In today’s technological world, msps like you are a key. Player in information management and cybersecurity, but they don’t have an easy life. Msps face many challenges from managing businesses and it departments. Additionally, it’s a business that ‘s always in flux . Just as technology is in motion, so issues can arise at any time for both the msp and its customers. Add to that unstable cybersecurity and you have a nice stress smoothie. In this article I want to list seven insights into the state of msps . That I hope will help you sh light on the challenges and opportunities that lie ahead. Is this a good time to be an msp?
Is this a good time to be an MSP?
Nearly all of your colleagues interview believe it’s a great time to be an msp . The vast majority (95%) believe it is a good time to be in the industry. An industry they see as special data continuing to grow: 82% expect revenue to increase over the next three years. The market sentiment is positive and there are many new msps coming on board as well. While more than half of those survey said they had been in business for six to eleven years. About a quarter report they were relatively new and had been in business less than five. This is a good indicator that the business is healthy. And attracting new entrepreneurs
What are the earnings prospects for MSPs?
You can open the sparkling wine. Revenue has been steadily increasing for msps , even in today’s turbulent . Economic landscape, with three in five msps reporting . An increase in earnings over the past 12 months. Security is a strong driver of growth, especially . As the CH Leads risk of cyber attacks is increasingly higher. Going into more detail, just over a third (36%) of respondents report annual earnings. Between $1 million and $5 million, and another third (32%) report having average. Annual earnings of less than $1 million. Eight percent say their revenue exce $10 million, and 5 percent report annual. Revenue above $20 million. Of course these are american figures, but even in the realm of smes, italy.