Konica Minolta Named to ChannelE2E List of Top 100 Vertical Market MSPs

Ramsey, NJ, — Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) today announced it ranks among the world’s Top 100 Vertical Market MSPs for 2023, according to ChannelE2E, a CyberRisk Alliance resource. Konica Minolta was ranked number thirteen among the top vertical market MSPs in healthcare, which places the company in the top five healthcare MSPs for the second year in a row.

“It means a great deal to us to again be recognized on this prestigious list,” said Marco Maggio, Vice President, IT Services Sales and Strategic Practices, Konica Minolta. “Konica Minolta’s healthcare IT solutions and services can be an integral part of facilitating healthcare organizations’ digital transformation and enabling them to operate securely, efficiently and effectively. We are dedicated to helping our clients adapt to emerging technologies in order to streamline their operations, and are honored to have this work acknowledged.”

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 also the biggest mover, increasing from 18% in 2021 to 31% in 2022.
Financial Services knocked Manufacturing out of the number two 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.

Through its IT Management Services, Konica Minolta successfully assists organizations in selecting, implementing and optimizing healthcare compliance, HIPAA services, cybersecurity solutions, revenue cycle management, cloud services, managed IT services and practice management solutions. Its compliance team helps clients meet the security and compliance challenges of the modern world by collaborating on a comprehensive threat assessment to protect data without straining resources such as staff or budget.

“ChannelE2E and CyberRisk Alliance congratulate Konica Minolta 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.