The seventh annual list reveals leading MSSP, MDR, and MSP security companies expect strong revenue growth in 2023 vs. 2022.
Maidenhead, UK. 20 September 2023: Performanta ranks among the Top 250 MSSPs for 2023, securing its spot at number #28 globally, according to MSSP Alert, a CyberRisk Alliance resource.
The Top 250 MSSPs honourees were announced in a live webcast on September 14.
The complete list and research report are available here: https://www.msspalert.com/top-250
The on-demand webcast will be available to watch here: https://www.msspalert.com/webcasts
Key findings include:
MSSP Revenue Growth & Financial Performance: MSSP honourees, on average, expect to generate $56.3 million in revenue for 2023, more than double the number from our 2022 report. However, the 2023 Top 250 reported 2022 revenues averaged $47 million.
Geography: Honourees are headquartered in 37 different countries.
Profits: 87% of MSSPs surveyed expect to be profitable for fiscal year 2023.
Security Operations Centres: 67% have in-house SOCs, 23% are hybrid, 8% completely outsource their SOCs, and 1% are re-evaluating their SOC strategies.
Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2023 include phishing (95%), vulnerability exploits (91%), and ransomware (86%).
Cybersecurity Solutions: Larger MSSPs were more likely to run their SOC entirely in-house (85%) while just half of our smaller segment MSPs ran their SOCs in-house and 33% took a hybrid approach (a portion in-house and a portion outsourced.)
Key Managed Security Services Offered: Almost all of the larger MSSPs (90%) provided 24/7 security event monitoring and response for threat detection use cases on their own. While 61% of the smaller MSSPs provided these services on their own, 35% partnered with another company for these services and 4% of the smaller MSSPs did not offer them at all.
“This is an exceptional achievement for the Performanta team, who work tirelessly to maintain our company’s market-leading MSSP offering whilst pioneering cyber safety,” comments Guy Golan, CEO and co-founder of Performanta. “We’re incredibly proud of rising through the global List from number #40 in 2022 to #28 this year, as well as securing number #1 in Africa and the UK. As a truly global organisation, that started out in South Africa, these accolades are of significant importance to us. We will continue to help our customers overcome the monumental challenges they currently face, with the highest form of integrity, compassion and empathy.”
“MSSP Alert and CyberRisk Alliance congratulate Performanta on this honour,” said Jessica C. Davis, editorial director of MSSP Alert, a CyberRisk Alliance resource. “The Top 250 MSSPs continue to outperform the overall cybersecurity services market in 2023. It’s an indication of the strength of managed security services provided by these specialists at a time when cybercrime has accelerated and threatens businesses of every size and from every industry.”
MSSP Alert’s Top 250 MSSPs list and research report are overseen by Jessica C. Davis, editorial director, MSSP Alert and ChannelE2E.
Click here to download the list and associated report.
About Performanta – www.performanta.com
Performanta was founded in 2010 and has over 170 staff worldwide, including former CIOs/CISOs from large enterprises. It has a global footprint with a team of 80 analysts working in two SOCs, helping to secure customers across 50 countries, from offices in the United Kingdom, Australia, Germany, South Africa, and the USA.
Performanta offers a consultative approach to people, processes, and technology, focusing on security projects in line with adversarial, accidental and environmental business risk. With a holistic cybersecurity view, they understand the modus operandi of a perpetrator and accordingly build an intelligent defence mechanism to make customer environments less susceptible to attacks.
About CyberRisk Alliance
CyberRisk Alliance (CRA) is a business intelligence company serving the high growth, rapidly evolving cybersecurity community with a diversified portfolio of services that inform, educate, build community, and inspire an efficient marketplace. Our trusted information leverages a unique network of journalists, analysts and influencers, policymakers, and practitioners. CRA’s brands include SC Media, Security Weekly, ChannelE2E, MSSP Alert, InfoSec World, Identiverse, Cybersecurity Collaboration Forum, its research unit CRA Business Intelligence, the peer-to-peer CISO membership network, Cybersecurity Collaborative, the Official Cyber Security Summit, TECHEXPO Top Secret, and now LaunchTech Communications. Click here to learn more.