May 7, 2021
All Covered earned the #8 spot on ChannelE2E’s Top 100 Vertical Market MSPs for its expertise in delivering solutions to the healthcare industry, Konica Minolta said. This is All Covered’s sixth consecutive year in the top ten. The annual list and research identify and honour the top 100 managed services providers (MSPs) in healthcare, legal, government, financial services, manufacturing and additional vertical markets.
This year’s Top 100 Vertical Market MSP research results are particularly impressive. MSP honourees successfully navigated the coronavirus pandemic and grew their managed annual vertical market revenue 25% on average. In stark contrast, total small business revenue in the United States fell 27.5% 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:
- Honourees generated a combined $1.40 billion (€1.15 billion) in vertical market annual recurring revenue (ARR) in 2020, up from $1.12 billion (€0.92 billion) 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.
“We are extremely honoured to be recognised by ChannelE2E for our work enabling healthcare organisations, even amidst a pandemic, to meet today’s escalated challenges, particularly around Healthcare IT, security and changing compliance regulations,” said Navin Balakrishnaraja, Practice Director for Healthcare IT Services, All Covered. “Our comprehensive range of solutions not only helps navigate the ever-changing landscape, but also provides healthcare organizations with the assurance that their patients and staff will always be taken care of, improving outcomes toward a brighter, resilient future.”
“After Nines Inc. congratulates All Covered on this honour,” 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.”
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