Managed IT services is outsourcing IT systems to a third-party. This is the managed service provider that will take responsibility for the IT services, software and hardware of their client. These managed services include various technical solutions that the client can benefit from. Mainly, the managed service provider controls the daily IT management which reduces the cost of doing it all in-house and also gives an indication of pricing to reduce unexpected expenses. To avail managed IT services, clients have to pay a monthly fee for the duration of the contract.