Sixth-annual List and Research Identifies Leading Managed Security Service Providers Worldwide

Konica Minolta Business Solutions (Canada) Ltd. (Konica Minolta) announced MSSP Alert, a CyberRisk Alliance resource, has named the company to its Top 250 MSSPs list for 2022. The list and research identify and honor the top managed security service providers (MSSPs) 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.

“We have seen so many MSSPs enter the market in recent years, which makes this accolade that much more significant,” said Todd Croteau, President, Global Information Technology Services, Konica Minolta. “Our strategy to merge the managed IT services of our U.S.-based All Covered and Canadian IT Weapons business is allowing us to better leverage resources and ultimately improve the service we provide to our clients so they can reach their full potential for digital transformation.”

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Through its IT Services Divisions, All Covered and IT Weapons, Konica Minolta helps businesses achieve their goals through better management of information and more effective collaboration. Firm proponents of security measures that are not about resolving a single incident or as a set-it-and-forget-it program, the company provides a holistic approach to security.

“MSSP Alert congratulates Konica Minolta on this year’s honor,” said Joe Panettieri, Editorial Director, MSSP Alert. “The MSSP Alert readership and Top 250 honorees continue to outpace the cybersecurity market worldwide.”

Highlights from the associated MSSP Alert research for 2022 include:

• MSSP Revenue Growth and Financial Performance: MSSP honorees, on average, expect to generate $24 million in revenue for 2022, up 26 percent from 2021. The growth rate is roughly double the market average.
• Geography: Honorees are headquartered in 30 different countries.
• Profits: 90 percent of MSSPs surveyed expect to be profitable for fiscal year 2022, a five-point improvement from 2021.
• Security Operations Centers: 69 percent have in-house SOCs, 19 percent are hybrid, 8 percent completely outsource their SOCs, and 4 percent are reevaluating their SOC strategies.
• Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2022 include phishing (97 percent), vulnerability exploits (93 percent) and ransomware (91 percent).
• 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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