Author: Joanna Paneth, Content Writer at Xopero Software

In today’s world, entrepreneurs face numerous challenges. They must not only ensure operational continuity but also adapt to new trends and protect data. Collaborating with Managed Service Providers (MSPs) can be crucial. Through such partnerships, companies can manage IT more effectively and develop key business areas. MSPs are partners who not only respond to technological needs but also anticipate future requirements, allowing firms to stay ahead.

In today’s rapidly evolving digital world, where data forms the lifeblood of every enterprise, its protection has become a priority. From personal customer information to confidential business data, the loss of this information can be catastrophic. Endpoints backup plays a crucial role in the strategy for protecting infrastructure, enabling companies to restore lost data due to system failures, cyber attacks, human error, or other events.

In 2024, Managed Service Providers (MSPs) face challenges in the rapidly evolving world of cybersecurity. New technologies and attack methods are emerging, requiring MSPs to adapt their services to meet growing client demands for data protection. Cybersecurity has become a top priority, necessitating investments in advanced technologies, strategic risk management, and customer information protection. The primary objective is to safeguard data from threats and ensure business continuity.

Our role in securing client systems continues to expand in response to evolving cybercrime. According to the FBI, cyberattacks have increased by 400% since the onset of the pandemic! There is also a growing demand for managed security services – the global MSP market was estimated to be worth $299.01 billion USD in 2023, with further growth projected at a compound annual growth rate (CAGR) of 13.6% through 2030. So, what will the Managed Services Providers (MSP) market look like in 2024? Let’s take a closer look at this.