Fifth-Annual List Honors Leading MSSP, MDR and SOCaaS Cybersecurity Companies Worldwide
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Moshe (Moshik) Esterin, Founder & CEO, Magen Ofek (Photo: Business Wire)
The list and research identify and honor the top MSSPs, managed detection and response (MDR) and Security Operations Center as a Service (SOCaaS) providers worldwide.
The rankings are based on MSSP Alert’s 2021 readership survey combined with the digital media site’s global editorial coverage of managed security services providers. The fifth-annual list and research report track the managed security service market’s ongoing growth and evolution.
Moshe (Moshik) Esterin, CEO of Magen Ofek, commented: "We are excited and proud to be one of the premier MSSP companies in the world. I believe that MSSP is a reality rather than the future, and our vision is to make it globally accessible to SMBs."
"After Nines Inc. and MSSP Alert congratulate Magen Ofek on this year’s honor," said Amy Katz, CEO of After Nines Inc. "Amid continued ransomware, malware and supply chain cyber attacks, the MSSP Alert readership and community continues to mitigate risks for businesses and government organizations worldwide."
Highlights from the associated MSSP Alert research include:
MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $22.3 million in revenue for 2021, up 16% from $19.2 million in 2020. The growth rate remains consistent with last year’s report.
Geography: Honorees are headquartered in 26 different countries.
Profits: 85% of MSSPs surveyed expect to be profitable for fiscal year 2021, which is roughly even with 2020.
Security Operations Centers: 71% have in-house SOCs, 19% are hybrid, 8% completely outsource their SOCs, and 2% are reevaluating their SOC strategies.
Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2021 include vulnerability exploits (87%), phishing (96%), and ransomware (89%) incidents.
Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 130 different hardware, software, cloud, and services vendors that assist their cybersecurity efforts -- roughly even with our 2020 report.
New Managed Security Services Offered: In addition to traditional managed security services, capabilities such as MDR (91%) have now gone mainstream. Plus, fast-growth services offered include SOC as a service (76%), XDR (67%), cyber talent as a service (43%) and cloud security posture management (41%).
The Top 250 MSSPs list and research were overseen by Content Czar Joe Panettieri (@JoePanettieri). Find the online list and associated report here: http://www.msspalert.com/top250.
About Magen Ofek
Magen Ofek provides modern businesses with integrated cross-layer data security, while laying the foundations for future requirements. Delivered as a monthly MSSP, Magen Ofek’s solution offers automatic proactive protection, monitoring and control, immediate resolving of security incidents, and software updates. This ensures operational continuity and sustained growth, while preserving corporate design and reputation.
Led by Moshe (Moshik) Esterin, one of Israel’s top cybersecurity experts and winner of McAfee’s International Outstanding Technologist Award, Magen Ofek’s team has over 20 years’ experience leading data security activity at world-renowned multinational companies. Operating within a framework of unwavering honesty, integrity, and transparency; the company builds and maintains long term relationships that assure its customers’ peace of mind.
About After Nines Inc.
After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com). ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).
For sponsorship information contact After Nines Inc. CEO Amy Katz, Amy@AfterNines.com
For content and editorial questions contact After Nines Inc. Content Czar Joe Panettieri, Joe@AfterNines.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20211020005498/en/
Meirav Kavalsky-Brami, Marketing Consultant