Channel e2e Top 100 Vertical Market MSPs 2022 Edition

Network Builders Top 100 Managed IT Services Provider

Seventh-Annual List Reveals Leading MSPs In Healthcare, Legal, Government, Financial Services & More

April 26, 2022, Modesto, CA: Network Builders IT, Inc ranks among the world’s Top 100 Vertical Market MSPs (https://www.channele2e.com/top100/) for 2022, according to ChannelE2E, a CyberRisk Alliance resource.

The annual list and research (hashtag: #MSP100) identify and honor the top 100 managed services providers (MSPs) in healthcare, legal, government, financial services, manufacturing and additional vertical markets. Moreover, the research affirms that vertical market MSPs have vastly expanded their managed security capabilities.

This year’s research revealed several key MSP business, security and market trends. Key takeaways include:

  • Surging MSP Revenues: Honorees generated a combined $3.05 billion in vertical market annual recurring revenue (ARR) in 2021, up 42% from $2.14 billion in 2020. The surge involved extremely strong MSP merger and acquisition (M&A) activity; accelerated demand for cloud & cybersecurity services; and successful MSP pivots amid the continued COVID-19 pandemic.
  • Key Verticals: The most successful vertical market MSPs are zeroing in on healthcare and manufacturing, with continued strong interest in financial services, legal and government opportunities.
  • Managed Security Services: All of the honorees offer some form of managed security services – particularly backup and disaster recovery (96%), endpoint detection & response (EDR, 88%) and managed detection and response (MDR), 82%). Moreover, the MSPs increasingly focus on emerging areas such as Cloud Security Posture Management (CSPM, 49%) and eXtended Detection and Response (XDR, 38%).
  • End-Customer Reach: The Top 100 Vertical Market MSPs now manage more than 6.1 million users across their customer sites as of 2021, up from 3.1 million in 2020.
  • Top 10 Strategic Technology Partners: MSPs consider their top vertical market technology partners to be Microsoft (46%), ConnectWise (18%), Datto (18%), Cisco Systems (15%), Dell Technologies (14%), Ingram Micro (13%), Amazon Web Services (10%), SentinelOne (10%), Fortinet (9%) & Tech Data (7%).

Network Builders IT was ranked among the top vertical market MSPs in Manufacturing.

“We are honored to be recognized as a market leader in the Top 100 Vertical Market MSP and in the Manufacturing vertical market. We owe this honor to the customers that we service and the Network Builders IT employees that are so dedicated to our mission.” said executive Bill Bunnell, CEO, Network Builders IT. “Our goal is always to be the best partner we can be to our clients, provide value and expertise, while focusing on today’s cybersecurity landscape.”

“ChannelE2E and CyberRisk Alliance congratulate Network Builders IT on this honor,” said Amy Katz, executive VP and general manager of ChannelE2E, a CyberRisk Alliance resource. “Businesses worldwide increasingly outsource their most critical security, business automation and IT management requirements to the world’s Top 100 Vertical Market MSPs.”

The ChannelE2E Top 100 Vertical Market MSPs list and research are overseen by Joe Panettieri (@JoePanettieri), executive VP and editorial director of ChannelE2E. Find the online list and associated report here: https://www.channele2e.com/top100/

About Network Builders IT
Network Builders IT was founded in 2006 and provides our clients with the highest quality customer service while helping them get the most out of their technology. Network Builders IT helps companies navigate business technology decisions by providing Managed Cybersecurity, Managed IT Services, Network Support, Data Backup and Business Continuity, and Cloud Solutions. Our vision is to be the best IT Service Provider to partner with. Contact us to see how our people, passion, and pride differentiate us from our competition.

About ChannelE2E
ChannelE2E (https://www.channele2e.com/), a CyberRisk Alliance resource, is the leading digital destination for MSPs, IT service providers, channel partners and strategic investors seeking to maximize their business valuations, mitigate business risk and maximize security — from Entrepreneur to Exit.

About Cyber Risk 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, InfoSec World, Cybersecurity Collaboration Forum, our research unit CRA Business Intelligence, the peer-to-peer CISO membership network, Cybersecurity Collaborative, and now Identiverse, ChannelE2E and MSSP Alert.