MSPs are strategically positioned to help SMEs with their security needs and take advantage of this quickly growing market opportunity. According to 451 Research’s Hosting, Cloud & Managed Services Market Monitor, managed security services revenue will expand at a compound annual growth rate of 15.4% over the next five years, reaching $27bn annually by 2023.
To meet the demands of customers and increasingly complex regulatory requirements, MSPs must go beyond just offering simple, point security services such as firewall management or content filtering and expand into advanced security services and become the security experts that customers need.
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