CloudMTS Q4 2023 Revenue Grows 64% YoY

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ccording to the participants of the online conference "Commercial SOC: version 2024", the domestic market of commercial SOCs continued to actively develop and grow. Andrey Zaikin, Director of Business Development of K2 Cybersecurity LLC, called the trends in the entire segment of services and services in the field of information security general, which was expressed in the fact that the growth rate in it was twice as high as those achieved in afghanistan whatsapp number database the entire domestic information security market, which, according to various estimates, amounted to 15-35% by the end of 2023. According to his estimates, the Russian SOC market grew by 50-60%.

Sergey Soldatov, Head of the Cybersecurity Monitoring Center at Kaspersky Lab, said that SOC at Kaspersky Lab increased revenue by 50% year-on-year in 2023 after an 80% increase in 2022. At the same time, he emphasized the fact that almost 100% of pilots are continued.

However, a number of players showed significantly higher results. For example, revenue from the sale of the cybersecurity operations center (SOC) of the provider CloudMTS increased by 75% by the end of 2023.

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The company's revenue in the fourth quarter of 2023 increased by 64% compared to the same period last year. CloudMTS's operating income more than doubled during this period, and the number of the provider's clients exceeded five thousand at the end of the year.

Vitaly Siyanov, Head of Development Department at Solar Group, however, recalled that the growth rate of the commercial SOC market in Russia was predicted to be 70% in 2023, but the actual data turned out to be much more modest.

However, according to Andrey Dugin, head of the MTS RED information security services department, the reserves for extensive growth of the commercial SOC market have not been exhausted. He expressed the opinion that only very small and micro businesses whose activities do not depend on the operation of any information systems are not potential clients of such services.

Andrey Dugin linked the slowdown in growth rates in 2023 to the fact that in 2022, commercial SOC operators were massively approached by former branches of international companies that had previously received IT and information security services from their parent companies and were unable to quickly build up their internal expertise.

Artem Gribkov, Deputy Director for Business Development at Angara SOC, noted that, in addition to revenue and client growth, in 2023 there was also an expansion of functions that customers are willing to transfer to an external SOC. Among them, he named brand protection, cyber intelligence, and contractor audits. A new trend in 2024 was an increase in the number of customers who agree to transfer not only threat monitoring but also response to them to an external SOC operator. At the same time, in 2023, most customers limited themselves to transferring only basic functions to external SOC operators.

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