Security News > 2023 > June > Economic volatility drives businesses to MSPs

Achieving business growth tops the list of budget drivers, said 32% of respondents.

Relentless cybercriminals pose continuous threats leading to 40% of respondents citing cybersecurity and data protection as the foremost IT challenge in 2023.

Legacy systems hampering growth and innovation were reported as the second biggest challenge by 24% of respondents.

39% of respondents cited IT automation as technology in focus for investment, followed by 30% for email security - including phishing prevention, and 27% for endpoint detection and response.

SMBs are outsourcing more IT services to MSPs. According to the report, almost 80% of respondents said they outsource one or more IT services to an MSP, up from 64% in 2022.

"The Kaseya's report provides confirmation to how the continuing economic uncertainty, increasing cyber threats and shortage of IT professionals is opening the door to opportunities for MSPs. For organizations to remain viable into the future, business strategies will need to encompass replacing legacy solutions and outdated IT infrastructures, improving cyber security measures and increasing automation, and these initiatives will require resources," said Greg Jones, VP of business development, EMEA at Kaseya.

News URL

https://www.helpnetsecurity.com/2023/06/28/msps-outsourcing/