Businesses continue to adopt a “cloud-first strategy” at an accelerated pace. Consider the following stats from IDC Research highlighted by the Wall Street Journal:
- Worldwide spending on public cloud services is estimated to grow by a 19.4% compound annual rate over the next four years, to $141 billion in 2019, from $70 billion in 2015.
- Over that period, businesses are expected to spend six times more on public cloud services than they do on overall information technology.
- Software-as-a-Service will remain the dominant cloud tool used by businesses in the years ahead, attracting two thirds of total spending on public cloud.
As enterprise businesses increasingly shift technology applications and infrastructure to the cloud, privileged accounts in public, private and hybrid cloud environments grow exponentially. No matter where they “live” – on-premises or in the cloud – privileged accounts need to be protected accounts.
Watch this 60-second video to learn how CyberArk Privileged Account Security can help IT and security teams overcome the challenges of managing these powerful accounts and secure cloud environments including Infrastructure-as-a-Service and Software-as-a-Service. Unique capabilities of the solution include credential protection, session security and continuous monitoring to deliver a layered approach to securing privileged accounts in the cloud.
