A study of M&A in the second quarter of 2014 found that cloud and smart mobility drove 42% of technology deals. Of the deals greater than $1 billion, fully three quarters targeted internet, cloud/SaaS companies, or Internet of Things firms.
As we’ve seen from our study, security concerns are top of mind for firms migrating to the cloud. To that end, worldwide spending on information security will top $71 billion this year, with data loss prevention experiencing the fastest growth over 2013’s spending.
Another recent study shows how cloud is set to transform small businesses. By 2020, the report says, 80% of small businesses in the US will have migrated to the cloud. That’s explosive growth—today, 37% of small businesses have migrated to the cloud.