Barracuda MSP Working day 2021 reveals unparalleled prospects for MSPs
Amid immediate digital transformation and document-high threat publicity, protection continues to be the major problem for prospects and the best revenue opportunity for MSPs
CAMPBELL, Calif., May possibly 26, 2021 /PRNewswire/ — Now in its fourth yr, MSP Day is an annual motion designed by Barracuda in 2018 to emphasize, challenge, and celebrate the managed providers marketplace. Today, in conjunction with MSP Day, Barracuda is pleased to announce the launch of The Evolving Landscape of the MSP Enterprise report, which details to quite a few opportunities ahead for MSPs in the coming yr.
The 2021 report demonstrates that the appetite for managed companies is stronger than ever, with several study respondents pinpointing managed products and services as the most important income possibility in the coming calendar year. To seize this possibility, MSPs can discover places in which to concentration their development and grow their choices. This is particularly essential for those people that are in the early phases of their journey or people that have been forced down a distinct route because of to the needs of the pandemic.
As section of this yearly study, Barracuda spoke to more than 400 associates from across the globe, with the blended responses indicating equivalent issues for MSPs worldwide when it arrives to assistance provisioning and conference the sophisticated requires of their shoppers. Data from the study also indicates that stability stays the number just one concern for buyers and the leading driver for seeking out managed solutions.
Important results:
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Rising stability issues and a developing distant workforce are driving the have to have for third-get together assistance providers. 80% of respondents felt General Protection was a substantial business prospect, but primary the field was Distant Function, which 90% observed as a valuable possibility.
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Lots of MSPs are escalating their companies portfolios. 59% of respondents stated they experienced expanded their expert services portfolio in the past 12 months.
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Stability is now the prime driver to companies. This year stability problems ended up detailed as the most important driver driving SMBs adopting managed services, followed by the increasing complexity of IT. In 2020, it was the reverse.
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Security solutions are turning out to be ever more essential for MSPs. Five security-based expert services — endpoint safety, email protection, network security, server protection, and endpoint checking — all built the best five companies in 2021. This is a single more than in 2020, and four extra than in 2019.
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The hybrid approach is nonetheless common, but services are accounting for much more business development. 59% of respondents stated they count on solutions to account for 50% or extra of their revenues this yr, with 39% saying they be expecting to create up to 50% of their all round small business by solutions.
Thanks to a immediate increase in digital transformation, distant work adoption, and ransomware assaults — all pushed by the COVID-19 pandemic and financial disruptions around the earlier calendar year — this report points to protection as the safest guess there is for company advancement. Few this with a deficiency of abilities and means amongst conclusion-consumer shoppers and the expanding probability that the workforce will in no way return to the ‘old normal,’ and it really is apparent that MSPs will have a lot of prospect in 2021 and outside of. They will also want to be proactive about stability. Respondents said proactivity is a key requirement when moving to a stability-centric services model, alongside with guaranteeing shoppers are totally secured with the proper alternatives.
“Because founding the once-a-year MSP Working day and Evolving MSP Landscape report, we have viewed the MSP current market adapt and boast extra possibilities than at any time, and this yr is no different,” states Brian Babineau, SVP & General Manager, Barracuda MSP. “The urge for food is there, undoubtedly between all those that have fallen victim to cybercrime as they have modified to remote performing, and it truly is now up to MSPs to have interaction with these prospects, provide the competencies and awareness they are lacking, and develop into a trusted company supplier.”
“In change, MSPs need reputable suppliers that are equipped to help and benefit them, presenting them every little thing they need to have to build the very best doable providers for their customers,” included Jason Howells, VP International Product sales, Barracuda MSP.
To perspective the comprehensive report, simply click right here: www.barracudamsp.com/landscape
It is really not too late to be part of us for MSP Day 2021: indicator up listed here
Examine the site write-up: http://cuda.co/46317
About Barracuda
At Barracuda we attempt to make the globe a safer area. We imagine each individual company justifies obtain to cloud-enabled, company-quality stability remedies that are easy to invest in, deploy, and use. We protect e mail, networks, info and applications with impressive answers that mature and adapt with our customers’ journey. Extra than 200,000 organizations around the world rely on Barracuda to defend them – in techniques they may not even know they are at hazard – so they can focus on taking their company to the upcoming stage. For more information and facts, go to barracuda.com.
Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered emblems of Barracuda Networks, Inc. in the US and other international locations.
Contacts
Anne Campbell
Barracuda Networks, Inc.
978-328-1642
[email protected]
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Source Barracuda Networks, Inc.