Stretched thin with supporting cloud infrastructure, digital-first business initiatives and ongoing virtual workforce projects, IT and cybersecurity departments are turning to managed security service (MSS) providers to help close gaps in their cybersecurity infrastructure. In one year alone, the MSS industry grew 9.8% [subscription required], reaching $13.9 billion in revenue. A core segment of MSS is managed detection and response (MDR), which grew 48.9% last year.
MSS providers provide a wide variety of third-party professional monitoring and management services designed to protect their clients’ IT infrastructures from breach attempts and cyberattacks. Their services provide 24/7 protection of all client IT assets, and many have developed unique approaches to identifying, isolating and neutralizing risks and threats.
The exponential increase in threat surfaces created from more machine identities being created faster than many organizations can track, combined with new digital-first business initiatives, has made cybersecurity a business decision first and an IT one second. As a result, an MSS solution is designed from the ground up to provide the operational, management and security technologies needed to drive business outcomes.