Close Menu
timesmoguls.com
  • News
  • Entertainment
  • Politics
  • Business
  • Tech
  • Lifestyle
  • Health
  • Science
  • Sports
Featured

The dead gray whale washes on the beach of the island of Vancouver in the west of Vancouver – British Columbia

Some mayors of Ontario against the financial incentives of communities to attract doctors

Powerschool Hack: School councils face a new ransom of months after the flight

Subscribe to Updates

Get the latest news from timesmoguls.

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Contact us
  • Disclaimer
  • Privacy policy
  • Terms and services
Facebook X (Twitter) Instagram Pinterest
timesmoguls.com
Contact us
HOT TOPICS
  • News
  • Entertainment
  • Politics
  • Business
  • Tech
  • Lifestyle
  • Health
  • Science
  • Sports
timesmoguls.com
You are at:Home»Business»HPE OpsRamp: MSPs ‘remarkably optimistic’ about business growth
Business

HPE OpsRamp: MSPs ‘remarkably optimistic’ about business growth

December 5, 2024023 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
070324 Digital Gears Industry.jpg
Share
Facebook Twitter LinkedIn Pinterest Email

Are the golden days of double-digit year-over-year MSP revenue growth over? Barely. Most MSPs (60%) expect their business to grow by more than 10% in 2024.

It is according to a investigation of 618 large MSPs ordered by HPE Business OpsRamp earlier this year. (MSPs surveyed reported at least $25 million in annual managed services revenue.)

“This confidence is fueled by stabilized inflation, post-pandemic economic normalization and increased investments in AI and cloud technologies, suggesting that MSPs feel well positioned to take advantage of these trends,” said Taruna Gandhiproduct marketing manager for HPE Business OpsRamp, told ChannelE2E. “MSPs are remarkably optimistic about 2024,” she added.

MSPs should focus on four growth priorities

How can MSPs take advantage of these market trends to increase their revenue even further in the years to come? OpsRamp has identified the following four growth priorities for MSPs:

  • MSPs must leverage intelligent IT automation to eliminate manual processes and accelerate resolution of customer issues.
  • MSPs must work to significantly reduce the sprawl that is holding them back from achieving their growth and customer satisfaction goals.
  • MSPs must find and adopt better tools and expand their expertise to help them develop the complex cloud environments and service offerings customers want.
  • MSPs must expand their use of modern observability tools and abandon existing tools to improve efficiency and stay ahead of customer challenges.

“These are some of the most important takeaways,” Gandhi said. “Leveraging AI and machine learning is essential to address challenges such as tool proliferation, improve productivity and improve service delivery. »

Cloud services remain the main source of revenue, according to the survey, with 65% of respondents citing them as their main objective due to the demand for scalable IT solutions, it added.

MSPs should also revamp their licensing models to ensure that their fixed-cost agreements, such as enterprise licenses, “highlight MSPs’ focus on predictable pricing to manage costs and scale efficiently,” Gandhi said. Additionally, “AWS’ renewed dominance reflects a shift toward simplified, efficient, and reliable cloud strategies for managing hybrid and multi-cloud environments,” which are essential for MSPs to continue growing, she said. added.

Tool proliferation is a particular problem for MSPs, she said, with 16% now using 20 or more IT monitoring tools, twice as many as in 2022. “This growing complexity underscores the urgent need for consolidation and an integrated approach. solutions to streamline operations and improve efficiency,” Gandhi said. “Together, these priorities highlight the importance of innovation, operational efficiency and a customer-centric approach to MSP success,” she said.

Analyst: “Managed services, a key factor of profitability and success”

The HPE OpsRamp survey also describes an overall rebound in MSP activity in 2024 after a decline in activity in 2022 and 2023. But Shelley Kramermanaging director and principal analyst at theCUBE Research, disputes this assertion.

“It’s interesting to see the report indicating a decline in the MSP market over the last couple of years, because some of the data I’ve seen indicates the exact opposite,” Kramer told ChannelE2E. “I haven’t seen two years of decline, but there’s still an agenda from brands developing surveys, so I’m looking at that.”

Yes, many MSPs face the same challenges as all organizations today, Kramer said, including finding skilled workers and introducing new technologies such as automation, AI and GenAI, while also having to navigate in an increasingly complex technology stack and in a hybrid cloud world. However, she said MSPs are not seeing a decline in business, as the survey indicates.

“Their services are needed more than ever today,” Kramer said. “Managed services are a key driver of profitability and success. Ultimately, in my opinion, there has never been a better time to become a managed services offering provider.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleA millennial moved to Japan and bought a $6,000 house in a ski resort
Next Article Small Business Spotlight: Hanford’s Winter Wonderland

Related Posts

Raj Agnihotri named Dean of Iowa State University College of Business

May 9, 2025

Alaska legislature approves corporate corporate tax in Alaska, linked to the financing of education

May 9, 2025

The administration of small businesses chooses another new IOC

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

We Are Social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
News
  • Business (1,497)
  • Entertainment (1,498)
  • Global News (1,605)
  • Health (1,440)
  • Lifestyle (1,426)
  • Politics (1,331)
  • Science (1,422)
  • Sports (1,458)
  • Technology (1,440)
Latest

The Trump administration cuts mental health support to Colorado students

The attacks of the new Pope Leo Robert Prévost against the “homosexual lifestyle” come back to haunt him

Ut Health Science Center to obtain an 821 students diploma during the beginning of spring

Featured

The Trump administration cuts mental health support to Colorado students

The attacks of the new Pope Leo Robert Prévost against the “homosexual lifestyle” come back to haunt him

Ut Health Science Center to obtain an 821 students diploma during the beginning of spring

We Are Social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
News
  • Business (1,497)
  • Entertainment (1,498)
  • Global News (1,605)
  • Health (1,440)
  • Lifestyle (1,426)
  • Politics (1,331)
  • Science (1,422)
  • Sports (1,458)
  • Technology (1,440)
© 2025 Designed by timesmoguls
  • Home
  • About us
  • Contact us
  • Disclaimer
  • Privacy policy
  • Terms and services

Type above and press Enter to search. Press Esc to cancel.