The market for managed services is poised for continued growth with cybersecurity being in high demand. Small and midsize businesses (SMBs) are increasingly concerned about protecting their people, data, applications, and Cloud workloads from risks, and many SMBs are now familiar with the MSP model and becoming more selective.

Managed service providers (MSPs) are an attractive target for cybercriminals because of the large amount of sensitive data they handle and their access to their customers' critical infrastructure. A recent survey revealed that 78% of MSPs consider cybersecurity to be their biggest challenge, which has risen considerably from 67% last year. This trend highlights how important it is for MSPs to invest in innovative cybersecurity solutions and train skilled personnel to protect against new threats.