In the first half of 2024, deal volumes and values decreased compared to the same period in 2023. Deal volumes dropped by 20% and deal values by 8%. Despite this, the media and entertainment and telecoms sectors saw growth in deal values, while the technology sector experienced a 15% decrease in deal values.
The technology sector remained the largest sector in terms of both deal volumes and values, accounting for 83% and 72% respectively. Within this sector, software was the dominant subsector, representing 69% of deal volumes and 70% of deal values. Despite seeing a 23% decrease in deal volumes, software experienced a surprising 55% increase in deal values due to eight megadeals that boosted its value.
IT services was the next largest subsector within the technology sector, accounting for 17% of deal volumes and 14% of deal values. However, it experienced declines in both areas during the first half of