The managed service provider (MSP) industry continues to expand, and this trend is not likely to change any time soon. Even in the current economic situation, where recession is in sight, demand for MSPs remains strong, resulting in growth opportunities this year. This is backed by the fact that 58% of participants at WatchGuard's webinar Top 3 Growth Opportunities for MSPs in 2023 and Beyond believe that cybersecurity spending will be maintained going forwards.

Here are five areas you can research to find a managed service provider that is right for your organization.

The best-managed service solution paired with a top-managed service provider means your operations are more resilient.

As managed service providers (MSPs) at the helm of keeping organizations secure, taking proactive steps toward cyber hygiene is more vital now than ever. Maintaining an up-to-date and healthy environment is impossible without regularly updating software agents. Updating these tools improves operational efficiency, reduces IT ticket volume, and defends against known or potential new vulnerabilities in your clients' systems.

Like previous years, 2022 was marked by the relentless rise in cybersecurity threats, resulting in higher investment in cybersecurity solutions and managed services (MSP). According to Canalys Q3 2022 data, despite deteriorating economic conditions, the global cybersecurity market grew 15.9% year-on-year to $17.8 billion. Channel sales accounted for 90.6% of the overall market and were up by 15.9% compared to 2021, outpacing direct sales.