According to MarketsandMarkets report on managed cloud services, the market size of cloud managed services will reach $62.4 billion in 2020 and $116.2 billion in 2025, which translates into a compound annual growth rate of 13.3%. Just because everyone else is jumping on the cloud bandwagon does not mean that you should too.
You should identify your needs and conduct a feasibility study, whether moving to the cloud and choosing a managed cloud service is worth your money. If your business is storing data on physical servers and does not have the resources and capabilities to manage your IT infrastructure in house, then managed cloud service might be an ideal choice for your business. Data stored on-premises dedicated servers are vulnerable to security and privacy issues, increasing the risk of data loss and costly downtime.
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In this article, you will learn about ten convincing reasons why your business should consider managed cloud services.
One of the biggest advantages with the cloud is that you only must pay for what you use. This means that you are more likely to get a consistently monthly bill. There are no hidden costs or variable costs. Even if your needs vary, many cloud providers offer customizable plans that can fulfil your dynamic business needs.
When you choose managed cloud services, you are using top of the line hardware and network infrastructure from your cloud provider. You do not have to buy expensive hardware and software. What’s more, you don’t even have to pay for the security and maintenance cost of these digital assets as a cloud provider manages everything.
Choosing a managed cloud service means that you do not have to worry about anything. Experienced cloud technicians will ensure smoother operations and optimum performance with enhanced reliability. You will rarely experience downtime as they monitor everything round the clock. These experts do their best to make sure that your cloud servers function at an optimum level.
In today’s rapidly evolving business world, businesses grow at a fast pace and so do their needs. Thankfully, the cloud offers you scalability and flexibility. This means that you can scale up and scale down resources according to fluctuation in your business needs. Unlike dedicated servers, upgrading and requesting more resources is not only cost-effective but is also easy.
Even if you bump into any network issue, you can expect it to be resolved quickly. Cloud service providers can respond to these issues quickly as they can access, monitor, and repair any network issue in no time. In addition to this, some cloud providers even offer remote cloud services and enterprise-grade monitoring solutions. Most of them also offer round the clock customer and technical support with 24/7 technician availability.
If your business operates in an industry where it is subject to industry regulations, standards, and policies, then a managed cloud service might be a good option. These cloud service providers can help you comply with industry regulations and standards. Not complying with security and privacy standards can land your business in hot waters. When you work with a cloud service provider, you can easily comply with regulations such as the Health Insurance Portability and Accountability Act (HIPAA). This can come in handy especially if you operate in the health industry.
If you think that you are a small business will not get targeted by hackers, then you are wrong. According to cybersecurity statistics, 43% of cyber-attacks target small businesses. 60% of small businesses that are victims of a cyber-attack go out of business within six months. Cybercrime costs small and medium-size businesses $2.2 million annually.
By choosing a managed cloud service, you do not have to worry about anything as the cloud provider will be responsible for mitigating and responding to cyberattacks which are targeting your business. Best cloud providers use premium cybersecurity protection and follow cloud security best practices which adds an extra layer of protection. Some even offer security features such as multi-factor authentication, strong encryption, malware protection, DDoS protection and firewall, to name just a few.
The problem with physical servers is that they are not only costly but have complicated disaster recovery mechanisms. On the contrary, disaster recovery is a straightforward process with managed cloud services. If you have a data backup, you can restore that data with few clicks.
All your data across different applications and services are secured. Even if the disaster strikes, your business will not face long downtimes. Most cloud vendors use a distributed model, which means that even if one of the cloud servers fails, another one will take its place instantly and handle the workload.
Your cloud service provider manages everything from hardware, software, security, maintenance and backup. This gives you the freedom to divert all your energies and resources towards essential tasks that help you grow your business.
This also reduces the time to market and launch new products quickly, making your business more productive and efficient in the process. This is especially important, especially in today’s dynamic business world, as businesses that are slow to react to market trends are usually the ones who are left behind in the race.
Buying a dedicated server is one thing and spending money on securing it and keeping it well maintained is another. These can increase the overall cost of operating a dedicated server.
Thankfully, that is not the case when you choose a managed cloud as the service provider oversees installing updates, bug fixes and patches and ensuring that your cloud server stays up and running at all times. As a result, you end up saving a lot of money as you don’t have to pay for these costs.
Why would you choose managed cloud services? Let us know in the comments section below.