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Security is top most requested service customers want from MSPs: Acronis-Omdia report

Data Backup Market for MSPs

Acronis, a global leader in cyber protection, announced the results of a new survey conducted by Omdia (formerly Ovum), which shows that the most requested service that customers want from managed service providers (MSPs) is security.

In the research report titled “Understanding the Security and Data Backup Market for Managed Service Providers (MSPs),” an Acronis-supported survey was conducted involving 263 that serve small and mid-sized businesses (SMBs).

Analyzing the results, MSPs showed an overwhelming demand for reliable security offerings: 97% of respondents indicated the importance of ensuring minimal data loss or corruption in the event of an attack, and 88% of the MSPs indicated the need for an ability to reduce the damage that cyberattacks can cause.

Understanding the Security and Data Backup Market for Managed Service Providers (MSPs) : Acronis – Omdia Report

Chart 1: Top 3 Planned Areas of Security Improvements in the Next 12 Months

Areas of Security Improvements

In addition, 89% of respondents expressed the need to offer a service that goes beyond anti-virus, anti-ransomware, and firewalls.

Acronis Chief Cyber Officer Gaidar Magdanurov comments that the findings are in line with the feedback the company has received in the last few years.

“Service providers are looking to earn higher profit, avoid customer churn, and improve the ease of use of their technology stacks for their teams,” said Gaidar Magdanurov.

“In the survey, 84% of respondents confirmed that it is difficult to work with multiple vendors and suppliers for each aspect of the security stack. Instead of using multiple tools for backup, anti-virus, anti-malware, vulnerability assessments, URL filtering, patch management, etc., a single, integrated cyber protection solution would greatly improve their ability to efficiently provide better services to their clients. This is why we see rapid adoption of Acronis Cyber Protect by service providers from all over the world,” Gaidar added.

Related read: Enhancing on-premise solutions market in India: ZNet becomes a distributor of Acronis

Acronis Cyber Protect, one of Acronis’ latest offerings, provides a unique integration of backup with full-stack next-generation security and management tools. A single integrated solution simplifies day-to-day operations for service providers, increases the productivity of their technicians, and delivers much higher security and reliability for end customers, avoiding downtime and data loss that could lead to customer churn.

Chart 2: Top Business and Organizational Challenges Facing MSPs

Challenges Facing MSPs

Keeping costs down’ is a key concern for MSPs, according to the Omdia survey: 92% of respondents say acquiring the skills and expertise to deliver security services is a major business challenge because many available services are expensive and scarce.

COVID-19 continues to have a relentless grip on the world, resulting in the most challenging business environment we’ve seen since last decade’s Great Financial Crisis and the Great Depression of the 1930s,” comments Roy Illsley, Distinguished Analyst at Omdia, and one of the lead authors of the report. “In these environments where organizations are facing a new threat that they are ill-prepared for, cybercriminals can only thrive. To combat this, MSPs and their clients must have the ability to implement the most appropriate solutions to deal with these increasingly sophisticated attacks.”

Chart 3: Top Technical Challenge MSPs Face

Technical Challenge MSPs Face

The challenge for MSPs is to understand the risk of continuing to use legacy solutions from multiple vendors to provide protection for their customers. The need for agile yet integrated solutions designed specifically for the MSP market is very high in these most challenging times.”

Acronis Cyber Protect, like all of Acronis’ solutions, is developed based on the Five Vectors of Cyber Protection — safety, accessibility, privacy, authenticity, and security (SAPAS). Cyber protection, which IDC calls the new IT discipline, addresses the need to combine data protection and cybersecurity, which have historically been treated as separate practices, to mitigate risk and meet the emerging challenges created by modern data use.

The Omdia survey also lists the top three areas MSPs feel are important with regards to backup and recovery: being able to automate the backup process; providing protection against ransomware; and backing up the most popular SaaS applications, such as Microsoft 365.

More about Acronis Cyber Protect

Acronis Cyber Protect changes the game by giving MSPs a single solution to deliver backup, anti-malware, security, and endpoint management capabilities such as vulnerability assessments, URL filtering, and patch management.

These integrated capabilities create new opportunities for MSPs to deliver enhanced cybersecurity. With Acronis Cyber Protect, MSPs can proactively avoid cyberattacks, minimize downtime, ensure fast and easy recoveries, and automate the configuration of client protection to counter the latest cyberthreats.

The result is improved margins, better profitability, easier SLA compliance, greater performance, and decreased churn – all at a lower cost.

Understanding the Security and Data Backup Market for Managed Service Providers (MSPs) : Acronis – Omdia Report
Read next: Cybersecurity market in India to reach $3 billion by 2022: DSCI-PwC Report

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