Software company N-able, Inc. in collaboration with leading channel analyst firm, Canalys, has released its inaugural MSP Horizons Report. As the first comprehensive study of its kind in the managed services market, the report offers valuable insights into the biggest disruptive trends anticipated for 2024 and beyond, providing actionable information for managed service providers (MSPs) to navigate the future.
BURLINGTON, Mass. - N-able, Inc. (NYSE: NABL), a global software company specializing in remote monitoring and management, data protection as-a-service, and security solutions for IT service providers, has unveiled the MSP Horizons Report. Developed in partnership with renowned channel analyst firm, Canalys, this groundbreaking report dives into the influential trends projected to reshape the managed services market in the coming years.
The detailed report, a first of its kind, identifies key disruptive trends that MSPs need to be aware of to stay competitive in the rapidly evolving landscape. By providing actionable insights, N-able equips MSPs with the knowledge to proactively adapt and respond to emerging challenges and opportunities.
N-able’s MSP Horizons Report draws upon a comprehensive analysis of numerous industry factors, including technological advancements, evolving customer demands, and market shifts. By highlighting these trends, the report empowers MSPs to drive innovation and enable continued growth within their businesses.
Among the standout findings, N-able’s report unearths the immense potential of emerging technologies such as artificial intelligence (AI), machine learning, and cloud computing. These technologies are predicted to reshape the managed services market by offering enhanced efficiency, scalability, and security solutions for clients.
Additionally, the MSP Horizons Report sheds light on the rising importance of data protection as-a-service solutions, as organizations increasingly recognize the need to safeguard their digital assets from evolving cyber threats. MSPs that embrace this trend and develop robust data protection offerings stand to gain a competitive advantage in the market.
The report also compares N-able’s financial performance to its competitors, revealing a revenue increase in the third quarter of 2023. Although the growth rate did not match that of its competitors’ average revenue growth of 186.61% achieved in the same period, N-able reported higher profitability with a net margin of 5.61%.The commendable financial performance can be attributed to N-able’s net profit of $6.01 million, a significant improvement compared to the net loss of $-1.93 million recorded in the corresponding quarter of the previous year.
In conclusion, N-able’s MSP Horizons Report is a game-changing resource for MSPs seeking to better understand the disruptive trends expected to shape the managed services market in the years to come. By embracing and adapting to these emerging trends, MSPs can position themselves at the forefront of industry innovation and secure a competitive advantage.
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