Looking for a new opportunity/revenue stream for your MSP in 2025? vCISO or fractional CISO services may be worth exploring.
End customers are more focused on cybersecurity than ever before, and they need help. Consultants and vendors are providing services to help get MSPs (and MSSPs) up to speed in how to offer this vital service and make it easier to deliver.
Our affiliate site, MSSP Alert’s new Pricing Benchmark Report shows that the average retainer for vCISO services is $2,697 per month, with per hour rates as high as $450 after retainer hours are consumed.
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Today’s Tech, Channel and MSP News
1. IT spend for 2025 – Next year looks pretty good. Canalys is forecasting an increase in IT spend of 8% to $5.44 trillion in 2025. That’s an increase over 2024 which is currently projected at a 7.7% increase and marks the strongest growth rate since the post-COVID tech boom of 2021. Canalys projects that partner-delivered IT will grow by 7.1% to account for 70% of the total addressable IT market.
2. Open source PSA – Nine Minds (a Bellini Capital company) founder and CEO Robert Isaacs has been busy updating the free open source PSA he rolled out at IT Nation. A month ago the team updated Alga PSA on Github with new features and improvements. Three weeks ago a new version got scheduling, billing and project management. Each week the platform has gained greater functionality. Looking forward to seeing where this goes in 2025.
3. LinkedIn Wrapped – You’ve seen Spotify Wrapped, and now LinkedIn Rewind by Coauthor is in its second year (as far as we can tell at ChannelE2E). Here are a few examples. What does yours look like?
4. Channel community, wrapped – You may also want to check out CompTIA’s Top 10 Community Videos of 2024. Who will lead this community in 2025 and beyond as the organization splits in two? We have some ideas.
5. M&A valuations and insights - Finally, if you’re focused on M&A in 2025 or after, you may want to check out our recent video interview with Cogent Growth Partners’ Rick Murphy. Rick shares some insights behind valuations and different types of acquisitions.
