Sixth-Annual List Reveals Leading MSPs In Healthcare, Legal, Government, Financial Services & More
Timonium, MD – April 23, 2021 – Helion Technologies has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list and research for 2021. The annual list and research identify and honor the top 100 managed services providers (MSPs) in a variety of vertical markets.
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.
The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2020 and January 2021 readership survey, and ChannelE2E’s vertical market industry coverage. MSPs featured throughout the list and research leverage deep vertical market expertise to drive annual recurring revenues (ARR) in specific market segments.
This year’s research revealed several key MSP market trends, including:
- Honorees generated a combined $1.40 billion in vertical market annual recurring revenue (ARR) in 2020, up from $1.12 billion million in 2019. The surge involved organic growth combined with continued merger and acquisition (M&A) activity.
- The most successful vertical market MSPs are zeroing in on healthcare and financial services, while MSPs in the legal and not-for-profit sectors also showed particularly strong growth.
- The Top 100 Vertical Market MSPs now manage more than 3.1 million users across their customer sites as of 2020, up from 2.8 million in 2019.
- MSPs consider their top vertical market technology partners to be Microsoft (58%), Dell Technologies (19%), Cisco Systems (17%), ConnectWise (16%) and Amazon Web Services (14%). Datto, Fortinet, Ingram Micro and Pax8 also earned strong MSP response.
Helion ranked #11 of the top 100 vertical market MSPs overall and secured the top spot for MSPs focusing on the Automobile & Heavy Truck Dealer Vertical Market.
“Since COVID began, we have seen a drastic increase in cybercrime. To fend off a cyberattack, dealers are scrambling to bolster their cyber-defenses. Helion has both the cybersecurity expertise and technical knowhow to not only protect automobile and heavy truck dealers from a cyberattack but also to optimize the dealers IT environment so that they can focus on selling and servicing more cars and trucks” said Erik Nachbahr, president and founder of Helion Technologies. “We’re honored to once again be recognized for our hard work and market leadership.”
“After Nines Inc. congratulates Helion Technologies on this honor,” said Amy Katz, CEO of After Nines Inc. “Businesses worldwide depend on the Top 100 Vertical Market MSPs for cybersecurity, automation and revenue-generating technology services – especially amid the coronavirus pandemic.”