A significant number of respondents to the global survey of 1,200 IT leaders found there are still strong concerns about cloud security, however.
Only 13% of respondents said they fully trust cloud companies to keep their most sensitive data secure.
Though cloud security was high on the list, 72% of respondents said compliance was actually their primary concern across all types of cloud deployments.
Shadow IT was another significant concern. Almost 60% of respondents said shadow IT has a negative impact on their ability to keep cloud services secure.
Last August, Cisco released a study that found companies use up to 15 times more cloud services to store critical company data than CIOs were aware of or had authorized. Specifically, Cisco found that IT departments estimate their companies are using an average of 51 cloud services, when the reality is those organizations are using around 730 cloud services.
Despite some concerns, it appears most companies are plowing ahead with cloud investments. A recent report from the International Data Corporation predicted that infrastructure spending for cloud environments will reach $38.2 billion in 2016.