The Technology Sector Dominates Deal Volumes and Values, But Software Takes the Spotlight with a Surprising Increase in Values

Mid-Year Outlook for Global M&A Trends in Technology, Media, and Telecommunications for 2024

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

Leave a Reply