Each year, Channele2e.com, a leading managed IT services news and information site run by Joe Panettieri (Content Czar) and Amy Katz (president and CEO), publishes an industry ranking top 100 managed IT services providers globally by industry focus. The managed IT service organizations who make this prestigious list of the leading global IT firms specialize in a single unique industry.
Having first cracked the Channele2e Top 100 Vertical Market MSP list five years ago, LAN Infotech has been steadily rising through the ranks compared to other industry peers for our work with law firms throughout South Florida. In 2020, LAN Infotech cracked the Top 100 Vertical Market MSP list in the #93 position. In 2021, even with the global pandemic having a firm grasp on global markets, LAN Infotech was elevated to the #53 spot, leapfrogging many well-established brands in the information technology community.
The 2021 Top 100 Vertical Market MSP research results are awe-inspiring. MSP honorees successfully navigated the coronavirus pandemic and grew their managed annual vertical market revenue 25% on average. In stark contrast, total small business revenue in the United States fell 27.5 percent from January 2020 through March 2021, according to TrackTheRecovery.org.
“It is a great honor to be chosen as one of the top industry IT service organizations globally,” states Michael Goldstein, founder, and president of LAN Infotech. “2020 was especially tough for many of our competitors. However, LAN Infotech’s continued focus on building a strong community, partnerships with key organizations, and continued training with Microsoft 365 and its related solutions positioned LAN Infotech to grow. At the same time, many competitors struggle to maintain their client base.”
The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2020 and January 2021 readership survey and ChannelE2E’s vertical market industry coverage. Throughout the list and research, MSPs leverage deep industry expertise to drive annual recurring revenues (ARR) in specific market segments.
This year’s research revealed several key MSP market trends, including:
- Honorees generated a combined $1.40 billion in vertical market annual recurring revenue (ARR) in 2020, up from $1.12 billion million in 2019. The surge involved organic growth combined with continued merger and acquisition (M&A) activity.
- The most successful vertical market MSPs are zeroing in on healthcare and financial services, while MSPs in the legal and not-for-profit sectors also showed solid growth.
- The Top 100 Vertical Market MSPs now manage more than 3.1 million users across their customer sites as of 2020, up from 2.8 million in 2019.
- MSPs consider their top vertical market technology partners to be Microsoft (58%), Dell Technologies (19%), Cisco Systems (17%), ConnectWise (16%), and Amazon Web Services (14%). Datto, Fortinet, Ingram Micro, and Pax8 also earned strong MSP responses.
Discover more on how LAN Infotech’s award-winning IT services can benefit your organization. Visit https://www.laninfotech.com.