Eighth annual list reveals healthcare is a top market for managed service providers with vertical specialties

July 19, 2023 – 3Cloud ranks among the world’s Top 100 Vertical Market MSPs 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.

3Cloud was ranked #39 out of 100 in ChannelE2E’s Top 100 Vertical Market MSPs List for 2023 for achievements in the Financial Services/Banking category.

“ChannelE2E and CyberRisk Alliance congratulate 3Cloud 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.”

See this award and others on the 3Cloud Awards page.

About 3Cloud
As a top Microsoft services partner focused 100% on the Azure platform, 3Cloud helps clients build, migrate, modernize and manage their applications, infrastructure, data and analytics in the cloud. 3Cloud was recently named the 2023 Microsoft US Partner of the Year for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft Azure technology. Founded by Microsoft executives, 3Cloud combines a team of highly experienced cloud architects and technologists with a strong network of Microsoft sales and engineering relationships to deliver the ultimate Azure experience for clients.

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.