The pricing model matters when comparing the costs between an IT-managed service provider and an in-house IT department. MSPs often operate on a flat fee subscription model, making predicting your monthly cloud costs easier. Their service offerings include sophisticated security software, data management tools, and cloud computing services, which could significantly cut software and staffing expenses.
On the other hand, in-house IT involves direct costs such as hiring, training, salaries, benefits, and maintaining the data center. These costs can increase unpredictably with changing business requirements and technology advancements.