Konica Minolta Named to MSSP Alert’s Top 250 MSSPs List for 2021

Ramsey, NJ — Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) today announced MSSP Alert, published by After Nines Inc., has named the company to its Top 250 MSSPs list for 2021. The list and research identify and honor the top MSSPs, managed detection and response (MDR) and Security Operations Center as a Service (SOCaaS) providers worldwide. This recognition represents the combined efforts of Konica Minolta’s U.S. operation, All Covered, as well as IT Weapons, its IT Services Division in Canada.

The fifth-annual list and research report, on which Konica Minolta has been recognized every year it has published, track the managed security service market’s ongoing growth and evolution. The rankings are based on MSSP Alert’s 2021 readership survey combined with the digital media site’s global editorial coverage of managed security services providers.

“As more and more MSSPs compete for market share, we appreciate the opportunity offered by MSSP Alert to stand out for our proactive strategy toward security and ongoing commitment to help our clients improve their security posture,” said Todd Croteau, President, All Covered, IT Services Division of Konica Minolta. “Thank you to the All Covered team for its unwavering dedication to security, which has allowed our organization to continually be recognized by some of the industry’s most prestigious organizations.”

Through its IT Services Division, All Covered, 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. Its recent acquisition, Depth Security, enhances an already impressive and comprehensive security portfolio, bringing expertise in providing visibility into threats facing infrastructure and operations, with network and application penetration testing and adversary emulation.

“After Nines Inc. and MSSP Alert congratulate Konica Minolta on this year’s honor,” said Amy Katz, CEO of After Nines Inc. “Amid continued ransomware, malware and supply chain cyberattacks, the MSSP Alert readership and community continue to mitigate risks for businesses and government organizations worldwide.”

Highlights from the associated MSSP Alert research include:

  • MSSP Revenue Growth & Financial Performance: MSSP honorees, on average, expect to generate $22.3 million in revenue for 2021, up 16% from $19.2 million in 2020. The growth rate remains consistent with last year’s report.
  • Geography: Honorees are headquartered in 26 different countries.
  • Profits: 85% of MSSPs surveyed expect to be profitable for fiscal year 2021, which is roughly even with 2020.
  • Security Operations Centers: 71% have in-house SOCs, 19% are hybrid, 8% completely outsource their SOCs, and 2% are reevaluating their SOC strategies.
  • Cyberattack Trends: The most frequent attacks targeting MSSP customers in 2021 include vulnerability exploits (87%), phishing (96%), and ransomware (89%) incidents.
  • Cybersecurity Solutions: In a continued sign of market fragmentation, MSSP survey participants mentioned 130 different hardware, software, cloud and services vendors that assist their cybersecurity efforts – roughly even with our 2020 report.
  • New Managed Security Services Offered: In addition to traditional managed security services, capabilities such as MDR (91%) have now gone mainstream. Plus, fast-growth services offered include SOC as a service (76%), XDR (67%), cyber talent as a service (43%) and cloud security posture management (41%).

The Top 250 MSSPs list and research can be found online.

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