The Average Cost of Managed IT Services: A Guide for Businesses

Are you looking to protect your business from cybercrime?

A stunning global loss of $600 billion hit the market due to cybercrimes. As cybercriminals become wittier, you must strengthen business IT support. Secure your organization from cyber attackers as soon as possible through managed IT services.

If it’s your first time using managed IT services, the price may be a concern. It’s especially when you’re a startup looking to save as many funds as possible.

In this guide, we’ll give an idea of how much a managed IT service costs. Keep reading to learn the various factors affecting the final price.

Cost of Network Monitoring

Network monitoring assesses the functionality and health of your network. It helps alert your technicians when issues arise within your network components. This service plan is ideal for small business IT support.

As it only provides a fraction of fully managed IT services, it’s less expensive. It’s only for watching your network. You still have greater responsibility for your IT system.

Monthly fees for network monitoring for small businesses range from $75 to $150 per device. It doesn’t cover issue resolution.

If you want your service provider to resolve identified issues like ransomware attacks, expect extra charges. The costs hover around an hourly rate of $100 to $300.

Cost of Network Monitoring With Support

Network monitoring with support is for organizations without an internal IT team capable of resolving network issues. If your organization relies on managed IT service providers, this service is for you.

You’ll pay more monthly fee for the technical support, but it’s cheaper than a day-to-day support service. For every user, the price ranges from $99 to $250.

Meanwhile, prices of IT support for businesses following the device model vary. If your organization uses servers, expect to pay around $75 to $400 for every server.

Workstations cost between $30 and $120 per station while firewalls may cost from $25 to $100. Switches can cost you around $10 to $50 per switch.

Cost of High-End Managed IT Services

A high-end IT management service is especially recommended for organizations requiring fully hosted systems. It offers a full scope of IT services, including system use and support services. As such, it can cost around $300 or more per user and per month, depending on the complexity of the service.

Managed IT Services Extra Costs

When you shift from one service provider to another, you must pay an initial onboarding fee. It covers the work your new service provider finishes, such as analyzing and documenting your network. The cost is usually the same as the monthly fee.

Further, most managed IT service providers have a minimum monthly contract amount. It ranges from $500 to $1,000 per month.

Learn About Managed IT Services Costs Now

Managed IT services have varying prices depending on your chosen company. The more comprehensive service you opt for, the more expensive it becomes.

Looking to learn more about managed IT services? Read our other posts for more related guides.