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Emerging Tech Research: Cloudtech: DevOps

Q2 2020

Emerging Tech Research: Cloudtech: DevOps

September 15, 2020

Emerging Tech Research: Cloudtech: DevOps
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The coronavirus outbreak and subsequent shelter-in-place restrictions are increasing the pressure on organizations to continuously develop digital products and services, as developed societies place more value on the ability to work, learn and communicate remotely.

Companies with sophisticated IT capabilities are thriving in this new environment, but legacy non-technology businesses face significant risks for disruption, according to our Q2 Emerging Tech Research report on cloudtech and DevOps. Other highlights include:

  • Venture investors poured $1.1 billion into cloudtech and DevOps deals in Q2, bringing 2020's total to $2.1 billion through June 30 and keeping the year on pace with 2019.

  • While 2020 is likely to cause IT budgets to tighten in the near-term, the industry's strong tailwinds will keep dealmaking steady.

  • Exit value through Q2 has been subdued compared to 2019, which saw a record of nearly $50 billion in exit value due to several notable IPOs.