Eighth annual list reveals healthcare is a top market for managed service providers with vertical specialties
Irvine, California (July 17, 2023) — Synoptek ranks among the world’s Top 100 Vertical Market MSPs (http://www.channelE2E.com/top100) for 2023, according to ChannelE2E, a CyberRisk Alliance resource.
The annual list and research report identifies and honors 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.
Synoptek was ranked among the top vertical market MSPs in Top 5 Financial Services MSPs.
“ChannelE2E and CyberRisk Alliance congratulate Synoptek 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.
For nearly 22 years, Synoptek has worked in partnership with clients of all sizes – from mid-market to Fortune 100 – to innovate and help them achieve their vision for growth with consulting and technology management. With its comprehensive offerings, global workforce, and strategic technology partnerships, Synoptek helps organizations grow their business while optimizing and protecting their ecosystem. With growth, ownership, inclusivity, and philanthropy embedded in its DNA, Synoptek is committed to delivering improved business results and unmatched service to all its stakeholders.
Backed by a proven track record of success, Synoptek has global offices in 15 locations and serving more than 1,200 clients around the world with headquarters in Irvine, California, and offices across North America, Europe, and India. It has a Customer Satisfaction score of 4.93 and a 50+ powerful alliance network of Marketers and Leaders of Innovation.
Throughout the years, we’ve grown into a prominent player in the technology industry. We’ve been repeatedly recognized as one of the Top 100 Cloud Services Providers by Talkin’ Cloud and one of the Top Managed Services Providers by MSPMentor, among other honors from Inc. Magazine, Deloitte, and more. Some of the other service delivery accolades to make a note of are:
- Crosslake IT assessment benchmarked Synoptek as an industry leader across 4 of the 6 tracks assessed (top 16%). Synoptek was identified as a track leader in Managed Services with a score of 93.
- TSIA Managed Services Industry Benchmark against 145 peers identified Synoptek as an industry leader in 3 areas and a pacesetter in Business Ops/CS.
About Synoptek, Inc.
Synoptek is a business and technology consulting firm that helps companies envision, transform, and evolve. As a global systems integrator and managed technology services provider, Synoptek partners with organizations worldwide to help them navigate the ever-changing technology landscape and build solid foundations for their business. The company delivers accelerated business results through advisory-led, transformative full-life-cycle systems integration and managed services. We partner with organizations worldwide to help them navigate the ever-changing business and technology landscape, build solid foundations for their business, and achieve their business goals.
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.
Media Contact
Synoptek
Alexandra Gorrell, Director of Marketing
agorrell@synoptek.com | 949.241.8607