Cynomi Targets Third-Party Risk as Next Growth Engine for MSPs
Event summary
- Cynomi released an industry guide on third-party risk management (TPRM), positioning it as the largest untapped revenue opportunity for MSPs.
- 45% of organizations are expected to face supply chain attacks by 2026, with 30% of data breaches involving third parties.
- Cynomi is offering a limited-time free license for its TPRM capabilities through June 30, 2026.
- The global TPRM market is projected to grow from $3.8B in 2024 to $7.18B by 2030, an 89% expansion.
The big picture
The escalating threat of supply chain attacks and regulatory pressures are pushing organizations to formalize vendor risk management. Cynomi is positioning itself as the enabler for MSPs to capitalize on this shift, transforming TPRM from a manual process into a scalable, high-margin service. The projected growth of the TPRM market underscores its strategic importance as the next major growth engine for managed security providers.
What we're watching
- Market Adoption
- How quickly MSPs will integrate TPRM into their service offerings and whether this will drive meaningful revenue growth.
- Regulatory Pressure
- The pace at which tightening regulations like SOC 2, HIPAA, and NIS2 will accelerate demand for structured vendor risk governance.
- Competitive Dynamics
- Whether Cynomi can maintain its lead in automating TPRM as other platforms rush to replicate its capabilities.
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