Amid rising competitive pressures and economic uncertainty, companies are turning towards cloud technology to stay ahead, according to GlobalData. The leading data and analytics company notes that the cloud market will see the most deal activity out of all tracked themes in 2022 and beyond.
GlobalData’s Thematic Research team analyses the most disruptive themes-from ‘Artificial Intelligence’ to the ‘Future of Work’-across 18 industry sectors*. Its latest report, ‘Thematic Research: Global M&A Deals in Q2 2022 – Top Themes by Sector’, reveals that the technology, media and telecoms (TMT) sector saw a total of 2,717 merger and acquisition (M&A) deals recorded in Q2 2022, collectively worth $299 billion. Deal value in the TMT sector grew 15%. The number of total M&A deals was largely driven by cloud technology, as well as ‘digital media’, which…
