Radar Cyber Security named to MSSP Alert’s Top 250 MSSPs List for 2020

MSSP Alert: Top 250 MSSPs 2020– Research Highlights

Highlights from the associated MSSP Alert research include:

MSSP Revenue Growth: MSSP honorees, on average, expect to generate $19.15 million in revenue for 2020, up 16% from $16.47 million in 2019.

Geography: Honorees are headquartered in 25 different countries — up from 19 countries in the 2019 report.

Profits: 84% of MSSPs surveyed expect to be profitable for fiscal year 2020.

Security Operations Centers: 67% have in-house SOCs, 24% are hybrid, 6% completely outsource their SOCs, and 3% are reevaluating their SOC strategies.

Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2020 include phishing (95%), vulnerability (76%) and ransomware (69%) attacks.

Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 129 different hardware, software, cloud, and services vendors that assist their cybersecurity efforts — up from 95 in 2019.

M&A: Mergers, acquisitions and private equity investments continue to accelerate across the MSSP landscape. Twenty high-profile deals involving MSSP 250 honorees have surfaced since last year’s report.