July 11, 2023 (EAST HANOVER, NJ) – SWK Technologies, Inc. ranks among the world’s Top 100 Vertical Market MSPs (http://www.channelE2E.com/top100) for 2023, according to ChannelE2E, a CyberRisk Alliance resource.
The annual list and research report identify and honor the top 100 MSPs in healthcare, legal, government, financial services, manufacturing and additional vertical markets. Additionally, this year’s report revealed key MSP business, security and market trends and affirms that vertical market MSPs have vastly expanded their managed security capabilities.
Among the report findings:
- In total, the top vertical market MSPs generated revenues of $2.87 billion in 2022 compared to $2.25 billion in 2021, representing a 27.5% increase year over year.
- In 2022, MSPs consolidated more heavily into two vertical markets in particular – Healthcare and Financial Services/Banking. Healthcare, which was also the biggest market last year, remains the largest, and also the biggest mover, increasing from 18% in 2021 to 31% in 2022.
- Financial Services knocked Manufacturing out of the number 2 slot this year, growing from 13% in 2021 to 23% in 2022.
Rankings are based on annual recurring revenues in specific markets for the calendar year of 2022.
SWK Technologies was ranked among the top vertical market MSPs in manufacturing market.
“We’re proud to be named to the ChannelE2E Top 100 list once again,” said Bill Michael, VP of Managed Cloud Services. “Whether it’s with vCIO/CISO, Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), cybersecurity, business continuity, disaster recovery or helpdesk support, the SWK team strives to enable the success of our customers through the latest digital technologies and by helping them obtain the most value of their IT investments each and every day.
“ChannelE2E and CyberRisk Alliance congratulate SWK Technologies on this honor,” said Jessica C. Davis, editorial director of ChannelE2E, a CyberRisk Alliance resource. “Vertical market MSPs tend to grow faster and enjoy better margins than the rest of the pack. They are able to specialize, standardizing their technology stacks for their specific vertical markets and training their staff to best serve those verticals, leading to more efficient operations.”
ChannelE2E’s Top 100 Vertical Market MSPs list and research report are overseen by Jessica C. Davis, Editorial Director, MSSP Alert and ChannelE2E.
Click here to download the list and associated report.
About SWK Technologies
SWK empowers business leaders to fulfill their vision of a smarter and easier way to run their organizations. SWK offers managed cloud services (MCS) supported by dedicated regional teams coast-to-coast across the U.S., core accounting and financial software, and process automation solutions. Additionally, SWK helps small and mid-sized enterprises streamline operations and reduce manual tasks and gain valuable insights into critical data by modernizing and integrating accounting and finance systems, automating processes, managing talent, and leveraging a scalable infrastructure to securely access data and applications from anywhere. SWK Managed Cloud Services, the cloud hosting and managed services division of SWK Technologies, is an award-winning IT solution provider and network defense resource. SWK’s parent company, SilverSun Technologies, Inc., is publicly traded (NASDAQ: SSNT).
About CyberRisk Alliance
CyberRisk Alliance (CRA) is a business intelligence company serving the high growth, rapidly evolving cybersecurity community with a diversified portfolio of services that inform, educate, build community, and inspire an efficient marketplace. Our trusted information leverages a unique network of journalists, analysts and influencers, policymakers, and practitioners. CRA’s brands include SC Media, Security Weekly, ChannelE2E, MSSP Alert, InfoSec World, Identiverse, Cybersecurity Collaboration Forum, its research unit CRA Business Intelligence, the peer-to-peer CISO membership network, Cybersecurity Collaborative, the Official Cyber Security Summit, TECHEXPO Top Secret, and now LaunchTech Communications. Click here to learn more.