Seventh-Annual List Reveals Leading MSPs In Healthcare, Legal, Government, Financial Services & More
April 21, 2022, Princeton, New Jersey: Hanu ranks #3 among the world’s Top 100 Vertical Market MSPs for 2022, according to ChannelE2E, a CyberRisk Alliance resource.
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.
This year’s Top 100 Vertical Market MSP research results are particularly impressive. MSP honorees successfully navigated the coronavirus pandemic and grew their managed annual vertical market revenue 25 percent on average. In stark contrast, total small business revenue in the United States fell 27.5 percent from January 2020 through March 2021, according to TrackTheRecovery.org.
This year’s research revealed several key MSP business, 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 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.
- Top 10 Strategic Technology Partners: MSPs consider their top vertical market technology partners to be Microsoft (46%), ConnectWise (18%), Datto (18%), Cisco Systems (15%), Dell Technologies (14%), Ingram Micro (13%), Amazon Web Services (10%), SentinelOne (10%), Fortinet (9%) & Tech Data (7%).
Hanu ranks as the leading Healthcare MSP and among the top 3 vertical market MSPs.
“Our top spot as the healthcare industry MSP demonstrates the success of our work with the leading healthcare providers and our investments in the top talent and technology. We are committed to our vision to leverage cloud technologies for healthcare and life sciences. This recognition is a humbling reassurance to our focus.”, said Dave Sasson, Chief Strategy Officer at Hanu.
Hanu is a Tier I CSP Partner, and an Azure Expert Managed Service Provider exclusively dedicated to Azure migration and integration. Hanu supports enterprises in Healthcare, Manufacturing, BFSI and hi-tech industry with unequalled intelligence and expertise providing Managed Transformation, Application Modernization, and Enterprise IT Innovation.
“ChannelE2E and CyberRisk Alliance congratulate Hanu on this honor,” said Amy Katz, executive VP and general manager of ChannelE2E, a CyberRisk Alliance resource. “Businesses worldwide increasingly outsource their most critical security, business automation and IT management requirements to the world’s Top 100 Vertical Market MSPs.”
The ChannelE2E Top 100 Vertical Market MSPs list and research are overseen by Joe Panettieri (@JoePanettieri), executive VP and editorial director of ChannelE2E.
About Hanu
A Microsoft Partner for over 15 years, a Tier I CSP Partner, and an Azure Expert Managed Service Provider exclusively dedicated to Azure migration and integration, Hanu supports enterprises with unequalled intelligence and expertise providing Managed Transformation, Application Modernization, and Enterprise IT Innovation.
From Azure CSP to Managed Services to strategic consulting and development, Hanu has the expertise to help organizations capture the potential of their cloud strategy through discovery, decision, and delivery, across each stage of their transformation.
Hanu’s commitment is to deliver 100% scalability, transparency, and agility to guide, set, and keep organizations on a clear path to the cloud and their transformation.
About ChannelE2E
ChannelE2E (www.ChannelE2E.com), a CyberRisk Alliance resource, is the leading digital destination for MSPs, IT service providers, channel partners and strategic investors seeking to maximize their business valuations, mitigate business risk and maximize security — from Entrepreneur to Exit.
About Cyber Risk Alliance
CyberRisk Alliance (CRA) is a business intelligence company serving the high growth, rapidly evolving cybersecurity community with a diversified portfolio of services that inform, educate, build community, and inspire an efficient marketplace. Our trusted information leverages a unique network of journalists, analysts and influencers, policymakers, and practitioners. CRA’s brands include SC Media, Security Weekly, InfoSec World, Cybersecurity Collaboration Forum, our research unit CRA Business Intelligence, the peer-to-peer CISO membership network, Cybersecurity Collaborative, and now Identiverse, ChannelE2E and MSSP Alert.
