Socura Named to MSSP Alert’s 2023 Global List of Top 250 MSSPs
The Seventh annual list reveals leading MSSP, MDR and MSP security companies expect strong revenue growth in 2023 compared to 2022.
Socura ranks among the Top 250 MSSPs for 2023, according to MSSP Alert, a CyberRisk Alliance resource.
The Top 250 MSSPs honourees were announced in a live webcast on September 14.
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 reevaluating their SOC strategies.
- Cyber Attack Trends: The most frequent attacks targeting MSSP customers in 2023 include phishing (95%), vulnerability exploits (91%) and ransomware (86%).
- Cyber Security 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.
Socura was ranked among the Top 250 MSSPs for 2023.
“It’s an honour to be named to MSSP Alert’s Top 250 list for the second year running. To have climbed 69 places is a testament to our commitment to excellence. At Socura, we’re proud to be a British business making a global impact. Our focus remains on delivering innovative cloud-based MDR/SOC and SASE services, led by our exceptional team of analysts.” Andrew Kays, CEO
“MSSP Alert and CyberRisk Alliance congratulate Socura 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 cyber security services market in 2023. It’s an indication of the strength of managed security services provided by these specialists at a time when cyber crime 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 CyberRisk Alliance
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About Socura
We’re here to help make the digital world a safer place and change the way organisations think about cyber security. We blend our technical expertise and industry experience with a people-centric approach and work right alongside our clients to guide them along their cyber security journey.
With innovation in our DNA, we’re building a culture that challenges the status quo and pushes the boundaries to deliver high-value cyber security services for our clients. We believe that standing alongside our clients, and the wider cyber community, and doing the right thing is what gets the best results for our business.