Our latest IT & Business Services M&A report reveals that the blistering activity seen in the sector in recent years has slowed, with 558 deals recorded within the sector in 1H2024. This is notably lower than what was recorded for 2H2023, and comes after a two-year period where IT & Business Services companies were acquired in record-breaking numbers. While the subdued momentum can largely be attributed to continuing inflationary and geopolitical pressures impacting the tech industry as a whole, it may also represent a normalisation in deal activity following the boom which accompanied the
Our latest Digital Commerce M&A report reveals that 1,089 deals were struck in the sector in 1H2024, compared to the 1,063 deals recorded in the previous six-month period. The modest uptick in M&A activity reflects a degree of market recovery following the post-pandemic decline. However, macroeconomic challenges and geopolitical tumult continue to have an impact, as can be seen in a fall in the trailing 30-month median revenue multiple, which has dropped for the second six-month period in a row.
Enterprises are digitising more products, processes and services than ever before. At the same time, they are migrating them to the cloud for efficiency, scalability and corporate agility. These trends are driving growth across all segments of the IT Services sector, keeping firms with relevant expertise in hot demand.
Technological advancements have radically transformed the ways in which insurance is offered, and the software used by insurers to adequately deliver insurance products.
Organisations continue to face the challenge of finding, keeping and developing new hires to their full potential. Combined with AI- and technology-based advances, these motivations are driving the HRTech market. As a result, what used to be a slow-moving corporate technology space a decade ago is now a multi-billion-dollar market of HR cloud solutions to address the needs for the future of work.
There is growing appetite to apply Artificial Intelligence (AI) and digital solutions to solve many of medicine's pressing problems. This was been exacerbated by the coronavirus pandemic in 2020.
The fintech industry continues to grow and break records. Changes are being accelerated by the shift away from cash, the boom in electronic payment transactions, and the application of innovations in artificial intelligence and machine learning.
An increasing number of software and services firms now specialise in facilitating ESG reporting capabilities. Over the past five years, they have garnered interest as M&A targets.
M&A in the Enterprise Software sector has remained remarkably robust. In fact, in terms of M&A volume, the sector saw the third highest number of M&A deals in 1H2023.