A managed service provider (MSP) is a company that offers a range of IT services to businesses. These services can include network management, data backup, cybersecurity, and cloud computing. By outsourcing these tasks to an MSP, companies can focus on their core operations while ensuring their IT systems are well-maintained and secure. MSPs typically operate on a subscription model, providing ongoing support and monitoring for a fixed monthly fee. This arrangement helps businesses manage their IT costs more effectively and gain access to specialized expertise without the need for in-house staff.