Managed Service Provider (MSP) Software Market

Managed Service Provider (MSP) Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Managed service provider (MSP) software Market: Introduction

Managed services provider (MSP) offers services such as application, network, security, and infrastructure via ongoing and regular support and live administration on customers' premises, in MSP hosting (data center), or in a third-party data center.
MSP software helps to deliver the services in combination with different providers services (For instance: Security MSP providing sys admin on top of third-party cloud IaaS).
The MSP software can sort client’s network devices based on department type, location, device type, based on customer preference, or based on vendors.
MSP software handles the network operation of various clients simultaneously. It also provides the configuration and updates troubleshoot across each remote location and rejects the need for a local administrator.
MSP software provides complete visibility into the current status of the client's network with critical metrics from switches, routers, firewalls, services, servers, URLs, applications, and other infrastructure devices.

managed service provider (msp) software market size and forecast

Managed service provider (MSP) software Market: Dynamics

Managed service provider (MSP) software Market: Key Drivers

MSP software can be used for network and service monitoring and can manage large clients networks remotely from the central console
Managed service provider software helps monitor device availability, performance, alarms of multiple customer’s networks
MSP can handle the often complex, time-consuming, repetitive, and arduous work involved. Outsourcing to an MSP is an increasing trend in business as more and more companies come to recognize the benefits of moving many of their day-to-day operations to a third-party expert.
The managed service provider is usually cheaper as compared to the standard break-fix services. The accurate cost of interruption would show that depending on managed services is, on the whole cheaper. Instead of frequently visiting customer sites, MSPs deliver managed services via remote maintenance and remote monitoring.

managed service provider (msp) software market growth trend

Impact of COVID-19 on the Managed service provider (MSP) software Market

Increase in cases of COVID-19 across the globe led to an economic slowdown during this pandemic. Most companies are adopting the work from home module during the pandemic period. Companies are decreasing their investment in new technologies and services to manage revenues. Most small businesses closed their business process due to a lack of funds to sustain in the market. Demand for managed service provider (MSP) software is decreasing during the COVID-19 lockdown situation; however, it is expected to increase after the pandemic situation due to a rise in dependency of commercial sectors and services.

North America to Hold Major Share of Global Managed Service Provider (MSP) Software Market

In terms of region, the global managed service provider (MSP) software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America dominated the global managed service provider (MSP) software market and accounted for a notable share primarily due to the presence of developed economies, such as the U.S. and Canada, in the region
The managed service provider (MSP) software market in Asia Pacific is expected to expand at a rapid pace during the forecast period due to increasing investment by major players to provide services across the region and also due to a rise in adoption of outsourced business process services in commercial sectors

managed service provider (msp) software market size by competition landscape

Key Players Operating in the Global Managed service provider (MSP) software Market

DNSFilter

DNSFilter was incorporated in 2015 and is headquartered in Washington, DC, U.S. The company provides DNS-based threat protection and content filtering. It protects users from ransomware or phishing attacks. Additionally, the company helps K-12 and university networks be CIPA compliant and prevents staff and students from using malicious domains and inappropriate websites.

Ant My ERP

Ant My ERP was incorporated in 2017 and is headquartered in Mumbai, India. The company manages entire business process from operation, services, sales, inventory till invoicing. The company specifically deals in B2B businesses who are involved in rent, service, sales, and AMC of equipment such as CCTV, POS, IT, medical, telecom devices, etc.

Other key players operating in the global managed service provider (MSP) software market include Freshservice, Comet backup, Zoho assist, LogMeIn Central, Jira Service Management, WebTitan, Atera, ConnectWise Manage, Kaseya VSA, Acronis Cyber Backup, Pulseway, NinjaRMM, Accelo, and MSP360 Backup.