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An effective businesscontinuity and disasterrecovery (BCDR) plan should be considered essential for organizations of all types. Revenue loss associated with IT downtime can be devastating to businesses—especially small to medium sized businesses (SMBs) that cannot absorb losses as easily as larger corporations.
Related: Building elasticity in outsourced managed services ] Current state of the MSP market According to Mordor Research , the managed services market will grow to $380 billion by 2028, up from $260 billion in 2023, buoyed by increased adoption of the model among SMBs, as they look to outsource non-core IT systems and functions. “
Sometimes, small or medium-sized businesses (SMB) lack the resources or expertise to conduct an extensive risk analysis, so they hire external experts, such as MSPs or MSSPs , to assess IT risks and provide comprehensive cybersecurity tools to mitigate cyberthreats. What are the types of IT risk? . Assess impact and likelihood.
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