019 with the global MSP industry reaching over $193 billion by 2019. This means that the competition in the market is likely to get fiercer as new IT service companies enter the industry.

In order to stand out and win the market share, MSPs need to be more proactive at innovating and offering more sophisticated solutions to create a consistent stream of revenue.

Here are a few areas that MSPs can explore in the next few years and gain a greater market share.

1.     Security Assessment and Risk Management Services

Most businesses lack the appropriate expertise and resources to conduct periodic system audits to fix IT issues on time. Given the vulnerability of businesses and the need for regular reviews, MSPs can provide full range of security assessment and remediation services, including security reviews, vulnerability testing, and penetration testing to back their data management services. With security assessment, MSPs can help its clients identify potential weaknesses in the system, create a rapid response system, and improve internal processes and policies to reduce the potential for exploitation and ensure that their business environment is safe and protected.

2.     Compliance as a Service

Businesses are required to prove that their system conforms to the policies pertaining to the availability, accountability, security, and integrity of sensitive data and the IT environment. Offering compliance friendly-solutions or compliance as a service can thus be a good way to attract businesses seeking to assure consistent adherence to HIPAA, ISO/IEC 27001, PCI DSS, FISMA/NIST800-53, SOX, COBIT, and other regulations.

3.     Transparent IT System

Businesses’ inability to track changes in IT infrastructure remains a key concern within the industry. By making IT environment more transparent and ensuring precise reporting of changes within the environment, MSPs can gain greater trust from their clients. In order for this, MSPs need to implement continuous reviewing system, eliminate blind spots, and employ more transparent system policies to improve integrity.

4.     Enterprise Mobility Management

Enterprise Mobility Management (EMM) market is expected to grow four times its current size in the next four years. While it is still considered a niche product, the technology is likely to emerge as a key player in the business world. Experts point out that the technology has huge potential to offer MSPs unprecedented opportunities to add value to firms approaching business processes through mobile enterprise applications. By tapping this newly emerging market, MSPs can ensure that its EMM clients get appropriate support to meet their mobility needs.

If you are considering expanding your operations to explore newer business opportunities, check out centralized backup and data restoration solutions available at Ahsay Systems Corporation Limited. With its broad range of programs, the company offers comprehensive solutions to enable MSPs offer high-end services to its clients. Contact the company to get more details today.