In the first half of 2024, deal volumes and values saw a decrease compared to the same period in 2023. Deal volumes dropped by 20%, while deal values decreased by 8%. However, some sectors like media and entertainment and telecoms experienced growth in deal values despite the decline in volumes. The technology sector, which remained the largest sector, saw a decrease in deal values by 15%, even with some notable megadeals announced.
In the technology sector, software accounted for a significant portion of deal volumes and values, making up 69% and 70% respectively. Although software deal volumes decreased by 23%, the deal values increased by 55% due to eight megadeals. IT services, the next largest subsector, saw double-digit declines in both deal volumes and values during the first half of 2024. The semiconductor sector also faced a slowdown, with deal volumes decreasing by 32% and deal values by 52% over the same period.
Overall, despite facing challenges in certain sectors, the technology industry continued to dominate deal volumes and values in the first half of 2024. The sector accounted for an impressive percentage of these deals: at least 83% of all deals were made within this industry.
