That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree.
As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies.
Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020.
In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian.
With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.