MSSP Alert, published by After Nines Inc., has named Radar Cyber Security to the Top 200 MSSPs list for 2019. The list and research identify and honor the top 200 managed security services providers (MSSPs) that specialize in comprehensive, outsourced cybersecurity services. Radar Cyber Security achieved 70th place in the international ranking.
Previous editions of the annual list honored 100 MSSPs. This year’s edition, at twice the size, reflects MSSP Alert’s rapidly growing readership and the world’s growing consumption of managed security services. The Top 200 MSSP rankings are based on MSSP Alert’s 2019 readership survey combined with aggregated third-party research. MSSPs featured throughout the list and research proactively monitor, manage and mitigate cyber threats for businesses, government agencies, educational institutions and nonprofit organizations of all sizes.
Eight percent of the companies on the list are from the EMEA region, Radar Cyber Security is among the Top 6 European companies and the only Austrian company to make it into the Top 200 MSSP ranking.
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We are honored to be the only Austrian company on the MSSP Alert Top 200 Managed Security Services Providers List. We are proud of this great recognition of our work. The consideration of Radar Cyber Security in this ranking is highly regarded in the industry. The continued industry interest in MSSPs reflects the increased need to invest in cybersecurity. As a European technology leader, we are committed to supporting the ongoing digital transformation.
Harald Reisinger, Managing Director of Radar Cyber Security
After Nines Inc. and MSSP Alert congratulate Radar Cyber Security on this year’s honor. Amid the ongoing cybersecurity talent shortage, thousands of MSPs and IT consulting firms are striving to move into the managed security market. The Top 200 list honors the MSSP market’s true pioneers.
Amy Katz, CEO After Nines Inc.
MSSP Alert: Top 200 MSSPs 2019 – Research Highlights
The MSSP Alert readership survey revealed several major trends in the managed security services provider market. Chief among them:
The Top 5 business drivers for managed security services are talent shortages; regulatory compliance needs; the availability of cloud services; ransomware attacks; and SMB customers demanding security guidance from partners.
69% of MSSPs now run full-blown security operations centers (SOCs) or cyber defense centers (CDCs) in-house, with 19% leveraging hybrid models, 8% completely outsourcing SOC services and 4% still formulating strategies.
The Top 10 cybersecurity vendors assisting MSSPs, in order of reader preference, are Fortinet, AT&T Cybersecurity, Cisco Systems, BlackBerry Cylance, Palo Alto Networks, Microsoft, SonicWall, Carbon Black, Tenable and Webroot (a Carbonite company).
Although the overall MSSP market enjoys double-digit percentage growth rates, many of the Top 200 MSSPs have single-digit growth rates because they are busy investing in next-generation services – including managed detection and response (MDR), SOC or CDC as a Service, and automated penetration testing.
