"As we consider the almost $350 billion in cash and securities on hand at the top 25 technology companies, record levels of private equity dry powder waiting to be deployed, and see indications of full pipelines from every angle of the market, 2015 promises to be another exciting year in technology M&A," according to the report.
Google has already been busy making deals. Earlier this month, the search company purchased LaunchPad Toys, which is a tech company that makes apps for kids. And on Monday the company said it was acquiring some technology from Softcard, a mobile payments app that is backed by some of the biggest wireless carriers.
Growth in cloud computing, the emergence of the Internet of Things and other technologies like drones and robots will likely be areas companies are looking to invest, according to the report.
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