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The ConnectWise 2024 MSP Threat Report was created by the ConnectWise Cyber Research Unit (CRU)—a dedicated team of ConnectWise threat hunters who identify and research new attacks and vulnerabilities and publicly share what they find across the community. To learn more about ConnectWise, please visit connectwise.com. However, the 2024 Threat Report uncovered that during 2023 there was an increase in malicious activity using a different delivery approach in which threat actors place themselves so that victims proactively come to them, known as a drive-by compromise. TAMPA, Fla. (April 2, 2024) – ConnectWise, the world’s leading software company dedicated to the success of technology solution providers (TSPs), today announced the findings of its annual MSP Threat Report. MSP Clients increasingly expect proactive support, stronger security, faster response times, and clearer proof of business value.
Or maybe you’re looking to improve your Facebook ads to increase conversions? That is why we offer premier IT support, let us guide you through, strengthening security, managing storage capacity, and facilitating remote work capabilities. Xurrent’s new built-in iPaaS is designed to help AI agents move from recommendation to execution by connecting ITSM workflows directly to systems like… If your organization can help MSPs improve profitability, strengthen cybersecurity, leverage AI, or deliver better customer outcomes, we encourage you to submit your session proposal today.
Clients in these markets increasingly expect MSPs to act as strategic business partners, not vendors. These regions have well-established MSP ecosystems but face mounting customer sophistication and regulatory scrutiny. MSPs targeting SMBs succeed by offering bundled services that simplify procurement, providing education-focused marketing that builds trust, and developing standardized technology stacks that enable efficient delivery at scale. 72% of US SMBs plan to increase managed IT spending by 2025, recognizing that outsourcing provides access to enterprise-grade https://www.faststartfinance.org/how-to-take-a-solo-entrepreneurship-to-the-next-level/ capabilities at predictable costs without maintaining large internal IT teams. For MSPs seeking to differentiate and move upmarket, developing vCIO capabilities represents a proven growth strategy.
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- Barracuda is adding Evo Security’s IAM and PAM tools to BarracudaONE, giving MSPs more ways to build identity security services beyond MFA.
- His writing covers remote IT teams, onboarding, communication systems, and leadership practices that improve outcomes for globally distributed support organizations.
- Growth is particularly strong in healthcare, financial services, manufacturing, construction, and legal sectors, each offering specialized compliance and technology requirements that create natural barriers to entry.
- Download the guide to learn how to scale smarter, strengthen client relationships, and use risk management as a competitive advantage.
- Maybe you’re just curious to learn the latest CI/CD strategies to keep your clients’ pipelines and software supply chains secured?
- In a survey of small businesses, more than 86% of respondents said that they don’t use business intelligence tools to their full potential.
71% of MSPs saw 40% improvement in ticket resolution speed with AI automation. Sellers must learn to frame security program management in terms of operational continuity, regulatory consequences, and reputational liability to create immediate urgency. He has also published thought leadership pieces online, including articles on technology and digital trends.
Breach Transparency Remains Cybersecurity’s Toughest Governance Problem
As AI, cloud computing, edge computing, and hybrid tools proliferate, the scope of cybersecurity is expanding. Automation also helps to resolve IT help desk ticket issues faster—up to 50% faster, in some cases. As AI begins to transform business processes, IT operations have become a prime target for automation. One logical source of advantage is outsourcing IT, which enables companies to focus on their core differentiators. Check your domain’s email authentication status and see if you’re protected from spoofing, phishing, and email fraud.
From talent pooling and recruitment to offboarding and invoicing, MSPs can use the rich capabilities of external workforce management solutions to create and efficiently manage a versatile external workforce for your business. Businesses can take advantage of an MSP’s capabilities and industry knowledge while avoiding the direct cost of managing the program themselves. Outsourcing managed services allows businesses to reduce the cost of dedicated personnel working in-house, along with the technology, tools, and other required resources. Passengers traveling between Terminal 1 and Terminal 2 may ride free of charge, with inter-terminal service operating at all hours, including overnight when the remainder of the Blue Line is closed. In 2010, highway signage approaching the airport was updated to more clearly indicate which airlines serve each terminal.
- Inforcer is built for MSPs that are trying to standardize their Microsoft 365 business instead of managing every customer tenant as a one-off project.
- AI-powered risk management helps MSPs and MSSPs scale services, improve efficiency, and deliver continuous value to clients.
- This architecture reduces latency, improves real-time analytics, and enhances performance for mission-critical applications.
- Make sure you join the subreddit for all things related to the administration of Apple devices.
- Many MSPs are looking to reduce vendor sprawl and simplify operations by consolidating tools across PSA, RMM, security, and reporting.
“Having built a business across North America, EMEA, and Asia Pac, we monitor, manage, and orchestrate that footprint as part of our operating model,” he said. Scott Steele, COO of No. 7 Thrive, said MSPs can face pricing pressures from current economic conditions. “We’ve seen tremendous growth in our managed collaboration-as-a-service business because of our ability to manage complex meeting room technology and provide real-time support for video conference sessions globally,” he said. “We’re extremely bullish on opportunities for managed service providers to enhance the customer experience,” Paul said.
A total of 51% of all companies plan to transition to hybrid workplace environments. More than one-fourth (26%) of all MSP companies report that staffing is a major issue due to the inability to hire enough employees to provide adequate client support. While successful teams do have differing opinions, according to managed service provider trends, the best-performing teams treat automation as a tool to enhance productivity, not eliminate jobs. As mentioned previously, there remains some uncertainty about the role automation will play in the MSP space. According to AI in MSP stats, many top-performing MSPs have seen improvements of 15-25% in technician productivity and reductions of 40-70% in time to resolve tickets. When MSPs implement artificial intelligence (AI) in their business operations, they can expect significant improvements in operational performance.
Close to 60% of providers expect expansion driven by acquiring new clients
In each of these pricing approaches, the customer pays the flat fee on a regularly scheduled basis, often monthly. https://www.chatirwebdesign.com/top-10-affiliate-networks-for-2018.html The types of managed service providers can differ depending on the criteria chosen to categorize them. Pure-play MSPs specifically focus on one vendor or technology and more commonly offer their own native services.
Cloud management includes monitoring and managing the client’s cloud infrastructure by providing managed services such as computing, cloud security, network operations and storage. SMBs are increasingly turning to their MSP partners for assistance to enhance their security setup and ensure compliance with relevant regulations. As such, companies have become more vigilant about their cybersecurity posture and are seeking the most advanced security services to protect their sensitive data and networks. Under this model, clients have the freedom to create a customized package for their business by picking out the services they need. A strong pricing model should be suited to your business’s current needs and should also be capable of scaling and adapting to future demands.
Many MSPs are looking to reduce vendor sprawl and simplify operations by consolidating tools across PSA, RMM, security, and reporting. MSPs must integrate strategic advisory, automation, and managed services that tie to client business outcomes. MSPs are using it to automate ticketing, improve incident response, reduce alert noise, support technicians, and build new managed services around AI-enabled operations. These include AI-driven automation, cybersecurity services taking the lead, vertical specialization, increased M&A activity, talent challenges, cloud & multi-cloud management, and outcomes/value-based pricing. The most successful MSPs in these countries will look less like outsourced IT shops and more like mini consulting firms with automation engines, combining advisory insight with operational execution.
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