MSSP Alert, a CyberRisk Alliance resource, has named RADAR Cyber Security to the Top 250 MSSPs list for 2022. Sixth annual list and research identify leading managed security service providers with RADAR Cyber Security being #2 DACH company.
The research honors the top-ranked MSSPs (managed security service providers) worldwide. The rankings are based on MSSP Alert’s 2022 readership survey combined with the site’s editorial coverage of MSSP, MDR and MSP security providers. The sixth-annual list and research track the MSSP market’s ongoing growth and evolution. In this year’s MSSP Alert’s Top 250 list RADAR Cyber Security is ranked on the second place in the circle of DACH providers. With RADAR Services and RADAR Solutions products including in-house developed core technology for cybersecurity made and operated in Europe the company secures and contributes to the business continuity of many companies.
“MSSP Alert congratulates Radar Cyber Security on this year’s honor. The MSSP Alert readership and Top 250 honorees continue to outpace the cybersecurity market worldwide”, says Joe Panettieri, editorial director of MSSP Alert.
Highlights from the associated MSSP Alert research for 2022 include:
MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $24 million in revenue for 2022, up 26% from 2021. The growth rate is roughly double the market average.
Geography: Honorees are headquartered in 30 different countries.
Profits: 90% of MSSPs surveyed expect to be profitable for fiscal year 2022, a five-point improvement from 2021.
Security Operations Centers: 69% have in-house SOCs, 19% are hybrid, 8% completely outsource their SOCs, and 4% are reevaluating their SOC strategies.
Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2022 include phishing (97%), vulnerability exploits (93%) and ransomware (91%).
Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 140 different hardware, software, cloud, distribution and services vendors that assist their cybersecurity efforts.
Key Managed Security Services Offered: MSSPs and MSPs increasingly seek out partners to deliver MDR (Managed Detection and Response), XDR (Extended Detection and Response), Incident Response and other key services.
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