Information technology (IT) has become the foundation for how most companies today conduct business. Despite this fact, however, not every company has the time or resources to manage the various IT tasks — cybersecurity, data backup, hosting, network testing, and monitoring and managing installations and upgrades — that need to be completed on any given day.

That is why many companies are turning to a managed IT services vendor to do the job for them. These managed services are so essential that the market is expected to be valued at more than $43 billion by 2026, according to a report by Modern Intelligence.

If your business is considering managed services, here are three ways it could be a major boon.

1. Keeping Up With Technology

Today’s technology evolves at a rapid and constant pace. Keeping up is essential to not only serving your customers but attracting the best talent as well. According to a recent report, 82% of people say tech in a potential workplace tech influences their employment decisions.

For many organizations, keeping up is a struggle and an expense they cannot afford. By employing managed services, your organization will not have to worry about doing the legwork to research and learn about the latest technology. Your vendor will do it for you — and then will take charge of managing all of the devices that your organization uses daily.

2. Ready to Scale

When you hire an outside firm to manage your IT services, you will be prepared to scale easily as your organization grows and the scope of services you need expands. Having a managed services partner means you don’t have to do all the investment yourself — your partner will take care of it for you.

3. Make Costs Predictable

When you work with a partner to manage your IT services, you will put a predictable cost on what you are spending on IT. When you go it alone, that cost could fluctuate significantly, especially if you are not an expert in the area and unsure of what different tasks or equipment should cost.

For most companies, the benefits of managed services make it the best way to go when trying to create an infrastructure that is as safe and up-to-date as possible.