Last Updated on: 22nd November 2023, 04:30 pm
MSSP Alert, a CyberRisk Alliance resource, has announced the Top 250 MSSPs honorees for 2023. Among the honorees is inSOC, a leading SOC-as-a-Service (SOCaaS) vendor that has progressed from 142nd in 2022 to 107th in 2023.
According to the research report, MSSP honorees are expecting to generate an average of $56.3 million in revenue in 2023, more than double the number from the 2022 report. Honorees are headquartered in 37 different countries, with 87% expecting to be profitable for the 2023 fiscal year.
The most frequent cyberattacks targeting MSSP customers in 2023 include phishing (95%), vulnerability exploits (91%), and ransomware (86%). Larger MSSPs are more likely to run their SOCs in-house (85%), while half of the smaller segment MSPs have in-house SOCs, and the other 33% take a hybrid approach (i.e., in-house and outsourced).
Kristian Wright, COO of inSOC, commented: “inSOC has continued to experience exceptional growth fueled by high demand for SOCaaS offerings from MSPs. Our rapid move up the leaderboard reflects our capabilities to help our partners grow their businesses with a holistic approach that includes a robust open XDR solution, weekly vulnerability management, threat assessment reporting, sales & marketing enablement, and more.”
Jessica C. Davis, editorial director of MSSP Alert, also said: “MSSP Alert and CyberRisk Alliance congratulate inSOC on this honor. The Top 250 MSSPs continue to outperform the overall cybersecurity services market in 2023 — indicating the strength of managed security services provided by these specialists at a time when cybercrime has accelerated and threatens businesses of every size and industry.”
inSOC offers high-margin, enterprise-grade wraparound SOC solutions designed specifically for reselling by MSPs. Its SOC-as-a-Service packages provide security information and event management (SIEM), vulnerability management, intrusion detection, incident response, and more at an affordable monthly subscription fee.
CyberRisk Alliance (CRA) has revealed the seventh annual list of the world’s top MSSP, MDR, and MSP security companies, with inSOC ranking among the Top 250 MSSPs for 2023. With honorees expecting to generate an average of $56.3 million in revenue in 2023, and 87% expecting to be profitable for the 2023 fiscal year, the list indicates the strength of managed security services at a time of increased cybercrime. inSOC’s rapid progress up the leaderboard reflects its capabilities to help partners grow their businesses with a robust open XDR solution, weekly vulnerability management, threat assessment reporting, sales & marketing enablement, and more.
