COVID-19 Effecting Growth In Many Ways
Prior to the COVID-19 outbreak, MSPs globally were projecting to grow their revenue by about 20 percent per year on average over the next three years. Those projections have been adjusted downward by 11 percent for the remainder of 2020, meaning MSPs are still expecting to grow through the crisis, but at a much slower pace than originally planned.
When MSPs were asked how they expect the pandemic to impact 2020 revenue, nearly 40 percent said they expected to reduce their growth projection by between 10 percent and 20 percent. Approximately 25 percent of MSPs said they expect to remain on plan or reduce their plan by less than 10 percent. Interestingly, 11 percent are actually revising their growth projections upward, expecting revenue to increase during the crisis compared to their original plan.
