Eighth annual list reveals healthcare is a top market for managed service providers with vertical specialties.
Minnetonka, MN, July 10, 2023 – Netgain Technology, LLC, the premier cloud solutions provider catering to accounting firms and healthcare organizations ranks #42 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 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.
Netgain Technology, LLC was ranked among the top vertical market MSPs in the Financial Services and Healthcare markets.
“We are honored to be recognized as one of the world’s Top 100 Vertical Market MSPs by ChannelE2E for 2023,” said Sumeet Sabharwal, CEO of Netgain Technology, LLC. “Securing the #42 position among such esteemed companies is a testament to our unwavering commitment to serving our accounting and healthcare clients. We have focused on accelerating Microsoft Azure adoption across these verticals, combing deep cloud expertise with industry-specific frameworks to efficiently migrate, manage, and secure mission-critical workloads. This recognition further solidifies our position as a trusted partner in the Financial Services and Healthcare sectors, and we are excited to continue delivering exceptional value and service to our clients in these industries. Our differentiated value proposition combines extensive industry expertise, strategic partnerships, proficient technical skills, and a proven enterprise-grade delivery model.”
“ChannelE2E and CyberRisk Alliance congratulate Netgain Technology, LLC 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.
Netgain’s strong alignment with Microsoft’s vision of the modern workplace ensures that clients benefit from a transformational, modern, and secure technology infrastructure necessary for CPA firms and healthcare organizations to thrive in today’s challenging market landscape. The Netgain Cloud Platform leverages Microsoft’s Modern Workplace framework to deliver a high-performance, hybrid-optimized, and fully managed cloud-based workspace that seamlessly integrates key business applications, productivity and collaboration tools, and robust security controls.
About Netgain Technology, LLC
Netgain provides managed cloud and IT services to mid-market firms in the Accounting and Healthcare industries. Netgain couples deep private and public cloud expertise with industry-specific application expertise as part of its comprehensive IT-as-a-Service solutions portfolio. Netgain partners with businesses to accelerate IT transformation, enhance security and resiliency, and elevate the end-client experience. Most importantly, Netgain removes the complexities of the underlying technology to help clients get back to what matters most: driving growth and productivity as part of running a higher-performing business. Discover more at netgaincloud.com.
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Netgain PR Contact:
Valerie Vallancourt, Netgain Technology, LLC., valerie.vallancourt@netgaincloud.com
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