Managed Security Service Providers (MSSPs) assist Managed Service Providers (MSPs) in reducing Security Operations Center (SOC) costs through access to advanced technology, expert management, and flexible solutions. By outsourcing security functions, MSPs benefit from 24/7 monitoring, proactive threat hunting, and compliance support, allowing them to focus on their core business. This collaboration helps mitigate risks and enhance efficiency while avoiding high fixed costs associated with in-house security teams.