The AME Group ranks among the Top 250 MSSPs for 2023, according to MSSP Alert, a CyberRisk Alliance resource. The Top 250 MSSPs (Managed Security Services Provider) honorees were announced in a live webcast on September 14.
MSSP Revenue Growth & Financial Performance: MSSP honorees, 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: Honorees are headquartered in 37 different countries.
Profits: 87% of MSSPs surveyed expect to be profitable for fiscal year 2023.
Security Operations Centers: 67% have in-house SOCs. While 23% are hybrid, 8% completely outsource their SOCs, and 1% are reevaluating their SOC strategies.
Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2023 include phishing (95%), vulnerability exploits (91%) and ransomware (86%).
Cybersecurity Solutions: Larger MSSPs were more likely to run their SOC entirely in-house (85%). Just half of our smaller segment MSPs ran their SOCs in-house. 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. 4% of the smaller MSSPs did not offer them at all.
“MSSP Alert and CyberRisk Alliance congratulate The AME Group on this honor,” said Jessica C. Davis, editorial director of MSSP Alert, a CyberRisk Alliance resource. “The Top 250 MSSPs continue to outperform the overall cybersecurity services market in 2023. It’s an indication of the strength of managed security services provided by these specialists at a time when cybercrime has accelerated and threatens businesses of every size and from every industry.”
