Managed IT Services is a term used to describe a new model of IT management. What differentiates Managed IT Services from traditional IT support is that the responsibility and risk associated with managing your IT systems shifts to the Managed Services Provider (MSP). Traditionally, your IT support company worked a lot like a tradesman – you call them when something was broken. They send somebody to look at the problem. He or she would troubleshoot the fault and send you an invoice afterwards for the time spent resolving the issue. The emphasis is on reacting to problems that have already occurred. The IT support provider’s service is judged by how quickly they can attend to a problem. But, by the time you are aware of a problem, it’s already too late. Data is lost, downtime is incurred, productivity is reduced, etc..
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market along with impact of economic slowdown due to COVID.
Streamliner Consulting developed software for a bank. They advised the client on a number of improvements that could be made to their various systems, then developed software that allowed the client to automatically transfer data between their different databases and applications. The client was happy with the work and says that the software moved data faster and more accurately than a person could. 
From the above, it is clear that a managed service provider does not just help with technology adoption. They also help to monitor the ongoing spending and lessen the danger of introducing new technologies. While the market is already witnessing an increase in capital spending on the cloud and businesses managing IT services, it is evolving by itself.
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