Security News > 2023 > May > Top public cloud security concerns for the media and entertainment industry

Survey findings highlighted that, while M&E organizations are still relatively new to cloud storage, public cloud storage use is on the rise, with 89% of respondents looking to increase or maintain their cloud services.

"The media and entertainment industry is a key vertical for cloud storage services, driven by the need for accessibility to large media files among multiple organizations and geographically distributed teams," said Andrew Smith, senior manager of strategy and market intelligence at Wasabi Technologies, and a former IDC analyst.

"While complex fee structures and cybersecurity concerns remain obstacles for many M&E organizations, planned increases in cloud storage budgeting over the next year, combined with a very high prevalence of storage migration from on premises to cloud; clearly shows the M&E industry is embracing and growing their cloud storage use year on year," concluded Smith.

Media and entertainment industry cloud budgets exceeded More than half of M&E organizations exceeded budgeted spend on cloud storage services in the last year.

Cybersecurity and data loss concernes M&E respondents increasing their public cloud storage budgets in the next 12 months cited new data security, backup and recovery requirements as the top reason driving the increase, compared to the global average where security ranked third.

"Organizations in the media and entertainment industry are flocking to cloud storage as their digital assets need to be stored securely, cost-effectively and accessed quickly," said Whit Jackson, VP of Media and Entertainment at Wasabi.

News URL

https://www.helpnetsecurity.com/2023/05/29/media-and-entertainment-ndustry-cloud-storage/