NCC Group (NCC) Investor Update summary

Strategic positioning and business model

• Operates as a global cyber resilience provider with two main businesses: software resilience (Escode) and cybersecurity services, the latter being the largest revenue contributor.

• Delivers end-to-end services including incident response, consulting, managed security, and technical assurance, all integrated in a unique operating model for client risk management.

• Undergoing a transformation to enhance global service delivery and client experience.

Market dynamics and growth

• Managed security services market is fast-growing, with MXDR/MDR segments expected to grow over 26% from 2023–2028.

• The market is sizable (GBP 20 billion in 2023) and not limited to a single vertical, enabling scalable solutions across industries.

• Only 42% of organizations currently use MDR/XDR, but this is projected to exceed 70% by 2027, indicating strong future demand.

Operating model and client engagement

• Unified Cyber Platform (UCP) launched to consolidate legacy systems, improve client experience, and enable rapid feature deployment.

• UCP enhances efficiency, cost savings, and scalability, supporting both global and local client needs.

• Client engagement is tailored by segment: mid-market clients value simplicity and full solutions, while large enterprises benefit from tailored, scalable offerings.