Eighth annual list reveals healthcare is a top market for managed service providers with vertical specialties.
Minnetonka, MN, July 10, 2023 – Afinety, Inc., a managed cloud and IT services provider for law firms ranked #32 among the world’s Top 100 Vertical Market MSPs for 2023 and #3 in the Legal market, 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 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.
Afinety, Inc. ranked #3 among the top vertical market MSPs in the Legal market.
“We are honored to maintain our position as the third-ranked MSP serving the Legal market for the second year in a row, said Ed Grubb, VP of Legal Services, Afinety, Inc. Today, law firms seek a partner that prioritizes attorney and staff experiences while helping them modernize their aging infrastructure. With over thirty years of experience serving the legal community, strong partnerships, technical expertise, and enterprise-class service delivery, we can architect the digital technology foundation that law firms need. This recognition validates our unwavering commitment to delivering exceptional service and meeting our clients’ high expectations.”
“ChannelE2E and CyberRisk Alliance congratulate Afinety, Inc. 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.
Afinety’s Cloud Platform empowers law firms to modernize their technology infrastructure and drive transformative change in the workplace. With a team of experts in cloud, legal applications, security, and infrastructure, Afinety, Inc., offers flexible and secure technology foundations on both Amazon Web Services and private cloud infrastructure. The focus is on maximizing productivity, increasing efficiency, and delivering personalized client experiences of the highest caliber.
In addition to technology modernization, Afinety, Inc., has made significant investments in security personnel, next-generation tools, and services over the past several years. This allows clients to benefit from enhanced baseline protection and improve their own security posture, providing law firms with improved data protection and advanced business opportunities.
About Afinety
For more than 30 years, Afinety has partnered with law firms to help them drive profitability and growth through smart technology decisions.
With Afinety’s managed cloud and IT services, clients can securely access critical applications and cloud-based services from any location, increasing agility, scalability, and productivity, while also gaining a technology foundation that can support strategic firm direction. Afinety couples deep private and public cloud expertise with our legal application expertise as part of a comprehensive IT-as-a-Service solutions portfolio.
As part of our partnership with law firm clients, we remove the complexities of the underlying technology to help clients get back to what matters most: driving growth and productivity as part of running a higher performing business. For more information, you can reach us at info@afinety.com.
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Afinety, Inc. PR Contact:
Valerie Vallancourt, Afinety, Inc., valerie.vallancourt@netgaincloud.com
About CyberRisk Alliance
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