Large enterprises are turning to small, niche startups offering specific cyber security services, rather than depend on multinationals who provide end-to-end solutions.

“Many executives of large tech firms who were working in the US or in India saw this as an opportunity and started their own cybersecurity startups.”Within cyber security, some segments are too small a market for larger firms to invest in.

Startups say the government needs to step in and offer a testing and certification facility locally.Cost arbitrage also plays a role when most companies look at savings.

“Even as budgets tighten, companies have no choice but to protect themselves.

This is critical,” says EY’s Shrivastava.However, given the fact that some of these firms are starting to provide similar, and often unique, products and services at lower cost, a shift to niche is certainly under way. | To read full story, visit https://startuparound.com/read/1580702405.623316/Cybersecurity-firms-shunning-dependence-on-MNCs?ref=audio_experience