Are your growth teams adapting their strategies to capitalize on the growing opportunities in the European Managed Security Services (MSS) Industry?
Managed security service providers (MSSPs) are pivotal in safeguarding organizations with a spectrum of essential security solutions. These encompass vital defenses such as distributed denial of service (DDoS) protection, managed firewalls, and proactive breach simulation services, orchestrated primarily through sophisticated security operation centers (SOCs). As the landscape evolves, MSSPs are integrating advanced offerings like managed detection and response (MDR) and extended detection and response (XDR), creating unified security platforms for efficient management. Beyond technical prowess, MSSPs are also acting as strategic partners, adeptly navigating cybersecurity challenges and capitalizing on economies of scale to mitigate risks amidst a shortage of skilled personnel. In today's fiercely competitive ecosystem, MSSPs are increasingly focused on cultivating industry-specific expertise and tailored solutions to meet the precise security needs aligned with customers’ requirements.
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Despite its maturity, the European MSS industry is steadily growing, driven by favorable conditions with a projected 9.6% CAGR from 2023 to 2026.*
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MSS-focused providers in Europe are increasingly recognizing the importance of services like incident response, threat hunting, cyber risk assessments, and chief information security officer (CISO)-as-a-service, integrating them into their portfolios to enhance customer relationships.*
*Source: Frost & Sullivan Growth Opportunity Analysis
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Adapting and strengthening cybersecurity frameworks to address the complexities of hybrid work, combat sophisticated state-sponsored attacks, and safeguard against value-chain vulnerabilities by leveraging the expertise of MSSPs.
Investing in and expanding MDR platforms to stay competitive while leveraging broad portfolios to enhance capabilities and outperform specialized XDR/MDR vendors.
Showcasing the value of comprehensive, scalable security solutions across information technology (IT), operational technology (OT), and Internet of Things (IoT) environments and emphasizing integrated XDR/MDR capabilities and zero-trust architecture to meet diverse client needs.
How is your organization adapting its cybersecurity strategy to address the increasing sophistication and frequency of cyber threats?
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