Managed services are services that a third-party company takes care of for you. This third-party company is the Managed Service Provider. They will sell their services for a flat monthly fee. That means you can focus on other crucial things about your company.

• Many MSPs don’t offer security services.
• You have to trust your data with third-party organizations.
• There may be a delay in the MSP’s response.
• MSPs can try to upsell technologies that you don’t need.
• Some information may not be available if the MSP uses a proprietary tool.

Cloud services are provided by various cloud service providers. These include owning space or computing power on a server. And they have many payment models depending on whether it is a software-as-a-service, platform-as-a-service, or infrastructure-as-a-service. But most cloud service providers provide a pay-as-you-go model.

More info: Global Smart Hands Services