MicroScope+ Premium Content/MicroScope

If there was a market where 70% of the companies expected to increase their budget spend by an average of 7%, it’s fair to say a lot of them would be very interested in that market – especially if they were planning to spend that extra budget on a particular technology or service. That’s exactly what the recent State of the market report from N-able found, revealing that 70% of SMEs are planning to increase their security budget with an average rise of 7%, which “represents a solid opportunity for MSPs [managed service providers]”. It argues that the conversation is no longer about whether security is important, but where the money should be spent and how to make the most of it. It’s easy to see why small and medium-sized enterprises (SMEs) are planning to spend more on security when you consider the results of the annual Business challenges survey of more than 1,000 SME owners by card payments specialist Takepayments. It found that 27% identified cyber security as the biggest threat to their business in 2022. The corresponding ...