Application Programming Interface, better known as API, allows companies to open up their application data…
The annual list and research identify and honor the top 100 managed services providers (MSPs) in healthcare, legal, government, financial services, manufacturing, and additional vertical markets. Moreover, the research affirms that vertical market MSPs have vastly expanded their managed security capabilities.
iVedha’s recognition by Channele2e is a testament to the strides the company continues to make in the MSP community.
This year’s research revealed several key MSP businesses, security and market trends. Key takeaways include:
- Surging MSP Revenues: Honorees generated a combined $3.05 billion in vertical market annual recurring revenue (ARR) in 2021, up 42% from $2.14 billion million in 2020. The surge involved extremely strong MSP merger and acquisition (M&A) activity; accelerated demand for cloud & cybersecurity services; and successful MSP pivots amid the continued COVID-19 pandemic.
- Key Verticals: The most successful vertical market MSPs are zeroing in on healthcare and manufacturing, with a continued strong interest in financial services, legal and government opportunities.
- Managed Security Services: All of the honorees offer some form of managed security services – particularly backup and disaster recovery (96%), endpoint detection & response (EDR, 88%), and managed detection and response (MDR), 82%). Moreover, the MSPs increasingly focus on emerging areas such as Cloud Security Posture Management (CSPM, 49%) and eXtended Detection and Response (XDR, 38%).
- End-Customer Reach: The Top 100 Vertical Market MSPs now manage more than 6.1 million users across their customer sites as of 2021, up from 3.1 million in 2020.
iVedha backed by more than two decades of experience as the professional services partner of choice for several businesses has been empowering clients in their digital transformation journey at different levels through disruptive technologies in helping them Connect, Manage, Secure, and even Monetize their data. Since our inception in 2001, we have been featured in Profit Magazine’s Top 50 Canadian emerging companies, along with being listed as one Top 100 Canadian companies every year since 2005.
iVedha is dedicated to driving successful business outcomes with our talented engineering teams and a suite of NextGen soft-powered Managed Services for various sectors. Contact us today to learn how iVedha can help you transform your business.