MSP stands for Managed Service Providers who assist businesses employing computers to carry out their day to day activities by ensuring their computers are running smoothly without any issues. Usually employed by small and medium-sized businesses, they play the role a dedicated IT staff would play in larger organizations. MSP(s) handle a wide range of operational tasks related to computers right from servicing them when they break down to regularly patching them with various security updates. They also can carry out tasks like payroll management, contract management, vendor management etc.”]
Source: https://hackercombat.com/what-is-managed-service-provider/