Outsourcing IT management and support functions to a third-party provider is referred to as managed IT services. The managed services provider (MSP) is in charge of monitoring and managing IT infrastructure, software, security, backup and recovery, and so on. The MSP often provides a variety of services that can be adapted to the client's specific requirements.

Cost savings, greater dependability and performance, enhanced security, access to expertise and resources, and the opportunity to focus on core business activities are just a few of the advantages of managed IT services. Saving money is one of the most major benefits of managed IT services. Businesses can avoid the costs of employing and training IT workers, purchasing and maintaining software, and managing infrastructure by outsourcing IT management and support. MSPs can deliver these services at a fraction of the cost of in-house IT workers, allowing for significant savings in IT costs.

Pricing models for managed services providers are often based on the breadth of services required, the complexity of the IT infrastructure, the schedule, and the level of support necessary.